Ouch! Any bitterness involved in this post? Sounds like you should replace me as the new "Oscar." Stock options are still a player for everyone here at SWA. We just need to get the price up to a level that is valuable. We can't seem to get anywhere because every time it makes a move one of our competitors gets subsidized in BK or a creditor bails them out. Many folks complain about our fuel hedges not allowing for a level playing field but it is okay to have the bankruptcy court eliminate our competitors bills and destroy their employees retirement funds. Maybe in a few years we can cash in some more stock options after the dust settles.

BTW, Straight from Gary Kelly's mouth to my ears.... "We have already budgeted for the current salary levels and do not expect to ask for give backs." Granted this conversation was a few years ago and things can change but until we start losing money it is not a factor in negotiations without some sort of equity swap.