Skywest in Trouble

[Brenden S]

For those who don't know Skywest has been hit rather hard over here in the West with the global downturn and some interesting decisions. There will be 2 F100's leaving soon, I am not sure of which ones, but one of the Singapore backers is pulling out and he also has 2 of the aircraft. So anyone who wants some pics of the F100's better come west.

[Bob C]

If Skywest is in trouble, I wonder how NJS, Skippers, Network and Maroomba are travelling as they all seem much more exposed to the mining industry than Skywest ?

[Montague S]

Originally Posted by Bobby C

If Skywest is in trouble, I wonder how NJS, Skippers, Network and Maroomba are travelling as they all seem much more exposed to the mining industry than Skywest ?

be interesting to see how those others fair, Rio, BHP & FMG have all had downturns now that our friends in China are not building for the Olympics.

Rio, Woodside, BHP, FMG and others are all laying off staff.

[D Chan]

dropping demands and commodity prices pretty much means the mining boom is over.. things will get tough for operators heavily reliant on mining charters.

[Bob C]

Hi Brenden

Is your source reliable as I am getting contradictory reports to yours ?

[Montague S]

Originally Posted by Bobby C

Hi Brenden

Is your source reliable as I am getting contradictory reports to yours ?

wouldn't bet on it, he hasn't posted it on Jetspotter and there's no prizes for guessing why.

[Bruce Bramwell]

Originally Posted by Bobby C

Hi Brenden

Is your source reliable as I am getting contradictory reports to yours ?

Very strange......

Are you picking this up from pprune? seems that there are some very unhappy campers posting their

[Tim C]

Originally Posted by Bobby C

If Skywest is in trouble, I wonder how NJS, Skippers, Network and Maroomba are travelling as they all seem much more exposed to the mining industry than Skywest ?

Mining industry is a very broad term. Not all the mining industry is suffering falling demand and tough times. Gold Companies are experiencing prices close to $900 US/oz + a 30% bonus (Roughly $1200AUD per ounce) with the Aussie dollar being around 68c compared to the almost $1 for a $1 we had recently. I fly Skippers once a week to the Goldfields for work. Their terminal is still chockers in the mornings when I fly. Skippers seems to have all if not most of the Gold companies under their belt therefore a pretty safe industry for them compared to Skywest and Alliance who have expensive Jets reliant on iron Demand to China.

I notice Network have had their ex US Airways jet sitting parked up for 6 months now still in its US Airways colours. In no hurry to commision that obviously.

Cheers

[Bruce Bramwell]

Originally Posted by Tim C

Mining industry is a very broad term. Not all the mining industry is suffering falling demand and tough times. Gold Companies are experiencing prices close to $900 US/oz + a 30% bonus (Roughly $1200AUD per ounce) with the Aussie dollar being around 68c compared to the almost $1 for a $1 we had recently. I fly Skippers once a week to the Goldfields for work. Their terminal is still chockers in the mornings when I fly. Skippers seems to have all if not most of the Gold companies under their belt therefore a pretty safe industry for them compared to Skywest and Alliance who have expensive Jets reliant on iron Demand to China.

I notice Network have had their ex US Airways jet sitting parked up for 6 months now still in its US Airways colours. In no hurry to commision that obviously.

Cheers

Network I heard they were having trouble, snags with the introduction of FK100's to their fleet?

[Brad Myer]

I guess QF and DJ both increasing WA capacity doesnt help.

Something has gotta give!