Mesa
06-20-2015, 05:14 AM
#8551
Gets Weekends Off
Joined APC: Nov 2013
Posts: 555
JO has been the CEO of a once large company since the late 90's, and in high paying positions before that. Even if he stopped receiving any form of payment, he'd still be set for life.
Right now, Mesa is poor. A comparison with SKW isn't even possible. Creditors, private equity, etc. probably still have a big say in what Mesa can do, and where our money goes. We're a sub $20MM company with razor thin margins. Looking back at Mesa's history, it seems like the company has been able to pull through hard times and grow. From a contract standpoint, I think the best we could hope for is a marginal raise, some QOL improvements and continued growth.
Right now, Mesa is poor. A comparison with SKW isn't even possible. Creditors, private equity, etc. probably still have a big say in what Mesa can do, and where our money goes. We're a sub $20MM company with razor thin margins. Looking back at Mesa's history, it seems like the company has been able to pull through hard times and grow. From a contract standpoint, I think the best we could hope for is a marginal raise, some QOL improvements and continued growth.
06-20-2015, 05:25 AM
#8552
Gets Weekends Off
Joined APC: Sep 2011
Posts: 688
Crap ton of airplanes vs 100. When you operate more flight for united in a day then united does you can be a lot more pushy in your terms then one can with only 20 aircraft
Skywest reported 10 million net income from 100 million earnings (EBITDA) first quarter of 2015. That's 10%.
SkyWest, Inc.
I'm pretty sure that Skywest pilots stay consistently in better hotels, have higher pay rates (33% 2nd year), higher per diem, plus lots of soft pay ...
New pay package ratified and in effect 2/1/14, agreement for 1 year.
Block Hour Override eliminated, now paid specific rate for each aircraft type.
On CRJ fleet, all soft time (vacation, sick, deadhead, min day credit, training, etc) are paid at CBR (CRJ Base Rate, aka. CRJ 200)
Min. Daily Guarantee now: 4:00
Company will pay $70 toward each required medical.
Uniform allotment now $200/yr
Company retains right to raise 1st year F.O. pay to $24/hr at any time.
This page last updated: June 15, 2015 (Pilots, Pay Notes)
Another ridiculous thing is that Mesa now requires a new hire to purchase (not by choice anymore) their own iPad with mounts.That's about $600.00 initial expense to the pilot.There are around 1'200 pilots (?) on property now, so we are talking about $720'000.00 which Mesa should have paid for. And that's only the initial purchase price, and not upkeep to original specification.
Now you guys tell me HOW Skywest can have higher profit margins with higher operating costs, and Mesa can't with lower operating costs?
SkyWest, Inc.
I'm pretty sure that Skywest pilots stay consistently in better hotels, have higher pay rates (33% 2nd year), higher per diem, plus lots of soft pay ...
New pay package ratified and in effect 2/1/14, agreement for 1 year.
Block Hour Override eliminated, now paid specific rate for each aircraft type.
On CRJ fleet, all soft time (vacation, sick, deadhead, min day credit, training, etc) are paid at CBR (CRJ Base Rate, aka. CRJ 200)
Min. Daily Guarantee now: 4:00
Company will pay $70 toward each required medical.
Uniform allotment now $200/yr
Company retains right to raise 1st year F.O. pay to $24/hr at any time.
This page last updated: June 15, 2015 (Pilots, Pay Notes)
Another ridiculous thing is that Mesa now requires a new hire to purchase (not by choice anymore) their own iPad with mounts.That's about $600.00 initial expense to the pilot.There are around 1'200 pilots (?) on property now, so we are talking about $720'000.00 which Mesa should have paid for. And that's only the initial purchase price, and not upkeep to original specification.
Now you guys tell me HOW Skywest can have higher profit margins with higher operating costs, and Mesa can't with lower operating costs?
06-20-2015, 05:38 AM
#8553
Gets Weekends Off
Joined APC: May 2011
Posts: 996
I think they've brainwashed you guys into thinking they make no money. The difference in attitude between mesa and republic is amazing. Both have substandard contracts but it's like you guys don't really care.
06-20-2015, 05:54 AM
#8554
Gets Weekends Off
Joined APC: Dec 2013
Posts: 1,602
I don't understand why line pilots can't see the books. If you want me to say yes to a **** poor contract because the company isn't making any money I need proof.
I can't tell you how many mainline guys tell me not to trust JO.
I can't tell you how many mainline guys tell me not to trust JO.
06-20-2015, 06:10 AM
#8555
Gets Weekends Off
Joined APC: Nov 2013
Posts: 555
The union, through a neutral party, was able to see the books. One can also read the details of the bankruptcy online. To believe anything otherwise, you pretty much have to be delusional. Some day Mesa will have money again, and that'd probably be the time for the union to demand more. All evidence says that it isn't possible right now.
06-20-2015, 06:11 AM
#8556
Gets Weekends Off
Joined APC: Nov 2013
Posts: 555
That's why the union guys got the see the books, isn't it. I mean, you've probably flown with some of them. They're normal people, they're line pilots. This isn't some grand conspiracy.
06-20-2015, 06:12 AM
#8557
Gets Weekends Off
Joined APC: Jul 2013
Posts: 10,606
The union, through a neutral party, was able to see the books. One can also read the details of the bankruptcy online. To believe anything otherwise, you pretty much have to be delusional. Some day Mesa will have money again, and that'd probably be the time for the union to demand more. All evidence says that it isn't possible right now.
06-20-2015, 06:19 AM
#8558
Gets Weekends Off
Joined APC: Nov 2013
Posts: 555
From what I've heard, that's close what this supposed new contract is: average. But there seem to be people who think we should burn it down for something unrealistic. Then there's the large group of crusty super senior captains who will hate JO no matter what the union comes up with. They have good reason if the stories I've heard are true, however, I don't think there's reason to believe the financial situation is anything but bad right now.
06-20-2015, 07:20 AM
#8559
Gets Weekends Off
Joined APC: Sep 2006
Posts: 504
The union, through a neutral party, was able to see the books. One can also read the details of the bankruptcy online. To believe anything otherwise, you pretty much have to be delusional. Some day Mesa will have money again, and that'd probably be the time for the union to demand more. All evidence says that it isn't possible right now.
Bankruptcy is in the past. As an investor, you look into future developments. Mesa has changed tremendously within the last 2 years. Nearly every major airline went through similar tough changes and all have recovered, and Mesa is NO different.
We don't live in the past anymore, it's 2015 now. Skywest has trippled their revenue within a year, and I'm sure Mesa has done the same, probably much better with their lower operating cost.
SkyWest generated $100 million in EBITDA in Q1 2015, compared to $35 million in Q1 2014. Revenue included improvements of $21 million from higher flight completion rates and $33 million from the additional E175 operations, improved contract rates from renewals and extensions and improved contract performance incentives.
I ain't buying the Mesa poor argument any longer! And neither should you guys
.
Last edited by mjpilot; 06-20-2015 at 07:32 AM.
06-20-2015, 07:31 AM
#8560
Gets Weekends Off
Joined APC: Nov 2013
Posts: 555
Bankruptcy is in the past. As an investor, you look into future developments. Mesa has changed tremendously within the last 2 years. Nearly every major airline went through similar tough changes and all have recovered, and Mesa is no different.
We don't live in the past anymore, it's 2015 now. Skywest has trippled their revenue within a year, and I'm sure Mesa has done the same, probably much better with their lower operating cost.
SkyWest generated $100 million in EBITDA in Q1 2015, compared to $35 million in Q1 2014. Revenue included improvements of $21 million from higher flight completion rates and $33 million from the additional E175 operations, improved contract rates from renewals and extensions and improved contract performance incentives.
I ain't buying the Mesa poor argument any longer!
We don't live in the past anymore, it's 2015 now. Skywest has trippled their revenue within a year, and I'm sure Mesa has done the same, probably much better with their lower operating cost.
SkyWest generated $100 million in EBITDA in Q1 2015, compared to $35 million in Q1 2014. Revenue included improvements of $21 million from higher flight completion rates and $33 million from the additional E175 operations, improved contract rates from renewals and extensions and improved contract performance incentives.
I ain't buying the Mesa poor argument any longer!
You know how in fantasy novels, people can come back to life, but they do so in exchange for complete submission to some mysterious, magical overlord without whom they'll face unbearable suffering? That's Mesa.
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