But My Airlines Cannot Afford A Raise...
11-03-2007 | 09:10 AM
#1
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From: Sabre 60
But My Airlines Cannot Afford A Raise...
I wanted to post some recent financial results from the United States largest 7 airlines.
(These numbers are in MILLIONS of dollars. They represent Net Income, not those crazy $23 billion dollar paper profits from exiting bankruptcy)
Combined over the past 6 quarters (1.5 years), these 7 airlines have made a combined 5.19 BILLION dollars.
That means each airline is average close to $500 Million dollars a year.
Your airline can afford it!
(These numbers are in MILLIONS of dollars. They represent Net Income, not those crazy $23 billion dollar paper profits from exiting bankruptcy)
Code:
AA UAL DAL CAL NWA USAIR SOUTHWEST 2Q06 291 119 175 198 179 305 333 3Q06 15 190 52 237 252 -78 48 4Q06 17 -61 -179 -26 -267 12 57 NET06 231 -58 -308 343 35 303 499 1Q07 81 -152 -6 22 -292 66 93 2Q07 317 274 274 278 273 263 278 3Q07 175 334 220 241 244 177 162
That means each airline is average close to $500 Million dollars a year.
Your airline can afford it!
11-03-2007 | 10:35 AM
#4
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It's going to be interesting negotiations when the sabre rattling with Iran stops and the pen-striped suits of Wall St. lose their glutes on oil futures.It's important for SWA to hold the line, and for the rest of us to, "take it back." I'm not trying to kill the golden goose, but get back SOME of what we lost. I too agree that if an airline has repetitive 200M quarters at 80+ oil, then at 60-70 oil, net profits should exceed a billion easily. The question is can we get the futures trading under control? I know there are a million other geographical and geopolitical reasons for high oil, but as far as I'm concerned the futures traders are the biggest culprit.Tom
11-03-2007 | 01:34 PM
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11-03-2007 | 03:45 PM
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I wanted to post some recent financial results from the United States largest 7 airlines.
(These numbers are in MILLIONS of dollars. They represent Net Income, not those crazy $23 billion dollar paper profits from exiting bankruptcy)
Combined over the past 6 quarters (1.5 years), these 7 airlines have made a combined 5.19 BILLION dollars.
That means each airline is average close to $500 Million dollars a year.
Your airline can afford it!
(These numbers are in MILLIONS of dollars. They represent Net Income, not those crazy $23 billion dollar paper profits from exiting bankruptcy)
Code:
AA UAL DAL CAL NWA USAIR SOUTHWEST 2Q06 291 119 175 198 179 305 333 3Q06 15 190 52 237 252 -78 48 4Q06 17 -61 -179 -26 -267 12 57 NET06 231 -58 -308 343 35 303 499 1Q07 81 -152 -6 22 -292 66 93 2Q07 317 274 274 278 273 263 278 3Q07 175 334 220 241 244 177 162
That means each airline is average close to $500 Million dollars a year.
Your airline can afford it!
That's great, but UPS made almost that much last year alone.
11-03-2007 | 09:12 PM
#9
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From: FO, looking left
11-03-2007 | 09:47 PM
#10
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From: 765-A
Yes, they are hedged below $95. But when oil was approaching $70 a barrell and we were making pre bankrupcy wages, the airlines were crying bloody murder about the cost of fuel. I hear no such cries now. Just something to make you wonder....
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