Upgrade time at SWA?

[Yahtzee]

nevermind....

 

[Captain Overs]

Did anybody stop to think that 7s3w7a doesn't really work for Southwest? I don't think he's given any information that would truly show he works for Southwest.

 

[Spectre]

7s3w7a=GENERAL LEE

 

[mdf]

7s3w7a=GENERAL LEE

Nope, I think it is Flopgut. He got real civil all of a sudden, then this guy shows up.

 

[SWAdude]

Now I know why people are leaving for jetBlue.

There is nothing wrong with not being happy with a company. You really have some issues with the working environment at SWA. Life is short. Our work life controls most of our entire life. If I were you I would consider a company that fits more of what I expect in a career. SWA's culture is not going to change very easily for you so I would choose a culture that fits more into your personality. Its tough to make that kind of change, but worth the while. I did the same thing 11 years ago and have zero regrets. Always have.

Good luck.

Respectfully,

SWAdude

 

[SWAdude]

7s3w7a=GENERAL LEE

This guy may have one over me but he did have some details that seemed convincing.

Lets see if he responds to a test.

7s3w7a..

What is the most current hot topic on our union web site?

 

[SWAdude]

Times up.

You were on here for 30 minutes with no answer.

In my opinion this is not an SWA pilot. It was a very easy answer to obtain.

He threatened to send a worm or virus to another poster on another thread. I have a feeling he's going to the box soon.

 

[Tejas-Jet]

Thanks, I would like to retire at age 60 but now I won't be able to.--->Why? You can leave anytime you want....nobody will be holding you back. In fact, I see guys leaving before age 60....it's called "early retirement."
You think when our hedge runs out we are going to be expanding like gangbusters? I don't know but when our hedge runs out after 06' the first order of business won't be to spend money on things like new planes and airports.--->You mean the hedges actually go away completely? They aren't being re-worked...even as we speak? (or type)

Tejas

 

[ivauir]

Yeah, here at SWA we aren't allowd to express opinions againts the senior guys. You think censorship goes on on this board just speak out against the age 60 rule at SWA or junior bashing that occurs with sideletters. Don't even think about speaking against the $160k stolen out of our pockets. It's okay because senior guys make the money and junior guys are working extra days.

Now I know why people are leaving for jetBlue.

I am junior here and this place rocks! I love it amd IF you are really a SWA pilot you should get help. If you are this miserable here you may have a chemical imbalance.

In terms of being censored I expressed my opinion on the age 60 rule (my opposition to SR65) and I recieved thoughtful replies. You on the other hand respond to people who dissagree with you by hurling insults.

Whatever the case you contiue to demostrate terrible taste and judgement by airing our dirty laundry on this forum. Give it a rest. I await your next insult.

 

[radarlove]

Thanks, I would like to retire at age 60 but now I won't be able to.--->You mean the hedges actually go away completely? They aren't being re-worked...even as we speak? (or type)

Tejas

Um, no, I guess you don't understand hedges. You can't "rework" them. Most of the hedges the airlines do are simply futures contracts. A futures contract is today's spot price, which is around $59/bbl, plus the cost of interest on the money for the lengh of the futures contract.

So, there isn't some special place that only LUV knows about to go buy oil for less than $59/bbl. They might be hedging some at $59+, but probably not too much.

 

[dashocho]

Jblu

Good to see you in OAK last month. Glad things worked out. Thanks for being just 10 numbers senior to me as well. Otherwise you leaving would have done nothing to help me!!!! LOL

PS: We all got off probation today!!!!!!!!!

 

[Jim Smyth]

PS: We all got off probation today!!!!!!!!!

As they said in Animal House..................

"Now you go on double secret probation!"

 

[ivauir]

Um, no, I guess you don't understand hedges. You can't "rework" them. Most of the hedges the airlines do are simply futures contracts. A futures contract is today's spot price, which is around $59/bbl, plus the cost of interest on the money for the lengh of the futures contract.

So, there isn't some special place that only LUV knows about to go buy oil for less than $59/bbl. They might be hedging some at $59+, but probably not too much.

Actually, your understanding of the hedges is incomplete, they do NOT reflect todays price, but instead what someone thinks the price will be in the future. As a result we are constantly "reworking" our fuel hedges; our finance department watches the market and takes advantage of fluctuations as they occur. The "special place" that only LUV knows is the place that takes only cash. The hedges are not "runnig out", they just aren't at $26 a barrel anymore.

As a matter of fact, we have just added some hedges through 08, and we didn't pay 59 (I can't remember the price). Basically there are still enough traders willing to bet that the price will fall that we can still hedge below the current market price. At some point the price WILL fall and we'll have paid a premium, but the corresponding economic boom that will result should drive up yeilds and offset that premium price on fuel. Furthermore, we are able to base our business model on a flatter and more predicatable fuel cost. This way we can set ticket prices, buy airplanes, and hire pilots based on real world expense numbers (we already bought most of our gas for 06). This beats the heck out of guessing and then finding out you've been selling tickets too cheap and are losing money, because fuel went up 5 minutes ago.

 

[dashocho]

As they said in Animal House..................

"Now you go on double secret probation!"

Capt. Wormer? Is that you?

 

[radarlove]

Actually, your understanding of the hedges is incomplete, they do NOT reflect todays price

Please don't argue finance if you don't even understand a futures contract.

Here's some homework: go find a futures contract that trades for less than today's price. Yeah, your company couldn't find one either.

but instead what someone thinks the price will be in the future.

No, the futures price is based on today's spot price plus the cost to borrow money for the length of the contract. If it were off, there would be an arbitrage opportunity.

As a result we are constantly "reworking" our fuel hedges; our finance department watches the market and takes advantage of fluctuations as they occur. The "special place" that only LUV knows is the place that takes only cash.

This doesn't make any sense. What do you mean, "only takes cash"? Was that an attempt at a joke?

The hedges are not "runnig out", they just aren't at $26 a barrel anymore.

Sure they are, if I remember the financial press, your company stopped hedging as the price rose significantly. The hedges, in fact, "run out". Because next, you say:

As a matter of fact, we have just added some hedges through 08, and we didn't pay 59 (I can't remember the price)

Why don't you read your own company's financial information? They have a whole paragraph describing the length of the hedges. Hint: they run out.

The reason you don't know the price is because they didn't tell you the price, unless you work in the finance department, which you apparently don't, since you don't understand futures pricing.

. Basically there are still enough traders willing to bet that the price will fall that we can still hedge below the current market price.

Ok, easy enough there big guy. Find me one quoted futures price that is below today's price. If those "traders" exist, then surely you can find the price?