Southwest Airlines post good 2nd qtr numbers

[Hose A. Jiminez]

Actually, that's not totally true. Timing is everything in this instance. GK said they loved the 717 and had every intention of flying it through lease expiration. Based on those comments SLI 2 was passed. Then within weeks he and VDV started talking about negotiating with Boeing to get rid of them early. Trust me when I say there is no chance in heck AirTran pilots would have accepted the massive seniority loss had they known GK's real plans. We would have demanded much better global seniority since the 717 captain seats would have been going away.

There was no deal for the 717s in place when the agreement was reached. It was a well known hypothetical scenario and nothing more.

 

[Flying the Line]

No room at Southwest for crybabies.

 

[Flyer1015]

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.

Didn't SLI#1 offer that same pay right away? And SLI#2 (the one you got) delayed that for 3 years? Why don't you ask your MEC why they turned down SLI#1 without asking or getting a vote from the Airtran pilot group?

 

[27 driver]

No room at Southwest for crybabies.

Plenty of room for ******************************bags though.

 

[scoreboardII]

Says number one on the list...

 

[Dan Roman]

No room at Southwest for crybabies.

Only good little warriors!

 

[Kharma Police]

Didn't SLI#1 offer that same pay right away? And SLI#2 (the one you got) delayed that for 3 years? Why don't you ask your MEC why they turned down SLI#1 without asking or getting a vote from the Airtran pilot group?

I'm sure the lawyers are asking that question.

 

[Andy]

Back on topic.

Congrats to all for a nice earnings beat; 10% better than analyst estimates. Let's hope that these numbers continue for everyone in the industry.

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.
*****

 

[27 driver]

Says number one on the list...

See what I mean.

 

[General Lee]

Didn't SLI#1 offer that same pay right away? And SLI#2 (the one you got) delayed that for 3 years? Why don't you ask your MEC why they turned down SLI#1 without asking or getting a vote from the Airtran pilot group?

Apparently sometimes you have to take the first offer from a used car salesman..... The others did well in arbitration, and they expected the same obviously.


Bye Bye---General Lee