Skybus loses $16mil-Yields "appalling"
#21
Gets Weekends Off
Joined APC: Feb 2006
Position: B-737NG preferably in first class with a glass of champagne and caviar
Posts: 6,008
Who says he's American??? or wait even a pilot???
#23
Gets Weekends Off
Joined APC: Dec 2007
Position: Coach
Posts: 117
You think that SkyBus pilots are guys taking jobs just to get hired by another major? How arrogant. A lot of the guys are furloughed from other carriers and some guys just want to be part of something from the start instead of sitting at the bottom of some seniority list on reserve for ___ years...only to be furloughed again or not to see the family for 7-10 days. Some guys don't know how to do anything else that makes the same money. Some guys were not lucky enough to have a friend or a "grand father" to get themselves hired at the glorified majors.
#24
All the while they're on here railing on Skybus, I'm getting my PM box filled with inquiries from 10+ yr RJ CA's, F-18 IP's, C130 IP's, etc.. and other pilots that can see the big picture, quality of life, stock option potential, and the bright future this company offers.
Skybus doesn't want to hire short sighted people, and this is exactly who we're debating with here (the 1% of the 5%). These aren't the average line pilot out there, these are the disgruntled few.
Last edited by CE750; 01-12-2008 at 06:50 AM.
#25
this is only for debating purposes;
other night we
ron'd in GSO. the ramp is full of RJs..that's it.. what does it say about the traffic in that city? you guys think you can double the pax enplanements that have avg'ed 1mil or so the last fifteen years?
second question: can you with a straight face say that suggesting your stock price will likely trade at 68 to 78 a share with the current economics isn't bordering oon misrepresentaion and fraud. fraud because you're trying to entice a job applicant to accept the big windfall of the stock. the jails are full of guys who have misled,misrepresented unlicensed securities to prospective buyers. since you're giving them to applicants as a condition of employment your company may be breaking securities laws.
jetblue pilots saw their stock rise sharply in the beginning. 4000 shares were trading around 60 for a while. back when oil was 35/barrel. look at it now.
other night we
ron'd in GSO. the ramp is full of RJs..that's it.. what does it say about the traffic in that city? you guys think you can double the pax enplanements that have avg'ed 1mil or so the last fifteen years?
second question: can you with a straight face say that suggesting your stock price will likely trade at 68 to 78 a share with the current economics isn't bordering oon misrepresentaion and fraud. fraud because you're trying to entice a job applicant to accept the big windfall of the stock. the jails are full of guys who have misled,misrepresented unlicensed securities to prospective buyers. since you're giving them to applicants as a condition of employment your company may be breaking securities laws.
jetblue pilots saw their stock rise sharply in the beginning. 4000 shares were trading around 60 for a while. back when oil was 35/barrel. look at it now.
#26
GSO is hurt by the fact that RJ's are far more expensive to operate than an A319... ASM on a 50 or 70 seat CRJ causes the airfares to be far to high. With SX costs, they're able to fill up (and the bookings so far look good) the airplanes and make more money.
As for the stock options... this is a calculated risk. Risk=Return. The majority of pilots at SX are aggressively (to the point of getting IBT cards turned in) trying to raise their wages, and this is fine, but I think the stock options are an item that can really turn out to be a windfall for this company's employees if it's as successful as they'd like it to be.
Time will tell, but nobody is guaranteed anything.. are you?
As for the stock options... this is a calculated risk. Risk=Return. The majority of pilots at SX are aggressively (to the point of getting IBT cards turned in) trying to raise their wages, and this is fine, but I think the stock options are an item that can really turn out to be a windfall for this company's employees if it's as successful as they'd like it to be.
Time will tell, but nobody is guaranteed anything.. are you?
#27
of course not, and i thank you for answering the questions.
you guys obviously know what's going on...i would think they'd have to revise that speech because the stock could appreciate. to suggest it could appreciate that much given the oil picture, i just found it to be preposturous.
you guys should get get a ten year pay plan. are you at least working on second year pay?
boyd says the rjs will all get parked , fifty seaters anyway. are you looking to double the yield per RPM in the next quarter? from the five cents to over ten?
or will you see just incremental inching up since you can only add what, two planes a month?
you guys obviously know what's going on...i would think they'd have to revise that speech because the stock could appreciate. to suggest it could appreciate that much given the oil picture, i just found it to be preposturous.
you guys should get get a ten year pay plan. are you at least working on second year pay?
boyd says the rjs will all get parked , fifty seaters anyway. are you looking to double the yield per RPM in the next quarter? from the five cents to over ten?
or will you see just incremental inching up since you can only add what, two planes a month?
#29
Yoke, the revenue plan for this company is different, and 10 cents isn't even close to what they expect to yield to turn profits. Ryan Air really has shown how this is to work.. a major part of it is the whole e-commerce structure with little or no overhead. The employee group at SX is comprised of mostly FA's, then pilots and a handful (about 80) office / mgmt staff... this compared to the 1000's or 10,000's that airlines eventually have in overhead staff.. This alone will almost take 1/3 off their costs... more in depth I can't get into as I don't frankly fully understand it myself.
bugcrusher1... Biggest advise is be yourself, it's 75% personal, 25% technical.. they're looking for "owners" not "clock punchers" and they want people who understand what they're trying to do.. study the news clips and press releases on their business model, get a brush up on basic aerodynamics, FAR's and other basic airmans' stuff.. IT's odd who they hire and who they don't.. I've seen 2000 PIC Citation X drivers turned away and no PIC RJ drivers hired.. and I've heard of high time RJ CA's not hired and low time military guys hired, so flight time and type of flight time isn't the factor; it's mostly you and your personality and whether you're captain material.. They're hiring captains (the FAA is watching them), and they want to make sure you can handle the responsibility.
Good luck.
bugcrusher1... Biggest advise is be yourself, it's 75% personal, 25% technical.. they're looking for "owners" not "clock punchers" and they want people who understand what they're trying to do.. study the news clips and press releases on their business model, get a brush up on basic aerodynamics, FAR's and other basic airmans' stuff.. IT's odd who they hire and who they don't.. I've seen 2000 PIC Citation X drivers turned away and no PIC RJ drivers hired.. and I've heard of high time RJ CA's not hired and low time military guys hired, so flight time and type of flight time isn't the factor; it's mostly you and your personality and whether you're captain material.. They're hiring captains (the FAA is watching them), and they want to make sure you can handle the responsibility.
Good luck.