SWA "dings" up 321M profit!

[spinproof]

http://www.star-telegram.com/business/story/781022.html

..let the big dog eat!!!!!!

 

[av8tor4239]

You must be they guy that wears his flight suit to the bar.... BIG DOG... or shoud I call you ICE MAN

 

[spinproof]

You must be they guy that wears his flight suit to the bar.... BIG DOG... or shoud I call you ICE MAN

ICE MAN is fine, thanks!

 

[The Victors]

Good news!! Now before all the bitter betty's come out, I'll just say this for ya...... it's all because of the hedging, swa is doomed when the hedges run out next week, swa can't make money flying planes, swa business plan is flawed, and their pilots are a- holes, yada, yada, yada,.........next

 

[The Prussian]

Obviously, with those obscene profits, something's wrong with the business plan. An airline making profits...just not right...sorry guys...we're gonna have to redouble our efforts to find out where we went wrong. This is the airline business, after all, and there's an image to uphold.

 

[bravodude]

Total operating revenues for second quarter 2008 increased 11.1 percent to $2.9 billion, compared to $2.6 billion for second quarter 2007. Total second quarter 2008 operating expenses were $2.7 billion, compared to $2.3 billion in second quarter 2007.

The Company ended second quarter 2008 with $5.8 billion in cash and short-term investments.


Even without the hedges we would have made a profit!

 

[Hutchman]

$511 million gain from fuel hedging for the quarter. Over the next couple years the plan needs to change if they want to report a profit.

Bottom line, the news was not very good.

 

[The Prussian]

Bottom line, the news was not very good.

Sorry...said we're working on it...(heads hanging low in shame)...Sheesh!!!

 

[climb2slow]

Congratulations on another successful reminder of the brilliance of LUV's hedging program. I am glad to see that LUV is already trying to find ways to make up the roughly 250 million loss that would have been shown had the gain from hedging not been realized.

 

[Jet41]

Can't wait to hear all the "experts" on this board claim that SWA is just using slight of hand to turn a profit. Congads SWA for having a company and product you can be proud of. The above mentioned "experts" are green with envy.

 

[B727Driver]

the $5 billion+ should keep them around for a long time, a lot longer than most. Green is a good color.

 

[Whataburger]

.........and the stock goes down.

 

[Cornelius]

The stock has gone up nicely the last couple days along with the legacys and people are taking profits after todays earnings report. Obviously, the market isn't impressed.

 

[kwick]

Why not spend some of that money on enhancing safety. Installing life vests on aircraft that fly from the Northeast to Florida, instead of relying on an ill-conceived waiver, would be a start.

If an aircraft ever went down, and that's a lot of water they fly over each day, it would be a catastrophy without lifevests and rafts.

Ding, you are now all free to drown in the Atlantic Ocean!

 

[ultrarunner]

The stock has gone up nicely the last couple days along with the legacys and people are taking profits after todays earnings report. Obviously, the market isn't impressed.

The market hasn't been impressed for a long time. Naturally the SWA chest-thumpers have their own justifications, good employment, profits, blah blah blah...and all that is good...

But in the end you have to return an investment to your shareholder, especially the large institutional investors, and SWA has done pretty miserable in that department.

I think that is the issue that will eventually catch up with them. IMO.