SWA profits off 77%

[B737Dvr]

And if you know that then why have you not picked up that the math doesn't work that simply?

The health of our company is represented by the .19 a share. If you take into consideration the cost of the failed UK terrorist plot, we would have beat Wallstreet expectations.

and to the other person that re-iterated that Wn missed by 1 cent:

According to both of your theories the majors can all say that without 9/11 and without the cost of fuel they would all be beating expectations as well!
you cannot say that you really missed by 1 cent, you guys missed by a whole lot, and the terrorist setback is a part of the risk factor that we all have to deal with......what's next? you guys in one year or so from now are going to say that well....without the lawsuit payout to the child that got killed at MDW our losses wouldnt have been that bad? c'mon!

the health of your company is represented by it's ability to stay in the black, which i believe it should be able to......the 20-25% question is will it be with or without the said concessions......

The lifting of the wright amendment will help, but not for a couple of years, so until then you're people will just have to connect for a while but that should help!

I hope you guys do get a raise, you all move your ass and make the 20min turns a reality and Gary should recognize that.......but show us all how to do it with the coming balance sheet projections!

 

[scoreboard]

and to the other person that re-iterated that Wn missed by 1 cent:

According to both of your theories the majors can all say that without 9/11 and without the cost of fuel they would all be beating expectations as well!
you cannot say that you really missed by 1 cent, you guys missed by a whole lot, and the terrorist setback is a part of the risk factor that we all have to deal with......what's next? you guys in one year or so from now are going to say that well....without the lawsuit payout to the child that got killed at MDW our losses wouldnt have been that bad? c'mon!

the health of your company is represented by it's ability to stay in the black, which i believe it should be able to......the 20-25% question is will it be with or without the said concessions......

The lifting of the wright amendment will help, but not for a couple of years, so until then you're people will just have to connect for a while but that should help!

I hope you guys do get a raise, you all move your ass and make the 20min turns a reality and Gary should recognize that.......but show us all how to do it with the coming balance sheet projections!

The point is, the write-offs taken were for things that could be averaged throughout the year, or years, we bought an unplanned -700s for cash for christ sake, expensed in this quarter!! Why would a CEO do that? Impact.

from our filing:

The unrealized items consist of gains or losses
for derivative instruments that will settle in future accounting periods
or gains or losses that have been recognized in prior period results, but
which have settled in the current period.

I hope we don't get a raise, unless it's realistically achievable, other than cost of living. By the way, we pilots, have little to no impact on a 20 minute turn, it's all about the ramp, they get there contract next year.

 

[castle bravo]

What part of "One time write-off" didn't you understand?



If that's the case, sounds like a good time to grab LUV shares?

 

[scoreboard]

What part of "One time write-off" didn't you understand?



If that's the case, sounds like a good time to grab LUV shares?

Nope, never buy airline stock.

 

[Aplus9]

Well, let me be first to say ******************** off.:smash:

Second, it's negotiating time, so guess what everybody, Gary is gonna expense everything he can to write down even more debt, all the while making it look like doom and gloom. Please, we missed projection by 1 cent. You all need to be over on the other thread congratulating Continental, good job there.

For SWA, it's all a game of smoke and mirrors till a contract is signed, hang on for the ride.

If I use that logic...the next 5-6 quarters are going to be "flat" and below expectations until the new contract is signed. Not looking forward to the next FA's contract negotiations, that will be brutal on our stock.:bawling:

 

[YourPilotFriend]

SWA pilots make $0.005 per mile per seat of the $0.0323 in labor costs ) That's captain and copilot together.

 

[SWA GUY]

You Sir, are a man with no class.

 

[YourPilotFriend]

SWA pilots could get double their pay by increasing fares $9 in their cost structure.

 

[LearAv8r]

you guys in one year or so from now are going to say that well....without the lawsuit payout to the child that got killed at MDW our losses wouldnt have been that bad? c'mon

It is my understanding that it has been settled already. Sorry to disappoint you

The lifting of the wright amendment will help, but not for a couple of years, so until then you're people will just have to connect for a while but that should help!

The through ticketing is starting this week and the through flights as well. I believe that the preliminary estimate was around $40 million additional per year. (don't quote me on the exact number though) We don't have the aircraft to accommodate the schedule properly if it went completely away.

Of course you guys are right there for the first hiccup! If everything isn't exactly perfect, you are ready to claim that the sky is falling and that we are losing big time because of the hedges or whatever.

Try focusing your attention on your own airline instead of wishing for others to fail!

(but of course this is flightinfo...I should have expected that from this crowd)

 

[Mach 80]

I thought SWA always paid cash for their airplanes.

 

[scoreboard]

If I use that logic...the next 5-6 quarters are going to be "flat" and below expectations until the new contract is signed. Not looking forward to the next FA's contract negotiations, that will be brutal on our stock.:bawling:

You are correct, expect it.

 

[LearAv8r]

I thought SWA always paid cash for their airplanes.

Not always. We do lease a small percentage of them mostly for tax purposes I was told.

 

[GuppyWN]

I'm embarassed by my SWA bros. rants and pissing contest posts. Boys.... Q3 sucked compared to what I thought it was going to be.

I'm not saying the sky is falling but we should use this as the reminder that it is. We are not infallable. We must keep our eye on the ball and pull our weight. All you have to do is look at the United boys to see what all thrust and no vector gets you.

Gup

 

[GuppyWN]

posting doubled.

Gup

 

[SWAdude]

I'm embarassed by my SWA bros. rants and pissing contest posts. Boys.... Q3 sucked compared to what I thought it was going to be.


Gup

I am never embarassed by my SWA bros. defending themselves against the few that would actually be happy about our demise.

We are OK. There will always be times in this business of narrow margins that don't go as well as we hoped. We will not have those kind of right offs very often.

Our relative health is really shown by the .19 per share profit.

 

[Sluggo_63]

Our relative health is really shown by the .19 per share profit.

It wasn't .19 per share, it was .06 per share.

You have to be fair both ways.

I like you guys. In previous quarters, when people posted "well, SWA would have lost money without hedges," I agree with you guys that the answer is "doesn't matter... we have the hedges."

You can't turn around now and say, "well, if we didn't have the write-off on the hedges, we would have made .19." You did have the write off and you made .06 per share. At least play by the same rules quarter to quarter.

You guys are fine. Don't worry. Just be honest on here.

 

[LUVChild]

SWA pilots could get double their pay by increasing fares $9 in their cost structure.

I always get tickled when I see people make brilliant suggestions like this.

Do your research...Southwest has already raised fares several times.

You can only raise fares so many times until the customers say, "It ain't worth it." Then they'll either fly on your competition...or they won't fly at all. Southwest is a low-cost, no-frills carrier. Period. Just a few days ago, Gary said we were already seeing some resistance to our last fare increase.

And you suggest raising our fares again?

Of course, if you had half a clue of what you're talking about, you wouldn't even suggest such a thing, but then again, I suspect your motives are more about helping yourself rather than Southwest. Stop trying to play "Airline CEO" and educate yourself as to some basic airline economics. Then accept that when it comes to running an airline, Gary Kelly has you beat.

 

[MRYFLYER]

And you suggest raising our fares again?

No lower your fares to deeper levels.

Stop trying to play "Airline CEO" and educate yourself as to some basic airline economics. Then accept that when it comes to running an airline, Gary Kelly has you beat.

I would say that Herb had the rest of the pack beat. Kelly is just trying to figure out how to run the show and the score card is not nearly as good as Herb's. So far he has experimented with assigned seating, the Walmart gift cards, been sued by employees and passengers at a fairly quick clip, and suffered the airlines first accident that resulted in loss of life. Is SWA dead? Nope. Is it listing? Perhaps, time will tell.

 

[YourPilotFriend]

I always get tickled when I see people make brilliant suggestions like this.

Do your research...Southwest has already raised fares several times.

You can only raise fares so many times until the customers say, "It ain't worth it." Then they'll either fly on your competition...or they won't fly at all. Southwest is a low-cost, no-frills carrier. Period. Just a few days ago, Gary said we were already seeing some resistance to our last fare increase.

And you suggest raising our fares again?

Of course, if you had half a clue of what you're talking about, you wouldn't even suggest such a thing, but then again, I suspect your motives are more about helping yourself rather than Southwest. Stop trying to play "Airline CEO" and educate yourself as to some basic airline economics. Then accept that when it comes to running an airline, Gary Kelly has you beat.

Exactly my point, I'm not saying raise fares, I'm simply pointing out the economy of scale of the airlines. I think you need to realize that SWA is the cause of its own coming problems. When you create a cost structure that no longer supports your type of business, you are doomed to failure in a volatile market. The sucess of the SWA business model is based on the lean cost structure the airline offers. However, in a perfect world airlines should fail to SWA's perfect business model, instead through bankruptcy, other airlines have been able to match or in some cases beat it. Now on the level playing field airline customers are going to be drawn in on type of services and convience rather than just cost.

 

[GuppyWN]

Southwest is our own worst enemy. We have done it so well for so long that the pain level for the others got too high. Therefore they adjust their product to be more like ours. Look at Ted. They didn't just pull that our of their butts. Look at Frontier and Jetblue. Single class cabins. We never offered food. Now the others don't have it cause it costs money. Look at the turn times. Look at the hedges.

The list goes on and on. I'm not trying to sell out my brothers. I've got your back and know you've got mine. What I'm trying to say is we must always look over our shoulder cause they're coming for us. We must continue to improve our product and eliminate mistakes.

As pilots, get the strollers. Push the wheelchairs. Be "nice" on the PA. Go the extra mile. Flying the jet is easy. It's the personality of each of us that will keep Good Ole Southwestern Airways a mile ahead of the rest.

May you taxi fast and have power off approaches,
Gup

 

[lowecur]

Second, it's negotiating time, so guess what everybody, Gary is gonna expense everything he can to write down even more debt, all the while making it look like doom and gloom. Well there's a vote a confidence for ol' Gary. Pigeonholing him with the other "Hall of Fame" mgt teams of the legacys. One thing Gary has always done is to shoot straight to the employees. He's not going to insult your intelligence by patronizing to the media that things aren't going well. It's too easy for anyone with common sense (including SWAPA) to buy into false negatives on the P&L. Please, we missed projection by 1 cent. You all need to be over on the other thread congratulating Continental, good job there.

For SWA, it's all a game of smoke and mirrors till a contract is signed, hang on for the ride.

Hopefully, you are kidding.

imp:​

 

[Bosley]

No lower your fares to deeper levels.

Maybe as low as Ted's fares??

I would say that Herb had the rest of the pack beat. Kelly is just trying to figure out how to run the show and the score card is not nearly as good as Herb's.

Tilton and Goodwin are such Genuises!:laugh: How many $$millions was spent on the failed corporate jet operation?:laugh: Let's not forget Wolfe, the man was a genius, he made millions off the backs of the ual employees!:beer: Come on 32, you're making it too easy!

So far he has experimented with assigned seating, the Walmart gift cards, been sued by employees and passengers at a fairly quick clip, and suffered the airlines first accident that resulted in loss of life.

Only a scumbag POS like you would take a cheap shot like that! how many lives were lost at the incompetence of ual?

Is SWA dead? Nope. Is it listing? Perhaps, time will tell.

I tell you what, you can wish in one hand and crap in the other, see which one gets filled first. Have a nice day intern boy! BTW, keep the love notes coming, its getting more hilarious by the message. If you weren't so pathetic, I'd feel sorry for your dumb a$$!

 

[Irishav8r]

Hey Lowecur! Since you like movie clips as your Avatar, why don't you change your current one to this? I would really appreciate it. Caddy Shack just doesn't fit you!

http://www.funnyclipcentral.com/content/buttmonkey.php

 

[Andy]

Southwest is doing fine. Excluding one time charges, you had decent numbers. Not blow-away Wall Street numbers (which is what the crowd now expects), but they're still decent numbers.
And in the airline industry ANY profitable quarter is good.

 

[GuppyWN]

Andy..... you don't get it. We won't be happy until there is world domination!

Gup :uzi:

 

[Green]

I hope we don't get a raise, unless it's realistically achievable, other than cost of living. .

I've never heard a pilot say that before. I'm sure SWA would let you give back a portion of your paycheck.

 

[MRYFLYER]

Maybe as low as Ted's fares??

Brilliant comment.

Tilton and Goodwin are such Genuises!:laugh: How many $$millions was spent on the failed corporate jet operation?:laugh: Let's not forget Wolfe, the man was a genius, he made millions off the backs of the ual employees!:beer: Come on 32, you're making it too easy!

Well the difference would be both of those guys are gone. The new guy (tilton) is here and so far he has done what he said he would do. As far as Goodwin goes he gave us the highest pay rates in the industry. Kelly is uncharted waters for a SWA CEO. But again, is this thread about UAL or SWA?

Only a scumbag POS like you would take a cheap shot like that! how many lives were lost at the incompetence of ual?

The only comment was that he was the president that has handle something Herb never did. In fact save the recent events SWA has an admirable safety record. Perhaps they just need to refocus on the areas where they are lacking and it will be a non issue. But The entire script was about the issues that Kelly has had to deal with versus Herb. I ask you is this about UAL or SWA? You are not focusing on this thread very well.

 

[B737Dvr]

hmmmmm........

I always get tickled when I see people make brilliant suggestions like this.

Do your research...Southwest has already raised fares several times.

You can only raise fares so many times until the customers say, "It ain't worth it." Then they'll either fly on your competition...or they won't fly at all. Southwest is a low-cost, no-frills carrier. Period. Just a few days ago, Gary said we were already seeing some resistance to our last fare increase.

this is what im most curious about. now that the fare gap is narrow and going to get narrower between the LCC's and the legacies will the flying public remain loyal to the LCC's, or will they now say......for a similar price, i'd rather fly on CAL coast to coast at dinner time and get fed food, get one pass miles on a global network, take advantage of what they offer above the no frills and the terra chips? to me, keeping fares low was and is crucial to the LCC's model to their success and to bleeding the big guys to death! they almost succeeded, but oil prices are keeping everyone honest and with much slimmer legacies, it really is going to get interesting. SWA for sure has upcoming balance sheet problems, they must raise fares (revenue) to stay in the black, and the legacies will be there to match them the second they do so further strenghtening their position.

And you suggest raising our fares again?

if not then get ready to join the rest of the concession plagued industry.
This is not just a WN problem, this is an industry problem.....why are we the only bunch of dumbasses that dont pass on the costs to the consumer. If it is done on an industry level equally, where everyone does it, the public will just have to swallow it. people need to fly they will fly, just like people deal with the stupid energy charges on your room bill in cali....yes you will get resistance, but the transferance of wealth from the airline workers to the flying public needs to goddang stop. i do not want to subsidize joe bloes $110 transcon roundtrip anymore while swallowing the rising cost of fuel via concessions, salary freezes, or other crap.

Of course, if you had half a clue of what you're talking about, you wouldn't even suggest such a thing, but then again, I suspect your motives are more about helping yourself rather than Southwest. Stop trying to play "Airline CEO" and educate yourself as to some basic airline economics. Then accept that when it comes to running an airline, Gary Kelly has you beat.

Someone made a comment about WN buying an airplane for full cash and then taking that charge in 1 quarter as posturing......i am all ears as to why an airline would do this? other than true posturing come contract time, which isnt very herb-like.......what gives?

 

[B737Dvr]

above post.....

i dont know how to copy and then post several times, but in the above post my comments in the blue box are in bold italics......

********************, i bet my cousin in 3rd grade could school me on that! lol

 

[instructordude]

Those payrates are incredible. Better than what we get at Gojets.http://airlinepilotcentral.com/airlines/major-national-lcc/southwest.html