Originally Posted by TANSTAAFL

OMG, we better prepare to give the company money in 2013, they can't afford to give us pay raises, and if they do they'll have to give everyone a raise as well, and they might unionize, oh my! Can't wait for the union to tell us we might have to lower our expectations cause of the price of oil - but of course we'll get a profit sharing check when things are better

Originally Posted by sailingfun

SWAPA has never accomplished much of anything. They have piggy backed off of the rest of the pilot world. How did they get their current pay rates. The Delta 3B6 rates on the 737 NG and the Delta and UAL 2001 contracts. What did they achieve then? 20 percent lower rates then the industry.
They have what they have because the company has good management and made 5 billion dollars hedging heating oil.
Scope at SWAPA? The company has never pushed them for RJ and does not want them. No accomplishment on SWAPA part.
The one thing that SWAPA does do well is make sure they work with the company to insure the companies long term success. What a concept!

By the way, SWAPA is not happy with their current position. They don't like where their cost structure is now and the impact it has had on career progression at SWA. That is why they have made no real effort to really raise the bar and have agreed to two contracts and extensions with very small raises. They don't want to be at the top. They want their company to regain its historical huge cost advantage so they can go back to the days of 5 year captains.

Originally Posted by Flamer

Was this supposed to be a slam against SWA? Sounds like a kicka$$ job by SWAPA to me. Maybe DALPA should take some notes.

Originally Posted by acl65pilot

As of January 31, 2011, our open fuel hedge position is as follows:
Contract Fair
Value at
January 31,
Weighted Percentage of 2011
Average Contract Projected Based Upon
Strike Price Fuel Requirements $92 per Barrel of
(in millions, unless otherwise stated) per Gallon Hedged Crude Oil
Year ending December 31, 2011
Crude Oil
Call options $ 2.05 19% $ 239
Collars — cap/floor 2.10/1.78 10 84
Swaps 2.12 9 58
Total 38% $ 381
Year ending December 31, 2012
Crude Oil
Call Options $ 1.97 1% $ 29
Swaps 2.30 1 3
Total 2% $ 32
For 2010, aircraft fuel and related taxes, including our Contract Carriers under capacity purchase agreements, accounted for $8.9 billion, or 30%, of our
total operating expense, including $89 million of net fuel hedge costs. The following table shows the projected impact to aircraft fuel expense and fuel hedge
margin for 2011 based on the impact of our open fuel hedge contracts at January 31, 2011, assuming the following per barrel prices of crude oil:
Fuel Hedge
Year ending December 31, 2011 Margin
(Increase) Received from
Decrease to Hedge Gain (Posted to)
(in millions) Fuel Expense(1) (Loss)(2) Net impact Counterparties
$60 / barrel $ 2,786 $ (496) $ 2,290 $ (126)
$80 / barrel 1,054 (230) 824 4
$100 / barrel (677) 345 (332) 387
$120 / barrel (2,409) 996 (1,413) 999
(1) Projections based on the decrease (increase) to fuel expense as compared to the estimated crude oil price per barrel of $92 and estimated aircraft fuel
consumption of 3.6 billion gallons for the 11 months ending December 31, 2011.
(2) Projections based on average futures prices per gallon by contract settlement month.

Originally Posted by firstmob

Great post ACL

Originally Posted by Ralphie

I disagree, it confused the hell out of me.

Originally Posted by Gearjerk

Originally Posted by johnso29

How can we consistently suck this bad?? Are we ever going to get better?

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