Skywest captains to $200/hr...
09-07-2022, 06:07 AM
#11
Fly me to the Moon
Joined APC: Jul 2017
Posts: 81
"We must stick together as professional Aviators! All of our brothers and sisters in this industry deserve better pay!"
Then the regionals give out raises and bonuses-
"Why is this regional scum getting paid so much??!!! THEYRE TAKIN' OUR JERBS!"
Fascinating.
F138-
Then the regionals give out raises and bonuses-
"Why is this regional scum getting paid so much??!!! THEYRE TAKIN' OUR JERBS!"
Fascinating.
F138-
09-07-2022, 06:08 AM
#12
Gets Weekends Off
Joined APC: Jan 2021
Posts: 1,141
Long term plans are anyone’s guess, but I’m sure there’ll be Regional casualty’s due to unsustainable workforce attrition, not pay rate increases.
Last edited by LAXtoDEN; 09-07-2022 at 06:26 AM.
09-07-2022, 07:12 AM
#13
Gets Weekends Off
Joined APC: Oct 2018
Posts: 511
Maybe some won’t be able to cover. You do know SkyWest Inc. is a publicly traded company with investors the likes of Goldman Sachs and Deutsche Bank right? There management has to present these pay scales to their board of directors before approval.
Long term plans are anyone’s guess, but I’m sure there’ll be Regional casualty’s due to unsustainable workforce attrition, not pay rate increases.
Long term plans are anyone’s guess, but I’m sure there’ll be Regional casualty’s due to unsustainable workforce attrition, not pay rate increases.
09-07-2022, 05:22 PM
#15
Gets Weekends Off
Joined APC: Dec 2010
Posts: 3,104
SkyWest can afford it. Not going into the financials but from my understanding from the earnings calls that I’ve listened to, they can afford to pay a lot more than the withdrawn TA rates, it’s a well run shop, but times have changed and pilots are no longer a surplus, so now all those years of treating their Captains like dog$hit finally caught up.
It’s mostly the same management regime that told their Captains “if you don’t like it, you can leave”.
It’s mostly the same management regime that told their Captains “if you don’t like it, you can leave”.
They can't afford it without dipping into savings for a while. Once the savings are gone, then what?
09-07-2022, 05:45 PM
#16
Gets Weekends Off
Joined APC: Jan 2021
Posts: 1,141
Everything is an estimate, but the point is, they’re not pulling a dime out of their 1 billion in savings. Attrition has a significant cost to the operation as well. If the new pay rates reduced attrition you might not see much of a difference in their Q earnings results.
They can afford to pay, stop selling the notion that increased pilot pay is what makes or breaks airlines revenues.
Oh and OO’s contracts can/will be renegotiated with their partners.
Last edited by LAXtoDEN; 09-07-2022 at 06:01 PM.
09-07-2022, 05:54 PM
#17
Gets Weekends Off
Joined APC: Feb 2020
Posts: 142
09-07-2022, 06:53 PM
#18
Gets Weekends Off
Joined APC: Dec 2010
Posts: 3,104
So I just checked OO’s last quarterly earnings. They made $800 million. If they doubled every pilots salary (I used 5,000 pilots, may be slightly more or less), an estimated guess with some napkin math having each pilot crediting 90 hours a month would result in a 120 million charge. So quarterly revenue would be around 680 million.
Everything is an estimate, but the point is, they’re not pulling a dime out of their 1 billion in savings. Attrition has a significant cost to the operation as well. If the new pay rates reduced attrition you might not see much of a difference in their Q earnings results.
They can afford to pay, stop selling the notion that increased pilot pay is what makes or breaks airlines revenues.
Oh and OO’s contracts can/will be renegotiated with their partners.
Everything is an estimate, but the point is, they’re not pulling a dime out of their 1 billion in savings. Attrition has a significant cost to the operation as well. If the new pay rates reduced attrition you might not see much of a difference in their Q earnings results.
They can afford to pay, stop selling the notion that increased pilot pay is what makes or breaks airlines revenues.
Oh and OO’s contracts can/will be renegotiated with their partners.
Operating profit was a meager $54 million, and Q1 was only $25 million. So a $120 million charge would put them pretty far in the hole every quarter.
Pilot Payroll was roughly $40 million a month in pre-covid 2020 if I recall correctly, so your $120 million charge for doubling payroll may not even be big enough to be honest, especially considering the bonuses now, the 300% premiums, etc etc.
09-07-2022, 07:46 PM
#19
Gets Weekends Off
Joined APC: Dec 2018
Posts: 432
09-09-2022, 05:26 AM
#20
Line Holder
Joined APC: Dec 2019
Posts: 84
So I just checked OO’s last quarterly earnings. They made $800 million. If they doubled every pilots salary (I used 5,000 pilots, may be slightly more or less), an estimated guess with some napkin math having each pilot crediting 90 hours a month would result in a 120 million charge. So quarterly revenue would be around 680 million.
Everything is an estimate, but the point is, they’re not pulling a dime out of their 1 billion in savings. Attrition has a significant cost to the operation as well. If the new pay rates reduced attrition you might not see much of a difference in their Q earnings results.
They can afford to pay, stop selling the notion that increased pilot pay is what makes or breaks airlines revenues.
Oh and OO’s contracts can/will be renegotiated with their partners.
Everything is an estimate, but the point is, they’re not pulling a dime out of their 1 billion in savings. Attrition has a significant cost to the operation as well. If the new pay rates reduced attrition you might not see much of a difference in their Q earnings results.
They can afford to pay, stop selling the notion that increased pilot pay is what makes or breaks airlines revenues.
Oh and OO’s contracts can/will be renegotiated with their partners.
Lol! That’s not how it works…and you do not know what you are talking about. Stick to flying and pushing buttons baboon.
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