Interesting MIT airline data

[waveflyer]

Typical FI- sitting here calling out people who disagree with me and labeling them geeks. Well as cool as i am in my own head- here's undeniable proof I'm a big giant nerd.

This stuff is interesting to me

airline by airline breakdowns of pilot costs, salaries, cost per block hour, etc etc

http://web.mit.edu/airlinedata/www/Employees&Compensation.html

http://web.mit.edu/airlinedata/www/...ail Cockpit Cost Per Block Hour Summary09.htm

 

[waveflyer]

and of course SEC filings, cash flows, revenues, also broke down airline by airline


http://web.mit.edu/airlinedata/www/2009%2012%20Month%20Documents/Probability,%20Balance%20Sheet%20&%20Cash%20Flow/Cash%20Flow%20Statement/Net%20Cash%20Provided%20by%20(Used%20in)%20Operating%20Activity.htm

http://web.mit.edu/airlinedata/www/...nce Sheet/Cash and Short-term Investments.htm

 

[ultrarunner]

Wow, look at USAir and Delta from '02 to present. The top row. That's got sodomy written all over it. Uhhhg.

 

[waveflyer]

And of course my FAVORITE AIRLINE COMPARISON:

EXECUTIVE COMPENSATION COMPARISON US TOP 10 AIRLINES
http://travel-industry.uptake.com/blog/2010/05/04/airline-ceo-compensation/

This might need it's own thread as DAL boss gets trashed, GK tops the list, and amazingly earned less than Fornaro??? - who is still viewed favorably.

"

2009 Airline CEO Compensation (AP data):-
1. Richard H. Anderson, Delta Air Lines – $8.4 million
2. Gerard J. Arpey, American Airlines – $4.7 million
3. William S. Ayer, Alaska Airlines – $4.3 million
4. Glenn F. Tilton, United Airlines – $3.9 million
5. Lawrence W. Kellner – former CEO, Continental Airlines – $3.3 million
(Jeffery A. Smisek – current CEO, Continental Airlines – $0.0)
6. Douglas Parker, US Airways – $2.6 million
7. Robert L. Fornaro, Airtran Airways – $2.0 million
8. Mark B. Dunkerley, Hawaiian Airlines – $1.8 million
9. Gary C. Kelly, Southwest Airlines – $1.6 million
10. David Barger, Jetblue Airways – $1.5 million"​

"​

Now let’s take a look at which of these CEOs actually earned their pay.

1. Southwest Airlines Co. (NYSE:LUV)
Net income: $99m
CEO compensation: $1.6m
Even though Southwest’s net income dropped from $178m in 2008 to $99m in 2009, Southwest came through the recession in better shape than most other airlines, maintaining a 37 year unbroken record of annual profitability. Widely accepted view that CEO Gary Kelly deserved his $1.6m compensation."​

"​

3. Delta Air Lines Inc. (NYSEAL)

Net income: -$1,237m (loss)
CEO compensation: $8.4m
As far as red ink is concerned, Delta is a serial offender – having shown a profit only twice in the last decade. Extenuating circumstances include reorganization and the merger with Northwest.
The messy reorganization was followed by the $3.1b merger and resultant $8.9b loss in 2008 ($14.4b if you add Northwest’s loss), and topped off with a $1.2b loss in 2009. CEO Richard Anderson’s compensation was slashed heavily from $17.4m in 2008 to $8.4m in 2009.
The post-merger future looks better for Delta, but the clock is ticking and if Delta doesn’t deliver in 2010, CEO Richard Anderson’s 2010 pay will feel the impact again."​

"United Airlines is another case where executive compensation is defined by an alternate reality"​

"8. AirTran Holdings Inc. (NYSE:AAI)

Net income: $134.66m
CEO compensation: $2.0m
In a pattern identical to Jetblue, Airtran also turned around a loss of $266.3m in 2008 into a profit of $134.66m in 2009. CEO Robert Fornaro - same as his Jetblue counterpart – got a half-million compensation hike in 2009, up from 1.5m in 2008 to 2m in 2009."​

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[nimtz]

You know a decade of this career has made me really envious of buds in other fields who talk beer, sports, and women during ideal work time. It's guys like Wave that just can't get enough airline talk (or firearms) that make me a fake slam clicker in short time.

 

[WSurf]

You know a decade of this career has made me really envious of buds in other fields who talk beer, sports, and women during ideal work time. It's guys like Wave that just can't get enough airline talk (or firearms) that make me a fake slam clicker in short time.

Hahahaha Agreed!! But then again who are we to even be on this Forum?

 

[waveflyer]

Hahahaha Agreed!! But then again who are we to even be on this Forum?

Exactly--- go back to being a cool guy on FI nimtz, I only wish I had your chops

 

[jonjuan]

You know a decade of this career has made me really envious of buds in other fields who talk beer, sports, and women during ideal work time. It's guys like Wave that just can't get enough airline talk (or firearms) that make me a fake slam clicker in short time.

Lol-or the heavy sigh and eye roll after the first hour of a 3 day.

 

[General Lee]

And of course my FAVORITE AIRLINE COMPARISON:

EXECUTIVE COMPENSATION COMPARISON US TOP 10 AIRLINES
http://travel-industry.uptake.com/blog/2010/05/04/airline-ceo-compensation/

This might need it's own thread as DAL boss gets trashed, GK tops the list, and amazingly earned less than Fornaro??? - who is still viewed favorably.

"

2009 Airline CEO Compensation (AP data):-
1. Richard H. Anderson, Delta Air Lines – $8.4 million
2. Gerard J. Arpey, American Airlines – $4.7 million
3. William S. Ayer, Alaska Airlines – $4.3 million
4. Glenn F. Tilton, United Airlines – $3.9 million
5. Lawrence W. Kellner – former CEO, Continental Airlines – $3.3 million
(Jeffery A. Smisek – current CEO, Continental Airlines – $0.0)
6. Douglas Parker, US Airways – $2.6 million
7. Robert L. Fornaro, Airtran Airways – $2.0 million
8. Mark B. Dunkerley, Hawaiian Airlines – $1.8 million
9. Gary C. Kelly, Southwest Airlines – $1.6 million
10. David Barger, Jetblue Airways – $1.5 million"​

"​

Now let’s take a look at which of these CEOs actually earned their pay.

1. Southwest Airlines Co. (NYSE:LUV)

Net income: $99m
CEO compensation: $1.6m
Even though Southwest’s net income dropped from $178m in 2008 to $99m in 2009, Southwest came through the recession in better shape than most other airlines, maintaining a 37 year unbroken record of annual profitability. Widely accepted view that CEO Gary Kelly deserved his $1.6m compensation."​

​

"​

3. Delta Air Lines Inc. (NYSEAL)

Net income: -$1,237m (loss)

CEO compensation: $8.4m
As far as red ink is concerned, Delta is a serial offender – having shown a profit only twice in the last decade. Extenuating circumstances include reorganization and the merger with Northwest.
The messy reorganization was followed by the $3.1b merger and resultant $8.9b loss in 2008 ($14.4b if you add Northwest’s loss), and topped off with a $1.2b loss in 2009. CEO Richard Anderson’s compensation was slashed heavily from $17.4m in 2008 to $8.4m in 2009.
The post-merger future looks better for Delta, but the clock is ticking and if Delta doesn’t deliver in 2010, CEO Richard Anderson’s 2010 pay will feel the impact again."​

"United Airlines is another case where executive compensation is defined by an alternate reality"​

"8. AirTran Holdings Inc. (NYSE:AAI)

Net income: $134.66m

CEO compensation: $2.0m
In a pattern identical to Jetblue, Airtran also turned around a loss of $266.3m in 2008 into a profit of $134.66m in 2009. CEO Robert Fornaro - same as his Jetblue counterpart – got a half-million compensation hike in 2009, up from 1.5m in 2008 to 2m in 2009."​

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Yes, but didn't Delta make $1.8 billion in 2010 in profits? That's three times what SWA made, right? I know the CEO's pay is high, but a change like that is amazing. And, he was at United Health Care as a Senior VP before DL, and made $50 million, and the CEO of United Health Care made $2 billion. I think he is a lot better than our last 3 CEOs. Hopefully he makes decisions that warrant that pay.


Bye Bye---General Lee

 

[Raoul Duke]

those numbers paint a really ugly picture for AA

 

[nimtz]

Exactly--- go back to being a cool guy on FI nimtz, I only wish I had your chops

Sorry for calling it like I see it wave. Yes FI does give great insight into this profession and thus my cynicism. When I joined this site way back in college I held this profession at a very uninformed level of esteem. As that crumbled this place became like reading The Onion; witty sarcasm on serious matters at the right price. Unfortunately, the last six months has mostly featured daily chest thumping matches of LUV vs Citrus/DAL dominated by about 10 individuals. That has given FI a numbing sense of hyperbole perhaps only matched in Thomas Friedman's column in The NY Times.

 

[SWA/FO]

What about Alaska costs?

 

[waveflyer]

Nimtz- I don't disagree w/ most of that- until you take it personal, as if I'm breaking out my MIT charts at the bar...
My cynicism however isn't directed at pilot groups behavior toward each other- we'll get over that- but it's harder to get past a some of the robber baron ceo's that think nothing of stealing and decimating thousands of hard working professionals life work.

I only hope to hope that WN doesn't have a combative immoral CEO in it's future.
The data here really wasn't much of a chest thump- I just think it's interesting, esp in leiu of all the political pride right now. That maybe we can get back to real data and facts.