New hiring won't occur for awhile for the reasons stated. That doesn't mean there isn't good news on the horizon, short-term and long term.
51 round trip flights added back to the schedule in March. This won't take care of the overage by very many but that trend is in the right direction and the first announced increase of any size for sometime.
The maturing of the route structures on the east coast and the additional of the S. Florida airport in May will cause some more gains...not huge but a trend upward.
There is always the possibility of new routes to Mexico or the Caribbean if SWA management wishes to test the waters....certainly the pilots are ready to do that.
Still lots of uncertainty with the middle east still brewing, the impact of the Obama administration deficits and impacts on borrowing/debt service by airlines who have some huge payments to make in 2010, cap/trade legislation that will raise the cost of energy and much more.
SWA will finish off paying its debt for the fuel hedges in '10 which is good.
A difficult time to make money in the industry but a few are making it and congrats to them and their employees.
SWA has some bright folks in the pilot group and management that can hopefully find the sweet spot for generating additional revenue....that has always been a strength for the company. Furloughs are a possibility in any scenario but I believe SWA is minimizing the risk to use that option and would only after all other options have been exercised. That is something I'm confident in saying that most airline management teams don't subscribe to.
Cheers
51 round trip flights added back to the schedule in March. This won't take care of the overage by very many but that trend is in the right direction and the first announced increase of any size for sometime.
The maturing of the route structures on the east coast and the additional of the S. Florida airport in May will cause some more gains...not huge but a trend upward.
There is always the possibility of new routes to Mexico or the Caribbean if SWA management wishes to test the waters....certainly the pilots are ready to do that.
Still lots of uncertainty with the middle east still brewing, the impact of the Obama administration deficits and impacts on borrowing/debt service by airlines who have some huge payments to make in 2010, cap/trade legislation that will raise the cost of energy and much more.
SWA will finish off paying its debt for the fuel hedges in '10 which is good.
A difficult time to make money in the industry but a few are making it and congrats to them and their employees.
SWA has some bright folks in the pilot group and management that can hopefully find the sweet spot for generating additional revenue....that has always been a strength for the company. Furloughs are a possibility in any scenario but I believe SWA is minimizing the risk to use that option and would only after all other options have been exercised. That is something I'm confident in saying that most airline management teams don't subscribe to.
Cheers