Skywest Airlines Share Discussion Threads

[atlantic1953] 05/9/2009 08:35

When do we expect the next update and year end accounts.Is the end of september realistic.

[sagem] 30/8/2009 10:11

AND TO THINK THAT SKYWEST WILL BENEFIT FROM ALL THIS GAS...WHAT HUGE POTENTIAL SKYWEST HAVE ;-

Financial News
Sunday August 30, 04:42 AM
LNG boom to make Australia 'Middle East of gas'

By Neil Sands

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MELBOURNE (AFP) - Australia is poised to become "the Middle East of gas" as Asia's rapidly growing economies queue up to buy its vast reserves in liquid form, according to analysts.
The government last week approved the massive Gorgon liquefied natural gas (LNG) project off Western Australia, which Prime Minister Kevin Rudd said would cost 50 billion dollars (41 billion US) to build and would generate 6,000 jobs.

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The joint venture by Chevron (NYSE: CVX - news) , Shell (LSE: RDSB.L - news) and ExxonMobil is already underpinned by supply contracts with China and India worth more than 60 billion US dollars, and more customers are likely to sign up before it begins operating in 2014.
Gorgon is just one of a clutch of LNG projects planned in the next decade that analysts say will pump tens of billions of dollars into the economy and see Australia challenge Qatar as the world's major gas exporter.

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Hailing Gorgon's 41 billion US supply contract with PetroChina this month -- the largest trade deal in Australian history -- the government said LNG was an important part of the country's future prosperity.
"This unprecedented export deal confirms Australia?s importance as a global energy superpower supplying vital clean energy resources and technologies to China and our other Asia-Pacific (002790.KS - news) trading partners," Resources Minister Martin Ferguson said.

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Asian demand for coal and iron ore have helped Australia's economy avoid recession during the global downturn but State One Stockbroking analyst Peter Kopetz said LNG was the next boom commodity.
The gas is liquefied for shipping abroad, where it is turned back into gas and distributed via pipeline.

"The numbers are phenomenal. When you look at them it's mind-boggling," he said. "It's going to be LNG boom times."

Australia exported 15.2 million tonnes of LNG worth 5.2 billion dollars in 2006, a figure the government estimates will quadruple to 60 million tonnes by 2015 if all currently planned projects proceed.

"Potentially, there could be many more projects coming on board," Kopetz said, pointing out that new discoveries were being made all the time.

He said Australia had the potential to become "the Middle East of gas" in coming decades as the world's oil supplies dwindled.

"Have a look at the Middle East, how they've benefited over the past 50-60 years from the oil boom," he said.

Western Australia is the centre of the LNG boom with three huge gas fields off its northwest coast: the Carnarvon, Browse and Bonaparte basins.

But Kopetz also points out that Queensland state on the east coast has significant reserves of coal seam gas (CSG), naturally occurring methane trapped by water deep underground that can be converted to LNG.

Shell plans a CSG plant in Queensland expected to produce up to 16 million tonnes of LNG a year, with other energy giants such as Britain's BG Group (LSE: BG.L - news) , ConocoPhillips, and Malaysia's Petronas also developing projects in the area.

Despite the proliferation of LNG schemes, EL&C Baillieu head of research Ivor Ries said there was sufficient demand from Asia.

He said existing LNG fields in Malaysia and Indonesia were coming to the end of their operational life, creating a market for Australian gas.

Asian buyers were also keen to source gas from Australia rather than outside the region because it offered a secure supply, Ries said.

"If you're in Asia, you don't have to route your ships through a war zone, which is the Middle East, and the distance is shorter," he said.

However, not everyone is happy about Australia's rush to exploit its LNG reserves, with green groups raising concerns that environmental factors are being neglected.

Environment Minister Peter Garrett has conceded Gorgon is "greenhouse-gas intensive" and could raise national emissions by up to one percent if ambitious plans to pump carbon dioxide emissions into the seabed fail.

But while Garrett included 28 conditions in his Gorgon approval designed to protect the environment, Ries said the government was determined to develop LNG resources (0025.KL - news) .

He said the industry had the potential to overtake coal as the country's most valuable export, generating jobs, boosting the economy and filling government coffers with tens of billions of dollars in tax revenue.

"The tax figures are quite exciting for government. If all these projects go ahead, Canberra and the states of Queensland and Western Australia would be awash with cash," he said.

[sagem] 30/8/2009 08:12

now is the time to get into this company as the shares at the present time are totally undervalued for the potential that this Airline offers especially the Gorgon Project that will lead to a new wave of resource industry prosperity and development for SKYWEST.


SKYWEST AIRLINES LTD

("Skywest" or "the Company")



Skywest Airlines anticipates capacity boom with new North West Shelf gas venture



Skywest, Western Australia's ("WA") premier airline is expected to benefit from a significant increase in capacity. This follows the recently announced A$50 Billion Gorgon Project - the biggest ever trade deal in Australia's history. This is expected to lead to a significant infrastructure and employment boon for WA over the coming decades and will be Australia's largest ever resources development.


Skywest Airlines already flies the bulk of employees to the region under its existing "fly-in fly-out" charter contracts on behalf of various mining customers and is also the primary provider of reliable air travel to the North West Shelf's major service hubs such as Karratha, and Exmouth.


Anticipating that the Gorgon Project can lead to a new wave of resource industry prosperity and development in Western Australia, Skywest Chairman, Jeff Chatfield, commented:


"The Company is considering further expansion of the existing route network to towns such as Onslow. This will facilitate any future travel and support infrastructure requirements due to the Gorgon Project."


Skywest has also recently added services between Geraldton and Carnarvon with connections to Karratha. These new service additions have been well received by the public and business alike.


Last week, the Company added another F100 jet to its Perth-based fleet of fifteen high capacity aircraft.


It is expected that these investments will in turn have many spin-off benefits for regional communities and the people of Western Australia.


New safety and tracking features will soon be introduced by the airline in an extensive fleet upgrade that sees the installation of an integrated Global Navigation Satellite System (GNSS) into its entire fleet of 100-seat Fokker jets. The integrated GNSS will not only deliver more accurate aircraft tracking performance, which will allow for shorter approaches at night and in bad weather, but will also save time and fuel as well as significantly enhance safety and schedule reliability. The system will allow operation at night to certain mining related airports that would be impossible in previous circumstances. Skywest understands that it will be the first operator to have such facilities in operation in Australia.


Jeff Chatfield said:


"The installation of the GNSS system will allow us to meet the demand that the Gorgon Project will create as well as the many other exciting new developments in the West Australian resources sector. GNSS will give us the enhanced capability to increase the number of overall flights per day and allows us to land at night at the remote and unattended airfields typical of the major mining operations."


The GNSS system would ensure the Fokker 100 remains a jet suitable for the missions undertaken by Skywest for years to come.

[sagem] 25/8/2009 06:27

We are not flying high yet even with this mention in the Daily Mail.....we need company news for confidence.

[argy2] 21/8/2009 13:07

Must be a Geoff Foster mention.He and TW seem to have some kind of commercial arrangement.

[shanksaj] 21/8/2009 12:54

From Daily Mail :-

"Up, up and away flew Skywest Airlines, 1⅛p higher at 8⅞p, after Australia's premier airline said it expects to benefit from a significant increase in capacity. The recently announced AS$50billion Gorgon Project, the biggest ever trade deal in Aussie history, should lead to an infrastructure and employment boom for Western Australia. SkyWest already flies the bulk of mining employees to the region."

Read more:

[orado] 17/8/2009 11:44

Tipped Tubby Winny for years now!!!!
So what.

[fl4nders] 17/8/2009 11:23

Tipped as a "strong buy"
And pay a dividend as well.

[leaderzzz] 14/8/2009 07:23

RNS Number : 4312X
Skywest Airlines Limited
14 August 2009




14 AUGUST 2009



SKYWEST AIRLINES LTD

('Skywest' or 'the Company')


Skywest Airlines Expands Its Fleet



Skywest Airlines, Western Australia's largest regional airline, has signed a sale and purchase agreement to acquire a Fokker 100 jet from a leading aerospace company.

The purchase price of the aircraft is US$4,050,000. A further US$950,000 will be spent refurbishing the aircraft interior and exterior and securing CASA (Civil Aviation Safety Authority) approval. The consideration will be paid by Skywest from existing cash reserves and from cash flows over the next six months. It is likely that the aircraft, once commissioned will be sold and leased back from one of Skywest's associated leasing companies.

This additional aircraft will lower Skywest's costs for the cross hire of aircraft from other airlines and will increase Skywest's fleet to 16 aircraft.



Jeff Chatfield, Chairman of Skywest, commented:


'Skywest is now in a position to further capitalise on the significant growth opportunities in the mining and resource sector all over Western Australia. Additionally, this extra aircraft will enable an increase in operations to our key routes and should improve overall operational reliability.'



--ENDS--


nice to see some expansion plans.. good for holders IMHO

[stluke] 11/8/2009 10:31

Thanks again, looking to pick up a few myself.

[themoneymonster2] 11/8/2009 10:26

I haven't, Tom W mentioned it on t1ps.com last night, says been buying for the divi as well as massive upside.
Bought between 6.75 and 7.5p over last few days I think

[stluke] 11/8/2009 10:25

cheers tmm2 have you got any more info or a link?

[themoneymonster2] 11/8/2009 09:30

t1ps fund has bought in

[stluke] 11/8/2009 09:27

Anyone have a reason for sudden interest and share price movement this morning?

[napoleon 14th] 27/7/2009 07:57

Not fun for anyone ATM:



However, SKYW has a different business plan, & confidence is returning to the mining & expl. sector anyway...

I still hold.

[standish11] 11/6/2009 21:01

March 09 operating stats published on 8 April.April stats published on 7 May.Why the delay in publishing May 09 stats I wonder.

[qs9] 22/5/2009 11:21

anyone got the latest broker forecasts, thanks al ot

[pranchalee] 21/5/2009 17:20

Bought in today had to buy in three lots plenty of upside

[chrissey] 21/5/2009 17:00

needs to do if you want to make money on this spread.

[pranchalee] 21/5/2009 16:23

steady little rise heading for double figures

[knowing] 17/5/2009 21:28

Brown nose

[wiganer] 17/5/2009 21:25

wozelbeak - 25 May'08 - 09:51 - 62 of 118
as usual you have picked on a company (SKYW) which is probably one of the soundest investments on AIM.

[napoleon 14th] 17/5/2009 21:09

I read elsewhere that evil K has gone soft on these & is hoovering them up....

Over the next 12 months IMHO there's a bagger here.

I have held since 2007.

[berny3] 07/5/2009 10:00

wozelbeak any chance you could put the plus link posted by knowing onto here into the header of this board

[standish11] 06/5/2009 11:02

Share price continuing to edge higher.Good April operating stats expected?