There is only one thing that matters. Operating profit/loss. That was $183 million for the 4th quarter. Hummm... That is exactly how much Southwest would have lost if they didn't have fuel hedges. INTERESTING!!!
$183 million dollar loss...while still in bankruptcy??? I'd say that's an operating loss for sure! And by the way....17 Billion does matter...especially if you pay taxes here in the U.S. I wouldn't begrudge an executive a bonus...especially if he did his job and kept the company OUT of bankruptcy. Not to mention shareholders. Another chapter altogether. Look, you may be speaking from a wealth of experience, but salting fries has little to do with the airline business.
Interesting link below for those interested.
http://enplaned.blogspot.com/