Category Archives: Atlantic Southeast Airlines

SkyWest plans to complete the ExpressJet acquisition today

SkyWest (St. George) today (November 12) plans to complete the acquisition of ExpressJet Airlines (Houston) according to this article by The Salt Lake Tribune.

Both ExpressJet Airlines and Atlantic Southeast Airlines (ASA) (Atlanta) will operate as separate airlines until their two AOCs can be merged in 2011.

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Copyright Photo: Brian McDonough. Please click on the photo for additional information.

SkyWest earns $25.5 million in the third quarter

SkyWest, Inc. (St. George) today reported operating revenues of $686.9 million for the quarter ended September 30, 2010, compared to $637.7 million for the same period last year. SkyWest also reported net income of $25.5 million, or $0.45 per diluted share, for the quarter ended September 30, 2010, compared to $28.6 million of net income, or $0.50 per diluted share, for the same period last year.

SkyWest also reported operating revenues of $1.97 billion for the nine months ended September 30, 2010, compared to $2.01 billion for the same period last year. SkyWest reported net income of $59.1 million, or $1.04 per diluted share, for the nine months ended September 30, 2010, compared to $64.2 million, or $1.13 per diluted share for the same period last year.

On August 4, 2010, SkyWest announced that it entered into a definitive merger agreement with ExpressJet Holdings, Inc. (“ExpressJet”) whereby Atlantic Southeast proposed to acquire all of the outstanding common stock of ExpressJet for $6.75 per share in cash, representing a net purchase price of approximately $133 million after giving effect to shares of ExpressJet common stock already owned by Atlantic Southeast. On September 13, 2010, SkyWest and ExpressJet jointly announced that the parties were notified by the Federal Trade Commission that it granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for the proposed acquisition. ExpressJet has filed definitive proxy materials with the Securities and Exchange Commission and has scheduled a meeting of its stockholders on November 10, 2010 for the purpose of voting on the proposed transaction. Both parties currently anticipate the transaction will close during the fourth quarter of 2010.

SkyWest Airlines, based in St. George, UT, and Atlantic Southeast, based in Atlanta, GA are wholly-owned subsidiaries of SkyWest. SkyWest Airlines operates as United Express and Delta Connection carriers under contractual agreements with United and Delta. SkyWest Airlines also has entered into a marketing agreement with AirTran. Atlantic Southeast operates as Delta Connection and United Express carriers under contractual agreements with Delta and United. System-wide, SkyWest serves a total of approximately 225 cities in the United States, Canada, Mexico and the Caribbean, with approximately 2,800 daily departures.

Copyright Photo: Jay Selman. Please click on photo for more information.

SkyWest reports 2Q net income of $18.7 million

SkyWest, Inc. (St. George) reported operating revenues of $649.8 million for the quarter ended June 30, 2010, compared to $698.8 million for the same period last year. SkyWest also reported net income of $18.7 million or $0.33 per diluted share, for the quarter ended June 30, 2010, compared to $26.2 million of net income or $0.46 per diluted share, for the same period last year.

At June 30, 2010, SkyWest’s fleet totaled 452 aircraft, consisting of 404 regional jets (232 assigned to Delta Connection, 168 assigned to United Express, four assigned to AirTran Airways) and 48 Embraer EMB-120 Brasilia aircraft (36 assigned to United Express and 12 assigned to Delta Connection).

Today SkyWest announced it had agreed to purchase ExpressJet Holdings which includes ExpressJet Airlines which will be merged into Atlantic Southeast Airlines.

Copyright Photo: Jay Selman. Painted in the old house colors, SkyWest Airlines’ Bombardier CRJ200 (CL-600-2B19) N947SW (msn 7786) prepares to land at Las Vegas.

SkyWest to acquire ExpressJet, to be merged into Atlantic Southeast

SkyWest, Inc. (St. George) announced today (August 4) that it has entered into a definitive merger agreement with ExpressJet Holdings, Inc. (ExpressJet Airlines) (Houston), whereby Atlantic Southeast Airlines, Inc. (Atlanta), SkyWest’s wholly-owned subsidiary will acquire all of the outstanding shares of common stock of ExpressJet Holdings, Inc. (“ExpressJet”) for $6.75 per share in cash, representing a net purchase price of approximately $133 million after giving effect for shares already owned by Atlantic Southeast. ExpressJet’s primary operating entity is ExpressJet Airlines, Inc. The definitive merger agreement has been unanimously approved by the SkyWest and ExpressJet boards of directors. The transaction is not subject to financing conditions, but is subject to receipt of certain regulatory approvals, approval of ExpressJet stockholders and other customary conditions. The parties currently anticipate that the transaction will close during the fourth quarter of 2010.

Atlantic Southeast Airlines (ASA) (Atlanta) has negotiated the principal terms of a new, long-term, capacity purchase agreement with Continental Airlines, Inc. (“Continental”), which is intended to become effective upon consummation of the ExpressJet merger. Upon completion of the merger, ExpressJet will become a wholly-owned subsidiary of Atlantic Southeast, with the intention of combining the operations of ExpressJet Airlines and Atlantic Southeast, subject to receipt of necessary regulatory approvals, and utilizing Atlantic Southeast’s existing facilities in Atlanta, Georgia as the operating headquarters of the combined company. The parties anticipate that both airlines will continue to operate under separate airline operating certificates until the regulatory process can be completed for combining the airlines under a single operating certificate. Pending receipt of that single operating certificate, Atlantic Southeast intends to transition certain existing ExpressJet support functions to Atlantic Southeast and SkyWest upon consummation of the transaction. Atlantic Southeast and SkyWest believe that ExpressJet employees and passengers will benefit from the merger by building greater efficiencies of scale and capitalizing on growth opportunities.

Copyright Photo: Michael B. Ing. The ExpressJet brand was being retained for its charter division but will now gradually disappear with the upcoming merger. One surprising factor is the diverse fleet differences between ExpressJet (an Embraer operator) and Atlantic Southeast (a Bombardier operator). Embraer ERJ 145XR N11194 (msn 14500940) arrives at Ontario, CA.

Atlantic Southeast Airlines to rehire 42 pilots this month

Atlantic Southeast Airlines (Atlanta), a wholly owned subsidiary of SkyWest, Inc. (St. George), is recalling 42 pilots this month as it adds four Bombardier CRJ700 aircraft to its fleet. The additional aircraft will be integrated into Atlantic Southeast’s Delta Connection program.

Atlantic Southeast furloughed 136 pilots in 2009.

Copyright Photo: Jay Selman. Bombardier CRJ700 (CL–600-2C10) N712EV (msn 10074) climbs away from the runway at Atlanta.

ASA reverts back to Atlantic Southeast Airlines with a new brand

Image: Atlantic Southeast Airlines

Atlantic Southeast Airlines (Delta Connection and United Express) (Atlanta), a wholly owned subsidiary of SkyWest, Inc. (St. George), announced a new brand identity that reflects its strong, forward-moving direction within the regional airline industry. Atlantic Southeast operates more than 80 percent of its flights through Atlanta – the busiest airport in the world – and has improved overall on-time performance by approximately 10 percentage points over the past three years.

In addition to the new brand logo, Atlantic Southeast’s website, http://www.flyasa.com, has been completely redesigned and includes the airline’s “Live connected.” brandscape video. The site is designed to provide useful, easy-to-find information for passengers and features the new Being Atlantic Southeast blog that explores stories of life behind the scenes and on the front lines of Atlantic Southeast Airlines, in addition to useful tips for travelers.

About the new Atlantic Southeast Airlines brand identity:

Color: Red is a historic color in the Atlantic Southeast brand. The shade, PMS 1797, is strong and bold. This was the color used on the original DHC-6 Twin Otters.

Aircraft: The aircraft shape represents regional equipment, and it flies beyond the box to show the dynamic future of the organization. Its position represents the airline’s geographic roots in the Southeast.

Forward-angled box: The “forward-angled box” represents the strong, forward moving direction of the airline’s business.

Grey bar: Represents Atlantic Southeast’s partners that the airline works with to be successful.

Name: The full name clearly states who the airline is and is a source of pride for employees.

Newspaper link:

http://www.ajc.com/business/atlantic-southeast-airlines-changes-532764.html