Originally Posted by
emj55
Wow congrats. I find it funny now that GK sent out that threatening letter about pilot costs. Stand strong boys. Were all depending on you.
"The increase in Southwest's fourth-quarter profit came entirely from gains on fuel-hedging contracts. Without those one-time gains, Southwest would have earned $66 million, or 9 cents per share, down from adjusted income of $115 million, or 15 cents per share, a year earlier."
That, and one of largest airlines in the country is about to take an axe to their operating expenses. I'm not saying they sky is falling for SW. They are a good company and I believe that they have a management team that will manage the changing environment. But, things are changing and there will be even more pressure on the side of costs they can control. I'm thinking GK was managing expectations going forward.