View Single Post
Old 07-26-2006 | 06:40 AM
  #41  
LuvJockey's Avatar
LuvJockey
Don't want to participate
 
Joined: Jul 2005
Posts: 1,016
Likes: 0
From: 737 Left Seat
Default

Downloaded the quarterly results. In case you're interested, here are the actual numbers...

SWA income before taxes - $515 million
Current quarterly gains from fuel hedges - $225 million (before taxes)
SWA income from unrealized SFAS 133 gains/losses - $96 million (before taxes)

$515 - $225 - $96 = $194 million profit (before taxes).

At approximately 30% tax, net income would be $135 million.

Since SWA also paid out approximately $25 million more in profit sharing due to hedging gains, that would bring the total profit to around $160 million.

SWA has also started purchasing hedges into 2010. Not sure how the cost of those contracts is accounted for in the current quarter.

Last edited by LuvJockey; 07-26-2006 at 06:45 AM.
Reply