All airlines 1Q Results..or..State of the Industry

[furloughfodder]

Lets start a thread to see LOSS/PROFIT for the airlines for 1Q. I'll start with the ones I have already read about:



Delta LOSS $1.1 billion ................LAST YEAR 1Q LOSS $383 million
Alaska LOSS $80.5 million ............LAST YEAR 1Q LOSS $42.7 million
NWA LOSS $458 million ...............LAST YEAR 1Q LOSS $230 million
American LOSS $162 million ..........LAST YEAR 1Q LOSS $166 million
Continental LOSS $184 million .......LAST YEAR 1Q LOSS $124 million
America West PROFIT $33.6 million LAST YEAR 1Q LOSS $1.6 million
Jetblue PROFIT $7 million .............LAST YEAR 1Q PROFIT $15.2 million
UPS PROFIT $882 million ..............LAST YEAR 1Q PROFIT $759 million

 

[BLUE BAYOU]

I guess if you want a profit in this industry, you need to package passengers up in brown boxes and hub them through Louisville, KY.

 

[say again]

So that's JetBlues secret. I knew you had some secret covert ops with UPS.

 

[T45Flyer]

An OVERSITE, I am sure..

Furloughfodder,
I am sure that you accidently left SWA out of your industry analysis. So I will help you out.

SWA 1Q PROFIT $76 Million..........LAST Year 1Q Profit 26 Million.

 

[Paul R. Smith]

Furloughfodder,
I am sure that you accidently left SWA out of your industry analysis. So I will help you out.

SWA 1Q PROFIT $76 Million..........LAST Year 1Q Profit 26 Million.

Nobody likes a show-off!!

Glad somebody's doing well...

 

[LEROY]

FDX 05 Q1 net income 330M
05 Q2 net income 354M
05 Q3 net income 317M

 

[FedExpert]

Leroy,

I believe this post deals with profit/loss not income. Are you from the Enron school of accounting?

 

[castle bravo]

How about SWA profit without fuel hedging?

 

[LEROY]

FedExpert,
Your avatar is obviously misleading, as you should know by now the meaning of basic economic terms. But since you asked, I believe these are the basics:
REVENUE = all the money earned during the given period (ie., Q, YR, etc.)
OPERATING EXPENSES = all money spent during that period (ie., salaries, benefits, fuel, maintenance, etc.)
OPERATING INCOME = REVENUE - OPERATING EXPENSES
NET INCOME = OPERATING INCOME - CORP INCOME TAX - INTEREST ON LOANS
NET INCOME = NET PROFIT (ie., the money the company takes to the bank)
So, FedExpert, when I posted net income figures, I inferred anyone with a rudimentary knowledge of basic economics would understand they represented NET PROFIT.
Sorry for your confusion.

 

[terrehautesux]

How about SWA profit without fuel hedging?

NADA I bet.

 

[SlapShot]

There was an article in the USA Today the other day that stated that if SWA did not have most of their fuel hedged, they would not have turned a profit.

 

[HoursHore]

There was an article in the USA Today the other day that stated that if SWA did not have most of their fuel hedged, they would not have turned a profit.

Thats like saying if the winning team hadn't scored more points, they would have lost.

 

[SlapShot]

Well if the losing team did not give up more points then they scored they could have won.

 

[T45Flyer]

Not a showoff at all. Just noticed that Furloughfod forgot SWA when he said ALL airlines profit/loss. Furloughfod has heartache with SWA as revealed in his previous posts, so I thought I would represent.

OK, Fuel hedging. All naysayers love to say "you would have lost money if you hadnt hedged."

True. Yet, the only reason SWA is hedged is due to its performance in the past of living within its means. Keeping down costs regardless of the current market state. Paying cash for aircraft, and having the most productive employees in the industry. So, before you gloat that "SWA would have lost money if it wasnt hedged" ask yourself why the other carriers are not hedged also. Any company can hedge.

If you think that SWA is idly standing by waiting for the fuel hedges to run out or standing on our lorals, you don't know SWA at all. There is a company wide attack on all costs and inefficiencies. Our CASM is coming down and will continue to come down until we run out of ideas and we are NO WHERE near that. SWA is here for the long run.

SWA employees are very proud and deservidly so. Each one makes an effort at running a successful airline. Pilots fly exacting fuel effecient profiles, shut down APU's on the ground using gate services or just electrical on 20-30 minute turns to save $18. Ask for off duty runways if the winds are light to reduce flying time and save fuel. Always ask for direct, never fly the route unless its a best winds route. Walk down to aircraft belly to retrieve strollers/wheelchairs for moms or disabled people to reduce thier wait for these items after a flight. Help clean cabins to help pull off a 10-15 minute turn and get the plane back on time. And yes, I have done many 10 minute turns with light on and off loads. Piece of cake after you have been at SWA awhile. So, for pilots that like to be part of the solution and take ownership rather than the problem then this is the place for you.

Disclaimer: This post is not directed at any other airline/legacy. Its info only for the naysayers on the sidelines who are probably part of the problem for thier company.

 

[DLslug]

Proactive pilots wanted?

T45Flyer:

With all due respect, gimme a break!! I mean, if you think you are the only ones that are hustling, shuting down APU as soon as possible, and making quick turns happen, come on. Go ride another airline once in a while.

Everyone out there, regardless of the airline, is doing more with less, going the extra mile to make the schedule work, and just trying to put the passenger first.

I think SWA is a great airline and the people and the management prove it, but the other airline employees are working just as hard. It's too bad our management team is not on the same page.

Keep up the good work.

All for now,

DLslug

 

[T45Flyer]

DLSlug,

Your point is well taken. I am not saying that other pilots out there are not doing the same to hustle and be efficient. Our cargo guys wear shirts that say "Whatever it takes" and I believe that this is the same attitude that most of our pilots have, and it seem to be working. Our fuel costs per hour have continued to decline and on all equiptment, not just -700 winglet aircraft. Besides the flying stuff, I have seen on this message board time and time again the disdain for pilots that grab strollers from below or help ready the cabin for the next flight so we can stay or get back on time. But to work here it helps to be a "Whatever it takes" person.

I totally agree that the evil of this industry is legacy upper management and thier incompentance to walk across the street much less run an airline. And that the hard working people on the front line pay the price for thier stupidity. I truly hope that your front office will wake up and right the ship ASAP.

Have a great day!

 

[say again]

My wallet:

Income- huge losses
Expenses- huge gain
Net Profit- in the poor house and some

 

[Vik]

Someone with some time on their hands list profit for some foreign carriers like British Airways, Lufthansa, Singapore, Emirates .. should be interesting to see.

 

[furloughfodder]

Not a showoff at all. Just noticed that Furloughfod forgot SWA when he said ALL airlines profit/loss. Furloughfod has heartache with SWA as revealed in his previous posts, so I thought I would represent.

Geez, relax buddy. If you read my post I said "These are the airlines I have already read about." I didn't read about SWA yet at the time I posted that. I also encouraged people to post other airlines info.

I posted JetBlue's information and you guys are like the same airline (at least you are always in the same news articles together) so why wouldn't I post yours. You guys are always so tense.

 

[TWA Dude]

Just an interesting explanation, but AWA CEO Parker talked to our recurrent class last week and said that our rapidly-improved RASM came from a combination of decreased trans-cons, record LFs, and the fact that in a number of key markets the Legacy carriers put tix on sale and AWA didn't. He said we just waited for all those on-sale tix to be bought up and then pax had no choice but to pay a higher price to ride AWA. Capitalism at its best.

 

[wood pecker]

We have mastered the 5 minute turn at my regional airline. We decided to eliminate catering, lav dumps, cleaning, and windshield washes. Walk arounds are done on the first flight only. Checklist are memorized so why repeat them. If we are lucky sometimes we get fuel after the 10th request or we just ask our departure coordinator who is always around with our release eager to help complete the 5 minute turn.

This 5 minute turn should be a joke but I was actually scheduled for one when scheduling was working their hardest to ensure I would not time out. Unfortunately we had a plane swap from E to C concourse with a plane that had 2 hours of mtc.

 

[joevollers]

Swa

As we pull into our gates at PHX and LAS it always amazes me that SWA plane never have to wait for rampers to get up off their a$$es to pull in to their gates.

As pilots we all (or most at least) try to help our airline run efficiently. But SWA's efficiency is company wide because inefficiecy is not tolerated--and let's be honest it is tolerated most places.

 

[joevollers]

http://apostar.de/edrw/i/Swafuel.jpgOh YEah