Anyone else out there remember when I used to do that thing on Friday nights called “The Wings Bar and Grille.” If you do, you get a dog biscuit.  I mean, we’re talking 7,8,9 years ago.

That’s what I feel like I need right now. A trip to the Wings Bar and Grille.

Maybe we’ll have to reopen the old place one of these days. Then again, I guess if we “re-open” it, we’d have to make it the Wings Spa and Grille, since that seems to be more politically correct these days, huh?

Okay, guys, the last big earnings issue of the quarter is done. But since it’s late, I’m going to go with a posting tomorrow.

I have to admit, I like picking through the airline earnings calls. I know, I’m weird.

This week I take a look at the recent results of WestJet, SkyWest, and Hawaiian Airlines.



SkyWest was the last earnings review I did this week. What was the most interesting factoid about the boys and girls based in St. George this quarter? (Besides the fact the airline continues rake in cash at a faster clip then Citibank?)

For the first time since SkyWest took over Atlantic Southeast, SkyWest did not make one dollar on operational bonuses for the ASA operation. Not one incentive threshold was met.

I may be wrong, but I don’t remember SkyWest ever not picking up at least one of its performance incentive payments during a quarter. Ever.

So while the SkyWest operation had a fairly solid quarter, the travails of ASA continued.

Listening to SkyWest CFO Brad Rich at the beginning of the call, referring to the ASA problems, I got the impression he just wanted to address them, acknowledge them, and then move on as fast as he could to something else. Anything else.



Last quarter Brad talked about how Delta had taken over ground operations for ASA in Atlanta. In this call, the airline acknowledged that Delta’s shifting schedules in the third quarter took a toll on the airline — as did the fact ASA was faced with a 32% increase in departures during the quarter.

Interesting reading.

Okay, on that note, I’m going to go rest the eyes. We’ll post tomorrow. Let me clean up the edits, and polish her up a bit. I’ll talk to you guys manana.

Ticker: (SKYW:Nasdaq), (HA:AMEX),WJA.TO

Technorati Tags: airline earnings, airline industry news, airlines, Hawaiian Airlines, SkyWest, WestJet