NEW YORK (MarketWatch) -- Southwest Airlines Co. said Thursday it swung to a first-quarter profit as recovering demand and higher ticket prices more than offset a jump in fuel costs.
Earned $11M vs $91M loss last year, $24M earned excluding one-time items, operating revenue rose 11.6% to $2.6B, modest improvement in demand for business travel measured by full-fare traffic, strong LF and yield trends have continued in April and assuming trend continues they expect another significant yoy unit revenue gain in 2nd quarter 2010, shares $13.60, growing evidence air traffic and particular business travel growing after 18 months in decline, revenue passenger miles rose 1.1% from last year, capacity decreased 6.4%, load factor therein went from 69.9% to 75.9%, average passenger fare climbed nearly 10%, offsetting SWA fuel bill up 17.6% to $821M, resulting in 14.4% increase in CASM and 9.8% excluding fuel.
Full-fare traffic? 10% increase in passenger fare? CASM increase? I thought this was THE low-cost carrier?
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Does anyone have the latest rumors about the next bid or movement of aircraft. I was anticipating (or hopeing for) sooner than later. I think the NY 7ER catagory is getting a little to rough with all the domestic trips and 7am reports out of LGA.
A) Can we contract a Star Alliance airline flying feed for us as a SkyTeam member?
B) Can any other carrier in the U.S. apply to fly for SkyTeam going forward now that CAL left and NWA-DAL are one? i.e. could as ACL once opined could a DCI try to go directly to SkyTeam?
It is a little more complicated than that. RJET could not pull that with Skyteam as it is currently structured. They could fly for them, but NONE of their passengers could connect on an itinerary to a DAL coded flight. We limit Air Carriers and RJET is that. Make Skyteam a airline with a code, and it is its own air carrier. We all become contractors. That was my angle.
Does anyone have the latest rumors about the next bid or movement of aircraft. I was anticipating (or hoping for) sooner than later. I think the NY 7ER category is getting a little to rough with all the domestic trips and 7am reports out of LGA.
It might be time for me to get out.
Early part of May. (read first week to first part of the next week)
Little bit of movement. Partial to fill CVG ER pull down. May see more 88'/90 positions in msp
Maybe an Airbi in ATL.
Since we have 5.6 billion in the bank, do you think Delta has any interest in buying Airtran? We fly to all the same places so I dont see the benefit, but if I were calling the shots I would do anything to keep Southwest out of ATL. What that worth?
Nope, actually DAL needs to competition in ATL, and AAI is a decent competitor. If we bought them, we would need to give up a good portion of their gates, and we all know who would want em. It would cost too many jobs and there needs to be competition in ATL to keep the regulators happy.
Why would an ASA or Skywest be any different than Alaska or Continental?
Read above. EV and SW are no different if the structure of Skyteam is changed. The only difference is that AS has its own section of the PWA as a marketing agreement, SK and EV fall under the DCI categories of flying. Oh and yeah EV does not own their code, DAL does.
There is one little problem with that theory...Legally speaking, there is only one "ALPA". Legally speaking, we both belong to the SAME union. This would work with American and Eagle, because they are different unions. That won't work with ALPA anymore. Either we work TOGETHER on scope, or there will be legal issues.
A lot of the statements made here are nonsensical. The first miss conception that needs to be cleared up is that Skyteam does not make any money. It is a revenue sharing organization that serves as a mechanism for airlines to carry passengers for each other and then through a series of formula's share that revenue with each other. Skyteam does not get revenue from the airlines involved. It distributes the revenue that the airlines earn.
Delta's scope prevents much of what has been mentioned here. It would not matter if ASA joined sky team. They could not feed Delta which would reduce their value to skyteam. In addition Delta's agreement with Skyteam gives them veto authority over new members. If fact for all intents and purposes Delta is Skyteam. They are the biggest boy and on the block and have more control over Skyteam then any other airline in the alliance. Delta brought AirFrance/KLM into Skyteam not the other way around.
As currently structured you are correct. I do not argue that. What has been discussed is a change in what Skyteam once foreign ownership is allowed. That is the point.
Of course none of that can happen today as ASA, RJET and SKW are all air carriers and D-ALPA's PWA prohibits this sort of thing with an air carrier. Our PWA is the controlling document of our code.
Going forward, a Skyteam code where we become a contractor of the skyteam code much like EV, OH, XJ and the like are now. That was the point. It was forward looking. (10 years)