Originally Posted by
tsquare
Kick ***.... If you are online at 10am today...
click for the earnings webcast. Premarket trading was up over $1.30
And FWIW, Mr Anderson told us the truth at the LCP meeting in March about this. (Not that I had any doubt.. ) but I am just pointing out that the gouge we have been getting at those meetings has been truthful and spot on.
Listening to the earnings conference call.
717 taking 42 deliveries in 2014. Total cost of these planes will be less than 10 million per copy and expect them to be in the fleet for 12-20 more years. No upfront capital used to acquire these ac.. thanks Southwest!
The 737 900er are cash flow positive from day 1. I assume this means we are paying cash as they are delivered?
For those with a pension, fully funded 2014 requirements in the first quarter. In addition contributed an additional 250 million above those 2014 requirements.
NYC. Rasm increases double digit increase in April. Expect nice profit from the NYC this year.
SEA nice gains in this market.
45% of first class seats being sold a 5% increase
retiring 70 50 seat rjs this year.
added 24 mainline ac retired 15 so far this year
9.1 billion net dept.
interest expense savings of 100 million for 2014.
7 billion in net debt in 2015 ahead of schedule.
Q&A
pilot question from JP Morgan
question pertaining to pilots wants in the next contract. Richard says he is not concerned as we have good working relationship with the pilot's. Certainly jumped around the question.
This quarter 7 fewer airframes in The fleet. Not sure if they are mainline only or if this includes Rj's as well.
SEA
All domestic routes were profitable in the month march. Expect to be SEA largest Carrier by revenue in the third quarter of this year. Ahead of expectations, Sea will continue to grow WOW
VERY BULLISH on future.