SWA posts $205 M profit in 3 rd quarter

[shiznitobam]

HEY BEST FRIENDS. Great news on your profits. Just think though what it could have been with added bag fees attached? Maybe twice that figure. And, it is great news you are getting a 3% pay increase too. I am sure the AT guys are also happy about that, since that 3%, added to the eventual 35%, will equal a 38% raise to what they earn now, which is good for all of us. PEACE AND LOVE BROTHERS, PEACE AND LOVE!

Regardless, I think ALL OF YOU ARE FANTASTIC PEOPLE. REALLY. YOUR MERGER WILL MAKE EVERYONE COMBINED EVEN MORE AWESOME. And, if you have time today, try to do something nice for someone or something, like bringing a small flute along when you go jogging to play for the local animals. The Pied Piper look is now IN! Chicks dig it too. See ya!


Bye Bye---General Lee

I'm a big fan of the "New" General. Hilarious!

 

[shagadelic]

Below are our updated pay rates effective September 1. These rates are planned to be reflected in your November 20 paycheck and retro pay will be calculated from September 1.

http://ih.constantcontact.com/fs044/...49/img/209.jpg

Converted to hourly, we now top out at $210... not too shabby. 2% more next year (and maybe 3%).

 

[Whataburger]

Nice. I loves me some pay raise!

For the first time ever, our stock went up with a profit announcement.

 

[no1pilot2000]

This is good news for pilots. However, how about the ground crews (rampers, customer service agents, and provisioning agents who were or maybe still are the $10 or $12 per hour slaves?). A 2 or 3% raise isn't much these days for those folks, especially living in some of the cities that SWA serves.

 

[B727Driver]

Heard Customer svc agents and ramp agents top out around $28. Hardly slave wages.

 

[contrail67]

First time in a long time SWA's profit was behind DAL,UAL,and CAL's profit...interesting times ahead.

 

[Full of LUV]

This is good news for pilots. However, how about the ground crews (rampers, customer service agents, and provisioning agents who were or maybe still are the $10 or $12 per hour slaves?). A 2 or 3% raise isn't much these days for those folks, especially living in some of the cities that SWA serves.

What about the cleaners? The TSA agents? They don't see any raises because they are contract or gov. employees. What about the guy taking bags curbside, whats 2 or 3% mean to him?

 

[Full of LUV]

First time in a long time SWA's profit was behind DAL,UAL,and CAL's profit...interesting times ahead.

Actually in past history whenever times were good for the industry, SWA's profits always lag the majors, difference is when times were bad, SWA still eeked a profit while the majors blew their wad. SWA always had slow managed growth with little overburdensome debt, where the majors would grow and leverage. When things are good, there is money to be made, when the market was bad, SWA didn't have debt to service and could pull down service to lose less.

I agree though, interesting times are ahead, SWA is not so small anymore and the fuel hedges have equalized the playing field. This may be good for the whole industry though as they now charge reasonable fares and if the fares are reasonable, most companies can make a profit. When the fares are unreasonable, companies bleed just to not lose market share.

 

[canyonblue]

Converted to hourly, we now top out at $210... not too shabby. 2% more next year (and maybe 3%).

Actually using the contractual conversion rate it equates to $211.97 an hour. I'm just sayin'...........