Southwest Airlines Co. Net Income $131 Million for 4th Qtr.

[RedDogC130]

http://finance.yahoo.com/news/Southwest-profit-in-line-with-rb-2994070553.html?x=0&.v=2

 

[Newjetjockey]

How does SWA profit sharing work? Is it quarterly or yearly?

 

[PSL]

In a word ... yearly.

If memory serves, we announce the profit sharing in March for the previous year and the payout is made in September.

 

[Newjetjockey]

How do the numbers/percentages work?

 

[General Lee]

When will the AT joint contract happen? When will those guys start making the same amount as their counterparts at SWA? You gotta do that before that SLI, or else get a USAir type merger.......

Great news on the profit guys!


Bye Bye--General Lee

 

[PSL]

The Transition Agreement is under construction. The SLI's protocol is being worked on simultaneously.

SWA Management sees significant economies of scale which can be gained via the acquisition immediately. Front and center is the issue of scope relief to take advantage(s) of perceived values before the SLI and Transition Agreements are completed.

While I have no details as to the value the company sees from scope relief, it is rumored to be substantial.

As to your other comment that we have to equalize the pay before we proceed with an SLI, I can tell you that has been discussed in great detail and the opinions vary in direct proportion to how much skin a SWA pilot has in the game.

It's no secret that tensions are high and I pray this SLI goes well.

It is a good thing that this forum offers some degree of anonymity, because some of the opinions offered on this and other forums are extreme.

 

[funnyman12]

Unfortunately, from what I've heard, there will not be a joint contract. SLI will be done first. Then, at some point, Airtran will be represented by SWAPA. I also believe that this does put us in danger of a Usair/Awa situation. Yeah im Airtran, so of course I would want the pay sooner. If the unions decide to operate us separately for an extended time and delay the integration it could hurt both sides. An airline cant grow and the synergies that Gary Kelly mentions cannot be achieve without a quick integration. UsAirways has not grown 1% in 5 years due to the complications of the integration. Delta/NWA did it right....joint contract then SLI. I commute on USairways and that is what many of their pilots say. I hope for the best. I do believe that the SLI should have no negative affect on a SW pilot. At the same time there are many ways to integrate the lists while still giving AAI guys a fair integration.

 

[S3sundowner]

Talk about thread creep....simple funnyman. It really is up to the aai pilots. How bad do you want to be represented by swapa? I don't think the majority of the swa pilots will be too concerned about a us airways type scenario. They keep what they have, you keep what you have. Isn't that how it is already? Why should that concern the swa pilots? They have too much to lose, you have too much to gain. Do you think swa would give that much power to aai? I think not. It's called leverage, and swapa has it.

 

[texman]

The Transition Agreement is under construction. The SLI's protocol is being worked on simultaneously.

SWA Management sees significant economies of scale which can be gained via the acquisition immediately. Front and center is the issue of scope relief to take advantage(s) of perceived values before the SLI and Transition Agreements are completed.

While I have no details as to the value the company sees from scope relief, it is rumored to be substantial.

As to your other comment that we have to equalize the pay before we proceed with an SLI, I can tell you that has been discussed in great detail and the opinions vary in direct proportion to how much skin a SWA pilot has in the game.

It's no secret that tensions are high and I pray this SLI goes well.

It is a good thing that this forum offers some degree of anonymity, because some of the opinions offered on this and other forums are extreme.

The question is how long will the relief last. We fought hard to get section one as tight as we have. So we make money and grow the SWA side? How would the AT pilots feel? After we grow the SWA substantially then we integrate list and put them under our rates and contract, but will SWAPA represent them after the purchase? So much BS. I hope that this goes well for all.

 

[Green Banana]

$240,000 profit with each airplane.
Is that good?

 

[Skyboy722]

$240,000 profit with each airplane.
Is that good?

To be honest, with all the talk of "record" this and "record" that, I'm a little dissapointed.

But on the other hand.... 38 straight years. Not at all dissapointed about that.

 

[Dan Roman]

$240,000 profit with each airplane.
Is that good?

That's an interesting way of looking at profits. I'm surprised I haven't heard that perspective used before. By any chance is there a list of the different airlines broke down that way or did you just do the math?

 

[Newjetjockey]

Any info on profit sharing?

 

[moochild11]

Alaska made over one million in profit per airplane for 2009...they have made 1.9 million per airplane for 2010 without their 4q results..

 

[RedDogC130]

Any info on profit sharing?

Someone said they heard 10% but not sure how accurate that is...would be nice if true.

 

[funnyman12]

Im sorry guys, if anyone at SWA does not mind a US/AWA scenario they may not fully understand the negative affects on your careers. A split company goes against the culture that has made SW so successful. From an economic side it would be potential long term suicide. A strong Delta and new United will take advantage off any weakness. A US/AW scenario is a huge weakness. Pilots often stupidly shoot themselves in the foot.

 

[yoyoma]

Im sorry guys, if anyone at SWA does not mind a US/AWA scenario they may not fully understand the negative affects on your careers. A split company goes against the culture that has made SW so successful. From an economic side it would be potential long term suicide. A strong Delta and new United will take advantage off any weakness. A US/AW scenario is a huge weakness. Pilots often stupidly shoot themselves in the foot.

the culture died the second this "merger" was announced. we dont care about how happy anyone is anymore.

 

[SKC]

the culture died the second this "merger" was announced. we dont care about how happy anyone is anymore.

I don't think that's true at all. I think care needs to be taken to preserve it as the integration proceeds, but nothing has physically changed in the company to cause it to die. The culture is largely a mindset and if you choose to let it die, it will.

It seems that some have already decided this is going to be a bad thing before they've even given it a chance to work. I hope the vocal minority don't screw this up for the rest of us that think it has a chance to be a good thing for SWA.

 

[General Lee]

Talk about thread creep....simple funnyman. It really is up to the aai pilots. How bad do you want to be represented by swapa? I don't think the majority of the swa pilots will be too concerned about a us airways type scenario. They keep what they have, you keep what you have. Isn't that how it is already? Why should that concern the swa pilots? They have too much to lose, you have too much to gain. Do you think swa would give that much power to aai? I think not. It's called leverage, and swapa has it.

Sorry, that's not how it will work. How bad do you want the famous "SWA CULTURE" to stick around? Sounds like you don't want it at all. Get over your cocky self and move for a joint contract first, and then the SLI. If you don't, you WILL BE THE NEXT USAIR. Enjoy. And, WALL ST is incharge, not you.


Bye Bye---General Lee

 

[ATLplt]

Sorry, that's not how it will work. How bad do you want the famous "SWA CULTURE" to stick around? Sounds like you don't want it at all. Get over your cocky self and move for a joint contract first, and then the SLI. If you don't, you WILL BE THE NEXT USAIR. Enjoy. And, WALL ST is incharge, not you.


Bye Bye---General Lee

He's not a Southwest pilot...just an outsider with his face pressed to the glass.