n917me
Posts: 492
Joined: Tue Feb 08, 2005 9:18 am

YX Posts Profit!

Thu Jul 27, 2006 10:35 pm

MILWAUKEE (AP) - Midwest Air Group, owner of Midwest Airlines and Midwest Connect, said Thursday it swung to a profit in the second-quarter, as a rise in passenger traffic helped offset soaring fuel expense.


Net income totaled $8.8 million, or 39 cents per share, compared to a loss of $8.2 million, or 47 cents per share during the same period last year. Revenue grew 34 percent to $176.9 million, from $131.6 million in the same quarter of 2005a.


More passengers and higher fares offset higher fuel costs, the company said.


Passenger traffic grew 28.6 percent due in part to competitive pricing, the company said, while fuel expense increased 49.4 percent.


Midwest Airlines saw passenger revenue per scheduled service available seat mile grew 19.8 percent in the second quarter. Each revenue passenger mile is equal to one paying passenger flown one mile. Load factor, or occupancy, grew 7.4 percentage points as traffic grew 29.8 percent on an 18.1 percent increase in capacity.


Cost per available seat mile (unit costs) at Midwest Airlines increased $0.0042 to $0.1151, or 3.8 percent, compared with second quarter 2005. Excluding fuel, cost decreased $0.0055 to $0.0727, or 7.0 percent.


Midwest Connect saw passenger revenue per scheduled service available seat mile grow 13.2 percent. Traffic climbed 12.8 percent on a 1.6 percent increase in capacity, resulting in load factor growth of 7.1 percentage points.


Cost per available seat mile increased $0.0449 to $0.2960, or 17.9 percent. Excluding fuel, the increase was $0.0299 to $0.2212, or 15.6 percent compared with second quarter 2005.


In premarket trading, Midwest Air Group rose 60 cents, or 12 percent, to $5.50.
 
vivavegas
Posts: 422
Joined: Tue Apr 27, 2004 11:56 pm

RE: YX Posts Profit!

Thu Jul 27, 2006 10:42 pm

Tim seemed down right giddy during last quarters conference call with the anticipation of this (mostly do to great loads). I do not see why this can't continue through the 3rd quarter if they can successfully navigate September. I have noticed they have really cranked up the September marketing recently.

FWIW, on the Yahoo! board, bluehorseshoe is reporting the acquisition of up to two more D328's (unknown origin).

Good news all around.

Craig
MKE
MKE / EYW / LAS - The true trifecta of aviation!
 
daus
Posts: 232
Joined: Wed May 04, 2005 5:37 am

RE: YX Posts Profit!

Thu Jul 27, 2006 11:23 pm

Good to see. If they could just get fuel in line, this might not be such a bad business. Any idea if they break out profitability between Signature and Saver?
 
geg2rap
Posts: 721
Joined: Sun Sep 21, 2003 11:02 am

RE: YX Posts Profit!

Thu Jul 27, 2006 11:54 pm

good for them, I really love their service, and MSP sure has grown from them
from 3x d328 to 5x 717(weekday)
of course signature looks great compared to the other guy in town
 
vivavegas
Posts: 422
Joined: Tue Apr 27, 2004 11:56 pm

RE: YX Posts Profit!

Thu Jul 27, 2006 11:55 pm

Quoting Daus (Reply 2):
Any idea if they break out profitability between Signature and Saver?

Tune-in @ 1p this afternoon, they generally give some color about that.

Quote:
The airline holding company will release the results before the stock market opens on Thursday, July 27, 2006. Company management will then discuss the results in a conference call with industry analysts and institutional investors at 2 p.m. Eastern time the same day. The discussion will be available simultaneously in a listen-only mode and for the following 30 days at http://phx.corporate-ir.net/phoenix.zhtml?c=88626&p=irol-irhome

Craig
MKE
MKE / EYW / LAS - The true trifecta of aviation!
 
User avatar
knope2001
Posts: 2241
Joined: Wed Jun 01, 2005 5:54 am

RE: YX Posts Profit!

Fri Jul 28, 2006 12:08 am

Not only is this a profitable quarter, but they now have a net profit for the *year* of $120,000. Not much, but the second quarter has more than erased the losses in the first quarter. They should make money this quarter (3), and then as long as the 4th isn't awful they'll be in the black for the entire year. It has been a long time coming!

Various messages have said the company is well on the way to meeting the goal of at least $1 in profit for 2006, and it's good to see it wasn't just a bunch of blown smoke.
 
COERJ145
Posts: 1140
Joined: Mon Jun 27, 2005 7:22 am

RE: YX Posts Profit!

Fri Jul 28, 2006 1:17 am

yay, good for YX!!!!
 
nwcoflyer
Posts: 677
Joined: Thu Jun 19, 2003 7:55 am

RE: YX Posts Profit!

Fri Jul 28, 2006 2:53 am

This is good news for all of us that work at YX. It really makes a difference to see that our hard work is paying off. Hopefully we will be profitable for the rest of the year.
The New American is arriving.
 
vivavegas
Posts: 422
Joined: Tue Apr 27, 2004 11:56 pm

RE: YX Posts Profit!

Fri Jul 28, 2006 4:47 am

A couple of random notes from today's conference call:

- $99.0 mil in unrestricted cash, up from $90 mil in Q2 and $84.3 y/y.

- $2.25/g avg fuel, up 30% y/y

- Buy on Board meals - "consistently profitable"

- Fuel Hedges: 25.1% Q3'06 - 24.8% Q4'06 - 18.x% Q1'07 - 9.4% Q2'07

- Web Sales: 31.1% of sales were online, down 1.9% y/y

Fleet Info:

- Terminated 1 lease on a B1900

- Took delivery of final B717 for a total of 25

- Looking to replace all MD's, timing would depend on what path they took. For new both manufacturers are saying 2008, if they went with something used it would be late 2007. Will make a decision by end of year.

- Looking for additional D328's, will replace all B1900 aircraft in time.


No too exciting, only two questions from analysts (one did not know they discontinued the B717 from Boeing, gotta love those aviation analysts!).

Craig
MKE
MKE / EYW / LAS - The true trifecta of aviation!
 
daus
Posts: 232
Joined: Wed May 04, 2005 5:37 am

RE: YX Posts Profit!

Fri Jul 28, 2006 4:57 am

Quoting Vivavegas (Reply 8):
one did not know they discontinued the B717 from Boeing, gotta love those aviation analysts!).

I'm listening to the replay now.... The 'Analysts' were pathetic, only a couple questions. I think the female analyst from Benchmark actually giggled a couple times.  Smile
 
longhaulheavy
Posts: 376
Joined: Wed Dec 17, 2003 1:52 am

RE: YX Posts Profit!

Fri Jul 28, 2006 4:57 am

Great news for a great bunch of folks. Keep up the good work, YX'ers.
 
User avatar
mke717spotter
Posts: 1944
Joined: Thu Dec 01, 2005 9:32 am

RE: YX Posts Profit!

Fri Jul 28, 2006 6:31 am

Good to hear! Heard that things were lookin up at YX and I guess this proves it atleast for now.
Will you watch the Cleveland Browns and the Detroit Lions on Sunday? Only if coach Eric Mangini resigned after a loss.
 
User avatar
TVNWZ
Posts: 1651
Joined: Fri Feb 17, 2006 9:28 am

RE: YX Posts Profit!

Fri Jul 28, 2006 12:09 pm

Quoting Vivavegas (Reply 8):
- $99.0 mil in unrestricted cash, up from $90 mil in Q2 and $84.3 y/y.

This is the most important number. 10% increase in unrestricted cash is excellent under these conditions.

Quoting Vivavegas (Reply 8):
- Looking to replace all MD's, timing would depend on what path they took. For new both manufacturers are saying 2008, if they went with something used it would be late 2007. Will make a decision by end of year.

I vote used. The MD-80s bring down the whole airline IMHO.

A very good report from YX. Keep it up.
 
propilotjw
Posts: 520
Joined: Mon Mar 27, 2000 1:02 pm

RE: YX Posts Profit!

Fri Jul 28, 2006 2:03 pm

Congrats Midwest! Great News for the airline
 
longhaulheavy
Posts: 376
Joined: Wed Dec 17, 2003 1:52 am

RE: YX Posts Profit!

Sat Jul 29, 2006 12:51 am

 
sideflare75
Posts: 417
Joined: Wed May 04, 2005 2:30 pm

RE: YX Posts Profit!

Sat Jul 29, 2006 3:47 am

Quoting Vivavegas (Reply 8):
Looking to replace all MD's, timing would depend on what path they took. For new both manufacturers are saying 2008, if they went with something used it would be late 2007. Will make a decision by end of year.



Quoting TVNWZ (Reply 12):
I vote used. The MD-80s bring down the whole airline IMHO.

I know everyone wants the MD-80's to go away but if the difference between getting new planes and someones used ones is less than a year wouldn't it be better to wait for the new???
Latest rumor around here that I heard says used MD-83's so we will still have MD-80s just some with more range.
Thoughts?
 
nwcoflyer
Posts: 677
Joined: Thu Jun 19, 2003 7:55 am

RE: YX Posts Profit!

Sat Jul 29, 2006 4:35 am

Quoting Sideflare75 (Reply 15):

Latest rumor around here that I heard says used MD-83's so we will still have MD-80s just some with more range.
Thoughts?

No, it has been stated frequently by management that it will either be Airbus or Boeing (the 320 family or the 737 family). The MD-80 has not been mentioned once.
The New American is arriving.
 
sideflare75
Posts: 417
Joined: Wed May 04, 2005 2:30 pm

RE: YX Posts Profit!

Sat Jul 29, 2006 5:08 am

Quoting NWCOflyer (Reply 16):
No, it has been stated frequently by management that it will either be Airbus or Boeing (the 320 family or the 737 family). The MD-80 has not been mentioned once.

It has around the maintenance hangar. Matter of fact at a talk with Tim he mentioned used MD-80's as a possibility. Supposed to be 12 -83's sitting in the desert waiting for a new home, and Boeing was just here trying to find them one. Anything is possible.
But if they were to go with 737's or 320's why not wait less than one more year for new? Warranties are a wonderful thing.
 
concentriq
Posts: 283
Joined: Mon Jan 24, 2005 11:37 am

RE: YX Posts Profit!

Sat Jul 29, 2006 5:30 am

They better post profit!!! I just paid $250 for R/T MKE-CLE. Highest i ever paid! usually $176 or lower. Jokes aside, its great news!
Mobilis In Mobili
 
User avatar
TVNWZ
Posts: 1651
Joined: Fri Feb 17, 2006 9:28 am

RE: YX Posts Profit!

Sat Jul 29, 2006 10:04 am

Quoting Sideflare75 (Reply 15):
I know everyone wants the MD-80's to go away but if the difference between getting new planes and someones used ones is less than a year wouldn't it be better to wait for the new???

Actually, no. In fact I am not waiting. Because of consistantly horrendous delays caused by mx and sloppy dispatching procedures on these planes, I now fly the Red Tail to PHX, TPA, and LAS. And I am a big fan of the airline. But, reliability is job one and being able to get to these places on business reliably is my job one. Sorry, I won't come back until they get new planes. So I vote used.

Yank something reliable out of the desert and let's get going.
 
sideflare75
Posts: 417
Joined: Wed May 04, 2005 2:30 pm

RE: YX Posts Profit!

Sat Jul 29, 2006 11:23 am

The dispatch reliability on the MD-80's is not that much worse than the 717's. The companies goal for the 717 is 99%. They don't quite make that. 98 something %. The MD-80 goal is 98% and they are at 97 something %. One percent difference is not that much. So one more flight out of every hundred is late on an 80 as opposed to a 717. Maybe I'm missing something. Sure it sucks anytime a plane is late but they all break. New or used. And what do you mean by sloppy dispatch procedures?
 
jeb94
Posts: 583
Joined: Mon Oct 04, 2004 9:19 pm

RE: YX Posts Profit!

Sat Jul 29, 2006 8:36 pm

If they want those 83s they better snap them up quick! G4 is constantly shopping for 83s and if they get wind of these they might grab them. Good for YX and its about time! The one question I have to ask. Is it cheaper to buy MD83s or convert the 81s and 82s to 83s? That's basically a gear change, upgrade of engine (JT8D-219 is just a slightly uprated JT8D-217), and some flight control components get modified. Changing the tailcone is a pretty simple deal too and will slightly improve the efficiency of the aircraft.
 
sideflare75
Posts: 417
Joined: Wed May 04, 2005 2:30 pm

RE: YX Posts Profit!

Sat Jul 29, 2006 10:05 pm

So where does the increased range come from? Changing the gear and engines is easy enough. Do -83's have aux tanks like our -88's?
How are things at Allegiant? Hot enough in Vegas for you?

I was surprised to hear that there were -83's available knowing you guys were buying them. Like I said before it's all just something someone told me at work so it could be just another rumor. I think we should wait to get something new. One more year won't kill us. Who knows, a few more profitable quarters and maybe we can afford them.
 
ATWZW170
Posts: 755
Joined: Sat Oct 30, 2004 4:18 am

RE: YX Posts Profit!

Sat Jul 29, 2006 10:48 pm

Why would they be looking to add more D328's when the RFP is out for 50 seaters? ACA's old D328's are sitting around - there are plenty of them out there. I don't see them running to get any more smaller jets - I'm sure they will announce who will get their business soon and the 50 seat jets make sense.
Success is getting what you want...happiness is liking what you get
 
sideflare75
Posts: 417
Joined: Wed May 04, 2005 2:30 pm

RE: YX Posts Profit!

Sat Jul 29, 2006 11:09 pm

I believe it will be to replace the 1900's that are going away. I guess they are getting one more 328 for sure and maybe two.
 
User avatar
mke717spotter
Posts: 1944
Joined: Thu Dec 01, 2005 9:32 am

RE: YX Posts Profit!

Sun Jul 30, 2006 12:21 am

Quoting Sideflare75 (Reply 15):
Latest rumor around here that I heard says used MD-83's so we will still have MD-80s just some with more range.
Thoughts?

I don't think it'd be smart to get MD-83's cause then in a couple of years they are gonna have to replace them anyways. To much hassle, it would be smart to get newer aircraft from boeing or airbus and have them last for 20+ years.
Will you watch the Cleveland Browns and the Detroit Lions on Sunday? Only if coach Eric Mangini resigned after a loss.
 
User avatar
TVNWZ
Posts: 1651
Joined: Fri Feb 17, 2006 9:28 am

RE: YX Posts Profit!

Sun Jul 30, 2006 12:57 am

Quoting Sideflare75 (Reply 20):
The dispatch reliability on the MD-80's is not that much worse than the 717's. The companies goal for the 717 is 99%. They don't quite make that. 98 something %. The MD-80 goal is 98% and they are at 97 something %. One percent difference is not that much. So one more flight out of every hundred is late on an 80 as opposed to a 717. Maybe I'm missing something. Sure it sucks anytime a plane is late but they all break. New or used

Then someone is fudging the numbers. Everytime I go somewhere the Saver flights often say DELAYED or NOW AT ---. Not ON TIME. My personal experience is to TPA, LAS and PHX. Late every time I have been on it. Sometimes up to 2.5 hours.

Which brings us to this...

Quoting Sideflare75 (Reply 20):
And what do you mean by sloppy dispatch procedures?

I'm on the 7:30am to TPA. Go to the gate and they are hustling out a plane to MCI. It is late. No gate until the MCI flight leaves. It finally leaves and we are told our plane is being towed from the hanger and will just be a minute. (delay time so far: 45-minutes.) About three minutes later a flight from somewhere else arrives and comes into the gate. Ooops, sorry. We have to now take care of this flight and then will board TPA. (delay time: 1 hour.)

It gets worse: we are now told to go to a different gate and they will take the plane there. We all go there and an MD-80 to somewhere else is at that gate. They board. Leave and we wait. Shortly the plane that has just left comes back to the gate. Flight cancelled: mechanical. Now everyone is mad and the gate is full of late passangers going to TPA and cancelled people from the flight that left and came back. (delay time now: 2 hours.)

Finally we are told to go to another gate. That our plane has been there for awhile and we can board immediatly. We did. Then we sat for about half hour while they checked for a light in the cockpit. Total time delayed: 2:45 more or less.

I won't even go into the mechanical delays. There is no reason---no reason---the TPA flight should have been delayed over 2.5 hours because of gate mismanagement. While this is the worst case example, it is a symptom of a deeper issue around these planes. Problems with the MD-80s mushroom into gigantic issues that inconvenience passangers. I do not believe the reliability rate above. As the Tampa pilot said, only partly in just, "Best Care in the Air. Not necessarily on the ground." I replyed, "Roger that!" He laughed.
 
sideflare75
Posts: 417
Joined: Wed May 04, 2005 2:30 pm

RE: YX Posts Profit!

Sun Jul 30, 2006 1:33 am

Quoting TVNWZ (Reply 26):
Then someone is fudging the numbers.



Quoting TVNWZ (Reply 26):
I do not believe the reliability rate above.

Well I can't make you believe the numbers that the company tells us any more than you can make me believe that what you described above was an isolated incident and it sounds like it had nothing to do with the airplane other than the 1/2 hour to fix something in the cockpit. I flew to Florida last month and even though both my flights were packed I made it there and back on time.
 
User avatar
TVNWZ
Posts: 1651
Joined: Fri Feb 17, 2006 9:28 am

RE: YX Posts Profit!

Sun Jul 30, 2006 7:18 am

Quoting Sideflare75 (Reply 27):
Well I can't make you believe the numbers that the company tells us any more than you can make me believe that what you described above was an isolated incident and it sounds like it had nothing to do with the airplane other than the 1/2 hour to fix something in the cockpit. I flew to Florida last month and even though both my flights were packed I made it there and back on time.

I am glad you had no problems. And for the record, not every flight is a problem, though I have never left on time from TPA. Never. I like the airline and will fly it for its Signature service which is truely The Best Care In The Air.

I just ask you this: if there are no delays and everything is hunky-dory, why do they want to replace the MD-80s? And why does YX admit to reliability problems with them?

But, it doesn't matter for me. I quit flying Saver in the spring. And I am the customer you want to keep. In just four months I am Gold-Elite with NW. So, YX may have their reliability figures and I have mine. And I have not yet had a non-weather delay with NW out of MKE.

No, there are problems with these aircraft. And I say again, pull something dependable out of the desert and let's get going.

[Edited 2006-07-30 00:24:33]
 
SkyexRamper
Posts: 1952
Joined: Sun Mar 27, 2005 12:17 am

RE: YX Posts Profit!

Sun Jul 30, 2006 9:49 am

Did everyone read the business section with the big picture of the 717 being pushed.....It's sad to see such a lazy dressed ramper right in the middle of the pic. Skyway ramp uniform policy clearly states that the shirts, whether it's the blue uniform or t-shirt, must be tucked in. Sooo many rampers are very lazy to this simple policy that makes.
Good Luck to all Skyway Pilots! It's been great working with you!
 
n917me
Posts: 492
Joined: Tue Feb 08, 2005 9:18 am

RE: YX Posts Profit!

Tue Aug 01, 2006 9:21 am

Word has it that ZW mx were looking installing the easy bake ovens on the RJ's in the hangar in MKE. Maybe ZW may be awarded the contract?!!
 
User avatar
TVNWZ
Posts: 1651
Joined: Fri Feb 17, 2006 9:28 am

RE: YX Posts Profit!

Tue Aug 01, 2006 11:33 am

In another post I read that they were soliciting bids for the ovens so they could effectively bid the project.

Who is online

Users browsing this forum: ACDC8, AVENSAB727, EasternA300, EGNT, Harshil9, kngkyle, Raventech, rfields5421, rslifkin, thomasphoto60, ua900, ukjohna, United1, Yahoo [Bot], YYCowboy, Zaf, zanl188 and 280 guests