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SWA reports $159M profit for 2nd Q

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lowecur

Well-known member
Joined
Sep 14, 2003
Posts
2,317
Kudos to Kelly and Co. Just one problem............$196M investment income from Hedges leaves a $37M operating loss.:) Cash is king, as they have increased it to $2.2B.

http://biz.yahoo.com/prnews/050714/dath013.html?.v=20

For those that are interested BELF is .647 or rounded to 65%. Throw out the fuel hedging and it's probably more like 74%.
 
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Exactly right Lowecur, SWA isnt making nearly as much money as it sounds like they. Still in the black but just about breaking even.
 
yeah baby...PROFIT!
 
What will be interesting this quarter is to see how unhedged airlines like AMR and CAL match up on operational profit or loss. These are traditional hub and spoke airlines that have gotten their costs in line, but in AMRs case they still have large pension costs that drain the bottom line.

The hedging will allow mgt to keep procrastinating on employee costs, but eventually they will have to go nose to nose with the various groups. It will be interesting to see if things get acrimonious.
 
Not interesting, its sick. This is the only profession where when times get tight the worker bee's have to give back to keep the company going while management still trys to figure out where to go boating this weekend. Just raise ticket prices already! Southwest can't carry everyone!
 
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mamba20 said:
Exactly right Lowecur, SWA isnt making nearly as much money as it sounds like they. Still in the black but just about breaking even.

You need to lay off the Fox News Channel. Your spin sounds like it came straight from the "Fair and Balanced" network.

What do you mean SWA isn't making "Nearly as much money as it sounds like they are."? Money is money. Who cares if they are in a position to hedge fuel and so they made $139 million. You can't say "We made $139 million selling ice cream, but if we had bought our milk at $4 a gallon we would have lost money." Don't give management ideas because United will use it to try and take more money away from employees.
 

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