Korean1DR

LOL, no joke! You're far beyond your years grasshoppa...

bla bla bla

Stock options? those are a thing of the past at skyw my friend. They now issue you stock that becomes yours after something like 5 years IF you are still employed by skyw. So if you leave early you get nothing. I works out to be 300-500 for fo's per year. So you may just want to hold off on that swa airlines interview to collect your 500$ longevity stock award.

The problem’s with the bonus program is its not specific to employee groups. And the payout is not enough to worry about. Also with the performance award being based on income generated for the quarter, management can adjust that to what ever number they need. (i.e. prepayment on engine overhauls, purchase of additional equipment etc.).

More money is great, but the fact that they think we are motivated by a couple hundred bucks represents a pretty disassociated mentality from the folks down in sgu.

YAKflyer

If you think for a minute that if SkyWest ends up unionized it will cause the seniority lists at ASA & SkyWest to be merged, you'd better go back and start school over again. Managements are more alike than different (even good ones) and they will keep the two separted so they can whipsaw the two groups against each other to keep wages low. Just dangle growth and pilots will work for less to be able to take a grab at the brass ring.

Airsupport

Already happening. ASA gets kicked out of slc, and gets their 900's and a lot of their 700's taken away so skywest can fly them cheaper. I have said this all along, skywest is the whipsaw of asa. The only difference is management is doing it backwards. they started nonunion, brought in union guys, then beat them down.

ToiletDuck

I've had a resume with SKW since november and forgot about it. Today I went and updated it. Added around 300hrs tt and 30 multi to it. Do they see the updates?

kansas

They should. If you're concerned about it, it's a good opportunity to try to hack through the phone system to somebody in HR to "confirm it went through" and talk them up a bit. Good luck Duck!

rickair7777

??? This is all wrong...sounds like you're talking about 401k vesting?

I don't buy airline stock (I don't want another 911 to vaporize my job AND savings) but the stock option thing gives you a 15% discount off the lower of two stock prices during a six month period. You buy the stock, therefore you own it. You can sell it immediately or hang on to it or whatever.

YAKflyer

I think what it really is, is the ability to buy the stock at a discount. It is not an option since options have a strike price. Below the strike price worth nothing and above is your profit. Many guys buy the stock through the company discount plan and sell it the same day it is issued and taking their profit and run........

fatmike69

No he's right. The Employee stock purchase program (ESPP) is different than the options. I guess they call the options a "restricted stock program" now. Although I think the vesting period for the options is only 2 years, but you have to have 3 years of employment to even qualify, and I have no idea how they calculate the number of options you're entitled to. Although I have had good luck with the ESPP, the last purchase was @ $19 per share, and it's up to almost 27 right now. I sold all my ESPP shares for almost an $700 profit for one quarter, not too shabby. Too bad it's considered capital gains since I didn't keep them for a year.

YAKflyer

It is NOT capital gains because you did not keep them for a year. You want the capital gain rate (15%) because it is usually lower than the income tax rate pilots pay. Of course if you're a Bro copilot the government probably should be paying you.