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Southwest 3Q profit $241M

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HighSpeedClimb

Well-known member
Joined
Jan 25, 2006
Posts
464
-- Record third quarter net income, excluding special items*, of $241
million, or $.34 per diluted share, compared to third quarter 2012 net
income, excluding special items, of $97 million, or $.13 per diluted
share. This was in line with the First Call consensus estimate of $.34
per diluted share.
-- Record third quarter net income of $259 million, or $.37 per diluted
share, which included $18 million (net) of favorable special items,
compared to net income of $16 million, or $.02 per diluted share, in
third quarter 2012, which included $81 million (net) of unfavorable
special items.
-- Return on invested capital* (before taxes and excluding special items)
for the 12 months ended September 30, 2013, of 11 percent, as compared
to 7 percent for the 12 months ended September 30, 2012.
-- Cash and short-term investments at September 30, 2013, of $3.3 billion.
-- Cash flow from operations of $428 million, and capital expenditures of
$268 million, resulting in $160 million in free cash flow* in third
quarter 2013.
-- The Company returned approximately $178 million to Shareholders during
third quarter 2013 through the payment of $28 million in dividends and
the repurchase of approximately $150 million in common stock under an
accelerated share repurchase program executed in September 2013. Since
August 2011, the Company has repurchased approximately $1.1 billion, or
approximately 111 million shares, under its $1.5 billion share
repurchase authorization.

And not even charging for bags....
 
Congrats to SWA. Maybe a corner has been turned. 2014 looks to be the year where "everything come together".
 
Great news! I wonder though, how much the bag fees were from the AirTran side? Anyone know where to find this?

Well if you ask an AirTran pilot in recurrent the number is 225 million. We have a guy who has been telling ground school for years that SWA is soooo blown away by our bag fees they will switch to charging. He will then say "when was the last time you saw a bags fly free commercial?"

Answer: last Sunday during every game "if it matters to you it matters to us."

Tran coolaid is hilarious and our guys drink it up. Our SE taxi was worth 100M easy and our international was easily 1 billion. I had a Capt. tell me we are the only reason SWA is profitable and we are 75% of the profit. Hook, line, and sinker.

I know what AirTran did for the bottom line. 150 million a year in salary by passing on the first deal. SWA express operated by AirTran! I'm guessing between FA and Pilot labor we added 40-50M of that record quarter.

GO ALPA! We deserve it. We voted for bums and sent the emails (so they say) so enjoy the profit sharing.
 
Well if you ask an AirTran pilot in recurrent the number is 225 million. We have a guy who has been telling ground school for years that SWA is soooo blown away by our bag fees they will switch to charging. He will then say "when was the last time you saw a bags fly free commercial?"

Answer: last Sunday during every game "if it matters to you it matters to us."

Tran coolaid is hilarious and our guys drink it up. Our SE taxi was worth 100M easy and our international was easily 1 billion. I had a Capt. tell me we are the only reason SWA is profitable and we are 75% of the profit. Hook, line, and sinker.

I know what AirTran did for the bottom line. 150 million a year in salary by passing on the first deal. SWA express operated by AirTran! I'm guessing between FA and Pilot labor we added 40-50M of that record quarter.

GO ALPA! We deserve it. We voted for bums and sent the emails (so they say) so enjoy the profit sharing.



I heard the same thing.


If not for AT ,SWA would be filing for bankruptcy .

I got this from a very reliable source


It was from my cousins ,neignbor, who heard it first and from his brothers girlfriend . She heard it from her cat


I know for a fact , cats do not fib . :)
 
I heard the same thing.


If not for AT ,SWA would be filing for bankruptcy .

I got this from a very reliable source


It was from my cousins ,neignbor, who heard it first and from his brothers girlfriend . She heard it from her cat


I know for a fact , cats do not fib . :)

Sorry, I'm gonna' have to call BS on that one.

Cats are the spawn of Satan, and the guardians of Hell. Didn't you watch "The Mummy"? Geez, you gotta' get out more.

Bubba
 
Sorry, I'm gonna' have to call BS on that one.

Cats are the spawn of Satan, and the guardians of Hell. Didn't you watch "The Mummy"? Geez, you gotta' get out more.

Bubba


I do have a sign on the fence that says .

Beware of dog

Cat is not trustworthy either. :)
 
See it is the people not the planes that are important....
 

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