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Old 11-07-2007, 06:24 AM
  #31  
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Originally Posted by Eric Stratton View Post
Exactly where do you think the legacy payscales fell to...just around LCC wages. The legacies in the past always tried to keep the wages going forward. Kind of like playing leap frog. What have the LCC's giving us in regards to a better contract. Let me answer that for you...it's nothing that I have ever heard of and for a fact it isn't pay. Southwest leading the pack is by default. I am waiting to see what southwest will do now that they have the lead vs. playing follow the leader. I read one guy say that it takes time to bring the wages up and his carrier has been around for 30 years. that's not a start up anymore. If you don't think that other airlines payrates help or hurt negotiations that's extremely naive. I'm sure southwest, airtran, jetbue, spirit and other LCC management will never bring up how the legacies have lowered their employee cost during negotiations.
Ryan,

I waited a little while to reply because I do have a life other than joining the 1000 post club. Congratulations though anyway.

Talk about naive? If you think for one minute I and many of my fellow pilots at SWA are trying to raise the bar for those at another airline you should get a urinanalysis. Fact is our wages have gone up gradually year after year because the revenue and our worth (productivity) is of value to this airline. Taking two steps forward and then one, two, maybe three backwards is not a game of leap frog. It is a waste of time and frustrating for everyone concerned (customers, fellow employees, recent furloughees, etc.) Slow and steady keeps the blood pressure down.

I really wish one of the pilot's at a so called "legacy" would please address the issue of competition. Do you think you live in a bubble where everything is gonna work out in your favor? Adjust to the LCC's or again beg for subsidization in bankruptcy court. SWA has adjustments to make in the current environment or we too may find our debt to asset ratio as pathetic as much of our competition.
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Old 11-09-2007, 08:59 AM
  #32  
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American, US Air, and Southwest are currently in contract negotiations.

Continental becomes amendable December 2008
United becomes amendable December 2009
Delta becomes amendable January 2010
Northwest becomes amendable December 2011

Don't settle for a subpar contract. These airlines are making hundreds of millions of dollars every quarter.
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Old 11-09-2007, 10:52 AM
  #33  
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Originally Posted by OscartheGrouch View Post
..................... really wish one of the pilot's at a so called "legacy" would please address the issue of competition. Do you think you live in a bubble where everything is gonna work out in your favor? Adjust to the LCC's or again beg for subsidization in bankruptcy court. SWA has adjustments to make in the current environment or we too may find our debt to asset ratio as pathetic as much of our competition.
Just remember what goes around comes around. SWA's turn in the barrel is coming............. BTW, what's up with your crappy stock price???????? Your stock has been dead in the water for a couple of years already. At least the legacies have some stock value out there, unlike SWA!!!

Last edited by ewrbasedpilot; 11-09-2007 at 10:57 AM.
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Old 11-09-2007, 11:49 AM
  #34  
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Originally Posted by OscartheGrouch View Post
Ryan,

I waited a little while to reply because I do have a life other than joining the 1000 post club. Congratulations though anyway.

Talk about naive? If you think for one minute I and many of my fellow pilots at SWA are trying to raise the bar for those at another airline you should get a urinanalysis. Fact is our wages have gone up gradually year after year because the revenue and our worth (productivity) is of value to this airline. Taking two steps forward and then one, two, maybe three backwards is not a game of leap frog. It is a waste of time and frustrating for everyone concerned (customers, fellow employees, recent furloughees, etc.) Slow and steady keeps the blood pressure down.

I really wish one of the pilot's at a so called "legacy" would please address the issue of competition. Do you think you live in a bubble where everything is gonna work out in your favor? Adjust to the LCC's or again beg for subsidization in bankruptcy court. SWA has adjustments to make in the current environment or we too may find our debt to asset ratio as pathetic as much of our competition.
One of the most down to earth posts I've read in awhile.

Originally Posted by ewrbasedpilot View Post
Just remember what goes around comes around. SWA's turn in the barrel is coming............. BTW, what's up with your crappy stock price???????? Your stock has been dead in the water for a couple of years already. At least the legacies have some stock value out there, unlike SWA!!!
The airline sector as a whole is down nearly 30% in the past month. SWA continues to be one of the more expensive stocks out there.
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Old 11-09-2007, 02:51 PM
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Originally Posted by JMT21 View Post
.....................

The airline sector as a whole is down nearly 30% in the past month. SWA continues to be one of the more expensive stocks out there.
Better check the stock prices again. SWA is one of the lowest right now.

Today's closing prices:

LUV $13.23
DAL $16.50
AMR $20.42
CAL $27.78
UAL $40.31
NWA $16.37

Last edited by ewrbasedpilot; 11-09-2007 at 02:57 PM.
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Old 11-09-2007, 05:42 PM
  #36  
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Originally Posted by ewrbasedpilot View Post
Just remember what goes around comes around. SWA's turn in the barrel is coming............. BTW, what's up with your crappy stock price???????? Your stock has been dead in the water for a couple of years already. At least the legacies have some stock value out there, unlike SWA!!!
I'm guessing you're CAL. Attached is 6 month comparison. Not much "stock value" lately there either. I bet the 10% at DAL who passed on the BK claim sale and took the stock instead aren't too excited about their stock value either. Entire sector is crappy, not just LUV.

http://finance.yahoo.com/q/bc?t=6m&s...&z=m&q=l&c=luv
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Old 11-09-2007, 06:11 PM
  #37  
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Originally Posted by ewrbasedpilot View Post
Better check the stock prices again. SWA is one of the lowest right now.

Today's closing prices:

LUV $13.23
DAL $16.50
AMR $20.42
CAL $27.78
UAL $40.31
NWA $16.37
SWA stock is fine. They have a much higher market cap and total shares outstanding than any legacy. I'm not a MBA so my math could be off. Also, there are fewer fluctuations to LUV's price than most legacies.

Tom
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Old 11-10-2007, 07:36 AM
  #38  
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Originally Posted by ewrbasedpilot View Post
Better check the stock prices again. SWA is one of the lowest right now.

Today's closing prices:

LUV $13.23
DAL $16.50
AMR $20.42
CAL $27.78
UAL $40.31
NWA $16.37
Trading prices tell you little. The Price/Earnings (P/E) ratio is the best measure of whether a stock is "expensive" or "cheap."

P/E ratios:
LUV 17.64
AMR 9.74
CAL 6.57
JBLU 32.85
Industry 16.47
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Old 11-11-2007, 03:48 PM
  #39  
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Originally Posted by ewrbasedpilot View Post
Better check the stock prices again. SWA is one of the lowest right now.

Today's closing prices:

LUV $13.23
DAL $16.50
AMR $20.42
CAL $27.78
UAL $40.31
NWA $16.37
Ewr,

Once again I see you have posted with misinformation. Based on the last few posts do you get it or do I have to accuse you of being a flight attendant? Please go back in history and figure out what CAL's stock price should be. I know it will be difficult because of the two bankruptcies but you seem bright so please enlighten us.

Please don't feel too bad because I made the mistake of indentifying Ryan946 but giving Eric Stratton the grief. Must be my rapidly approaching dimensia associtated with the age 60 rule.
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Old 11-12-2007, 04:11 AM
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Originally Posted by OscartheGrouch View Post
Ewr,

Once again I see you have posted with misinformation. Based on the last few posts do you get it or do I have to accuse you of being a flight attendant? Please go back in history and figure out what CAL's stock price should be. I know it will be difficult because of the two bankruptcies but you seem bright so please enlighten us.

Please don't feel too bad because I made the mistake of indentifying Ryan946 but giving Eric Stratton the grief. Must be my rapidly approaching dimensia associtated with the age 60 rule.
Posted with misinformation? Gee, I guess the quotes were wrong then right? Oh, I'm sorry, your statement " SWA continues to be one of the more expensive stocks out there" doesn't leave any room for "interpretation" and means that a person has to go review an airlines stock history to come to the same conclusion that you did. Sorry, my bad. I guess my masters and bachelors in business didn't pay off. I was in the military during CAL's BK's, so please don't lay that happy horsehockey on me. You're right though...........the age 60 retirement can't come too soon for some of you. (And I believe it's dEmenTia and associAted, since you're so smart, but I know flight attendants that actually spell better than you, so I'll refrain from degrading them.
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