SWA 2Q results!

[SWA/FO]

Profit 246 million (143 million form the gov.).....

Not bad, egh?

 

[CoopDog]

Better 'n last year

If my cyphering is about right, that's a cool million better than last year's 2nd qtr.

Sounds like somebody needs to buy some more planes. (hint, hint)

 

[CoopDog]

More planes in '04

An excerpt from the newswires:

"Although the last 22-month period has been the most difficult ever for the airline industry, our superb Employees remain focused more than ever on their mission to spread the Freedom to Fly to Americans. As a consequence of their dedication and improved revenue trends, we recently exercised our remaining 2004 options for the delivery of nine 737-700s next year. In addition, we exercised six 2005 options for accelerated delivery in 2004 and accelerated the firm delivery of two 2005 aircraft to 2004. These changes to our Boeing 737-700 delivery schedule bring our current 2004 firm orders to 42 aircraft, which, after subtracting planned 737-200 retirements, results in a planned annual capacity increase in the 6 to 7 percent range in 2004."

OK, with the 42 (-700's) coming next year, anybody care to speculate if they'll start classes sooner than January?

And any word on definite -200 retirement numbers for '04?

Still good news anyway you look at it though.

 

[Sugardaddy]

Coop,
Whenever you think you have SWA figured out, they always seem to change the rules. @10.2 pilots per plane (taking in the retirements of the -200's into account) that works out to around 300 pilots. Factoring in the scheduled, medical and early retirements, lets figure in 100 more. So that is 400 pilots total.
At 400 pilots next year SWA will need to train around 2 classes per month for the whole year. So, does this mean they will train some more guys from the pool in order to lead turn the massive order?? Who knows? I wish it were so, but after floating in the pool for over a year and a half (with the real prospect of not getting out of the pool for another 6 months), I tend to be a bit more "conservative".

 

[Pig]

How many -200's are scheduled to retire in '04? How many total are left?

 

[AJWick]

SWA Rocks!!!!

I can't wait to get on board!!!!


aj

 

[fox3]

So why isn't my stock higher?

 

[Phil O'Sopher]

Webcast said 17 -200 retirements in 2004 and all of them to be gone by 2005 (some flexibility but they aim to try to stick to that schedule.)
Two interesting quotes: STL was "very significant news" and "very bullish for SWA" (the extra 8 aircraft in 2004 don't include any STL implications) and "Boeing will be able to meet our growth needs in about a year" or words to that effect.

 

[SWA/FO]

Although the route-by-route specifics of American’s recently announced cutbacks at Lambert-St. Louis International Airport (STL) have not been disclosed, Southwest has a strong interest in expanding our lineup of low-cost, nonstop flights at the airport.
Since launching service at STL in March 1985 with 19 daily nonstop flights, our schedule has grown to 67 daily nonstops to 19 cities using 12 gates in the airport’s East Terminal. The modern, expansive East Terminal–which officially opened in 1998–has ample capacity to accommodate additional flights.
American, which operates out of STL’s B, C, and D terminals, announced last week that it will reduce its presence in St. Louis through a number of measures aimed at slashing costs. The carrier will drastically reduce the size of its hub at STL to 207 daily flights from 417, effective November 1. American also will convert 26 nonstops to connecting flights, which will route passengers through American’s hubs at Chicago O’Hare and Dallas/Fort Worth. And, on September 15, it will close its St. Louis reservations center–its third such closure this year.
Although Southwest is not immune to the effects of a sluggish economy and lessened demand for air travel, the outstanding efforts of our 35,000-plus Employees have allowed us to remain poised to take advantage of such industry developments. Once American’s specific reductions are announced, Southwest will analyze the information, and determine the viability of adjusting our schedule at STL through new service or increased frequency.

 

[OPIE01]

What a great B-Day present

Great news,

Let's hope this gets investors to run LUV stock up to $20+ ASAP, so we can see somemore movement for Poolies

 

[SWA/FO]

Yeah, I'm with you brother. We make money and our stock is down (.03). AMR loses money and their stock goes up .60.