Southwest Airlines post good 2nd qtr numbers

[swaflyguy]

Excluding items, net income was $273 million, or 36 cents a share. Analysts had estimated 33 cents. Including items, primarily unrealized losses related to fuel hedging, net income was $228 million, or 30 cents a share, compared with $161 million, or 21 cents, in the same quarter a year earlier. Revenue rose 11.6% to $4.6 billion, in line with estimates.

Operating income, excluding special items, was $485 million compared with $276 million a year earlier.

"We are producing very strong results despite a fragile economic environment," said CEO Gary Kelly, in a prepared statement. "Record revenues driven by steady growth were sufficient to overcome high jet fuel prices and produce a record operating income of $485 million."

Kelly said the merger with AirTran produced $80 million in net, pretax synergies in the first half of 2012 and is expected to produce $400 million in 2013, excluding acquisition or integration expenses.
*****

 

[SIG600]

Congrats guys. Keep it up.

Now if the economy could just turn the corner.

 

[4day]

GK Company voice mail. "The AirTran business performed very well, and really it was the AirTran business that pushed us over the top there to hit those records. " Your welcome.....

 

[BR715]

But you can't pay AirTran pilots the same as a SWA pilot. Just keep listening to the bs phone messages from GK and Bob Jordan that say we are one family.

 

[General Lee]

GK Company voice mail. "The AirTran business performed very well, and really it was the AirTran business that pushed us over the top there to hit those records. " Your welcome.....

Doesn't AirTran still charge for bags? Just sayin....


Bye Bye---General Lee

 

[Dash Power]

GK Company voice mail. "The AirTran business performed very well, and really it was the AirTran business that pushed us over the top there to hit those records. " Your welcome.....

Really?

 

[Dash Power]

Doesn't AirTran still charge for bags? Just sayin....


Bye Bye---General Lee

Doesn't Delta has like 15 billion dollars in debt they need to manage while using bankruptcy as a way to stay in business?

Oh....Just sayin....uke:

 

[Sy-bill]

Doesn't AirTran still charge for bags? Just sayin....


Bye Bye---General Lee

Glass houses General. Glass houses.

Be happy for them. Your future is directly tied to their success. And theirs to yours.

And yes, Delta's debt can be a SERIOUS problem in a nano second. But you have the "gift" of talking yourself into believing otherwise. You seem to be very good at that.

 

[learherkjay]

But you can't pay AirTran pilots the same as a SWA pilot. Just keep listening to the bs phone messages from GK and Bob Jordan that say we are one family.

No offense, but wasn't that a known factor on the SLI you guys overwhelmingly approved? Don't try to re-write history.

 

[4day]

No offense, but wasn't that a known factor on the SLI you guys overwhelmingly approved? Don't try to re-write history.

So was keeping the 717 until lease expiration.

 

[scoreboardII]

Anyone can make hundreds of millions as long as your defer projected purchases (expense) and keep flying the old tired metal around (liability).

 

[fletch717]

No offense, but wasn't that a known factor on the SLI you guys overwhelmingly approved? Don't try to re-write history.

I can only hope GK and company puts the same gun to your head on your next contract, you guys are in for a rough ride. Pain is coming, mark my words.

 

[learherkjay]

I can only hope GK and company puts the same gun to your head on your next contract, you guys are in for a rough ride. Pain is coming, mark my words.

Look, you can be bitter if you want, have fun with that. I don't wish ill will on anyone and if your hoping for me to have a gun held to my head - keep in mind that's your future contract. My post was to point out that you are whining about a known quantity that you voted on and approved as a pilot group. Nothing more nothing less. And there were no concrete statements about the 717 staying around, it was obvious GK wanted to get rid of them. Best of luck to you, only you can choose your level of happiness.

 

[4day]

Typical SW "Get over it" Response. You have no idea whats going on over here. Until you walk a mile in another mans shoes as they say.

 

[ATLplt]

Typical SW "Get over it" Response. You have no idea whats going on over here. Until you walk a mile in another mans shoes as they say.

They don't even have a hint of a clue. Where is the denial ass, so I can stick my head up it as well? Must be at HQ in Dallas. Seems most on this site have already visited.

 

[K-Mart]

I can only hope GK and company puts the same gun to your head on your next contract, you guys are in for a rough ride. Pain is coming, mark my words.

Fee-fi-fo-fum,
I smell the blood of a SOUTHWEST PILOT,
Be he live, or be he dead
I'll grind his bones to make my bread

 

[scoreboardII]

I can only hope GK and company puts the same gun to your head on your next contract, you guys are in for a rough ride. Pain is coming, mark my words.

Sure, just note that before you put that gun to our noggin that you gave industry leading wages to a company you bought yet soon decided to offload more than half the planes yet keep those expensive high paid pilots, and took a 30% increase yourself, Mr GK. Also, gave industry leading contract to dispatch just last month, mechanics six months ago, and on and on.

I think that gun is a water pistol.

Did I miss anything?

We probably won't make more, but we sure as heck aren't going for less.

 

[Lear70]

What I found comical was the message just a few days ago that said how it was necessary to break out the two carriers' performance numbers, because "we're really two separate carriers right now", but when it comes to finance numbers, they don't want to do that.

Why is that?

 

[ASADFW7]

SWA pay rates are available to Airtran pilots as they transition to the SWA side and after January 1, 2015. This isn't about telling someone to get over it. All pilots who voted either for or against, collectively are yes voters when a Side Letter passes. How we individually accept and move forward is unique to each of us. So the thread is about earnings and it turns into SWA vs DAL, and integration remarks. You know in public when I come across current Airtan and DAL crews I never stop and think I wonder how I can be as toxic as I read on flightinfo.

 

[ATLplt]

What I found comical was the message just a few days ago that said how it was necessary to break out the two carriers' performance numbers, because "we're really two separate carriers right now", but when it comes to finance numbers, they don't want to do that.

Why is that?

Ooh, ooh! Pick me! Pick me! I know! *Hand waving frantically*