Now that they have reported their numbers, here are some comps. Lots of news about assign seating/premuim/red eyes but at the end of the day these iniatives are needed.

Operating Margins

DAL-13.6%
UAL-12.8%
AAL-9.7%
SWA-5.7%
ALK-11.1%

Domestic Capacity

DAL-up 8%
AAL- up 8.6%
UAL-up 5.3%
SWA-up 8.6%
ALK-up 6%

Domestic Yields

DAL-down 2%
AAL-down 6.5%
UAL-down 1.2%
SWA-down 2.7%
ALK-flat

Net cash was still positive at about 2.0 Billion. SWA will seek compensation from Boeing due to aircraft delivery delays. That will probably help pay for the cabin refresh due to lower costs to acquire aircraft from Boeing. Mx was up 29%. Thats horrible. It's definitely hurting the bottom line. Interest income was 130 miilion for the quarter. All that cash sitting making interest. They also paid some PPP warrants in the quarter. I think JBLU and Spirit report next week. Capacity has killed yields. All have indicated the third and forth quarter, capacity will come down and hopefully yields will stabilize. SWA still has a cost problem that will not go away until they get new aircraft. It's as simple as that. They have to make due of what they have.