Southwest 3Q profit $241M

[stall022]

Great news! I wonder though, how much the bag fees were from the AirTran side? Anyone know where to find this?

last report was in 2011 in which AirTran made 165 million in baggage fees per the bureau of transportation. Each year that number increased by about 10 million.

So in theory Southwest would have been on track to make around 185 million in bag fees for 2013 from the AirTran side. But with the reduction of AirTran airplanes that number will be reduced.

 

[Skybus]

HUGE difference between revenue collected from bag fees and implied increase in profits from said bag fees. What would be a more relevant metric would be the total revenue per ASM . One way or another they are collecting the cash. Our fares are generally higher with the "bag fee" built in.

 

[PropPiedmont]

What SWA makes in one quarter, Delta makes in one month.

 

[$$$4nothin]

SW also doesn't have planes flying around with there paint on it with an FO making $19/hr. Just saying

 

[JonnyKnoxville]

What SWA makes in one quarter, Delta makes in one month.

Wow...and if you were speaking of pilot compensation, that might be something to be proud of.

 

[scoreboardII]

SWA will probably keep the bags fly free for boarding groups ABC. Suppose they offer a new D fare group, you pay for every thing added. But get the cheapest base fare. SWA can still claim bags fly free, and they get bag revenue from those with the memory of a goldfish.

 

[canyonblue]

What SWA makes in one quarter, Delta makes in one month.

Congratulations, you win stupidest statement of the Quarter. Now explain the correlation to pilot compensation or go post over on the CEO Forums.

 

[MECH]

Delta Pilots most likely have a great profit sharing plan. Which means they will get up to 15 -20% of that profit. Lets see they are on track to make 2.4 Billion this year. And lets be conservative and say they only get 12% of the profit. Which means approximately $288,000,000 to share amongst 12000 pilots or about $24,000 a pilot.

Not to bad.

 

[nwaf16dude]

Pilot group at Delta gets one third of the total amount set aside for profit sharing, the other two thirds go to other employee groups. From there, they figure out a W-2 percentage to distribute to individual pilots. Last time it was around 7ish %. Rumors it could be as high as 10% this year.

 

[waveflyer]

SW also doesn't have planes flying around with there paint on it with an FO making $19/hr. Just saying

This^^^^

I like the profits all over the industry, but the legacies still have a LOT of outsourcing work to buy back