SW CEO says travel slump hasn't hit bottom.

Scope out RJ's

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Watchout bravodoosh, looks like southwest is cutting capacity. What ever will you do during your furlough? At least you bought the type for westjet or volaris!:laugh:

AP
Southwest CEO says travel slump hasn't hit bottom
Tuesday March 10, 10:32 am ET
By David Koenig, AP Airlines Writer Southwest CEO says airline industry hasn't hit bottom, first week in March slowed more
DALLAS (AP) -- The chief executive of Southwest Airlines says travel slumped in early March from February's already sluggish pace and the airline industry hasn't yet hit bottom amid a recession. Gary Kelly said Tuesday that a key measure of revenue fell 7 percent in the first week of March. That followed a 6 percent slump in traffic during February, which Kelly said was much weaker than January.
"I don't know that we've reached the bottom, and certainly in an environment like this it makes it pretty tough to forecast," Kelly said at an investor conference in New York.

Business travel in particular has dropped off, and those customers often buy tickets late and fly at full fare, Kelly said. When companies cut costs, "one of the first things they attack is the travel budget," he said.
Kelly said the current airline downturn resembled one from 1991 but could be worse.
"I think we're all worried that this is sort of the 100-year flood in economic terms and that what we saw in 1991 is going to be worse this time," he said. "I think we all have to be prepared for a really tough environment and one that lasts for a long time."
Kelly said unit revenue, or revenue divided by capacity, fell 7 percent in the first week of March. That's a closely watched number in the airline industry.
Southwest has been cutting unprofitable routes and plans to reduce capacity 4 percent this year. But it just launched service in Minneapolis and plans to expand to Boston's Logan Airport and New York's LaGuardia later this year. Kelly said it can make those moves without adding to its fleet of 535 jets. Shares of Southwest rose 11 cents, or 2.1 percent, to $5.28 in morning trading, following an upswing in the broader market.
 

GuppyWN

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We don't have to outrun the bear - we just have to outrun the other guys.

Gup
 

MILPILOT17

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Watchout bravodoosh, looks like southwest is cutting capacity. What ever will you do during your furlough? At least you bought the type for westjet or volaris!:laugh:

AP
Southwest CEO says travel slump hasn't hit bottom
Tuesday March 10, 10:32 am ET
By David Koenig, AP Airlines Writer Southwest CEO says airline industry hasn't hit bottom, first week in March slowed more
DALLAS (AP) -- The chief executive of Southwest Airlines says travel slumped in early March from February's already sluggish pace and the airline industry hasn't yet hit bottom amid a recession. Gary Kelly said Tuesday that a key measure of revenue fell 7 percent in the first week of March. That followed a 6 percent slump in traffic during February, which Kelly said was much weaker than January.
"I don't know that we've reached the bottom, and certainly in an environment like this it makes it pretty tough to forecast," Kelly said at an investor conference in New York.

Business travel in particular has dropped off, and those customers often buy tickets late and fly at full fare, Kelly said. When companies cut costs, "one of the first things they attack is the travel budget," he said.
Kelly said the current airline downturn resembled one from 1991 but could be worse.
"I think we're all worried that this is sort of the 100-year flood in economic terms and that what we saw in 1991 is going to be worse this time," he said. "I think we all have to be prepared for a really tough environment and one that lasts for a long time."
Kelly said unit revenue, or revenue divided by capacity, fell 7 percent in the first week of March. That's a closely watched number in the airline industry.
Southwest has been cutting unprofitable routes and plans to reduce capacity 4 percent this year. But it just launched service in Minneapolis and plans to expand to Boston's Logan Airport and New York's LaGuardia later this year. Kelly said it can make those moves without adding to its fleet of 535 jets. Shares of Southwest rose 11 cents, or 2.1 percent, to $5.28 in morning trading, following an upswing in the broader market.
Hey scope, try some scope to get that taste out of your mouth!
 

N1atEcon

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Scope. Can you please show us where this says any thing about furloughs? All I got is that we are sticking to he original 4% cuts for 2009.
 

fiel12

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We don't have to outrun the bear - we just have to outrun the other guys.

Gup

Yep.

And for anyone who hasn't ignored scope, don't let him get to you. He wouldn't be trying this hard to bring SWA down if he already had it better.
 
Last edited:

Remington

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Ignore the troll, maby he'll go away. Why in the hell is SWA cutting unprofitable routes anyway?? :)
 

MCDU

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Dope in an RJ is not taking his meds again! UH OH

M
 

Scope out RJ's

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Aaah yes, the skirt wearers are out in full force.
Is there some sort of cheerleading competition going on? All the PFT'ers are out in full force.
Gotta LUV you ladies!:laugh:
 

redflyer65

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Hey Scope, I got hired without the type. Should I have turned down their offer in your 'fantasy' land?
 

vixin

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I was hired without it also. Just ignore the child. Dont stoop to his low level. Just someone that makes his pathetic life better by putting down someone or thing thats more successful then he. In his mind anyway. Go away with that fact that you have what he so desperately wants. Pathetic really! He probably put down his kids if they do better at something. He knows thats right. Thats what these types thrive on.
 

GuppyWN

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Actually I think it's more offensive to Tanker Clown.

Gup
 

Scope out RJ's

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Now you're really getting personal.
 
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