Southwest Reports Net Loss Due to Fuel Hedges
10-16-2008, 09:22 AM
#31
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Joined APC: Dec 2007
Posts: 1,068
Originally Posted by River6
I'm waiting for the all the union heads to want Gary Kelly's head on a plate. After all I'm sure they will say "Southwest loss money due to his large salary, and poor managment", just give it time that seems to be the unions answer for everything.
Let's see a bar graph of airline CEO salaries. Where do you think GK would fall?
10-16-2008, 09:38 AM
#33
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Joined APC: Oct 2006
Position: In the bunk
Posts: 394
Fuel Hedging is a double edge sword.
As for those people who say the playing field is now level, you seem to have tunnel vision. Fuel hedging was an advantage, but not the only one. SWA still enjoys having one of the lowest CASM in the industry.
As for those people who say the playing field is now level, you seem to have tunnel vision. Fuel hedging was an advantage, but not the only one. SWA still enjoys having one of the lowest CASM in the industry.
10-16-2008, 09:40 AM
#34
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Position: In the bunk
Posts: 394
Originally Posted by ewrbasedpilot
This CAN'T be true. SWA will NEVER lose money according to some on this forum.............. Welcome to the party guys.............
And NO, I don't hate SWA.... I have a lot of good friends there. It's just that many thought this day would never come.....and low and behold, it did. (At least the numbers aren't that bad....yet). Kinda like getting sucker punched, isn't it?
And NO, I don't hate SWA.... I have a lot of good friends there. It's just that many thought this day would never come.....and low and behold, it did. (At least the numbers aren't that bad....yet). Kinda like getting sucker punched, isn't it?
10-16-2008, 09:58 AM
#36
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Joined APC: Dec 2005
Position: Leftof longitudinal
Posts: 1,899
Originally Posted by Check Essential
...The legendary Southwest advantage over all other airlines is evaporating fast.
SWA allegedly has huge hedge positions far into the future. Way more than other companies. That seemed like pure genius up until a month ago. If the collapse of oil prices continues, it could quickly become a serious problem....
SWA allegedly has huge hedge positions far into the future. Way more than other companies. That seemed like pure genius up until a month ago. If the collapse of oil prices continues, it could quickly become a serious problem....
Disclaimer: Am a UPS pony express slug. Oil can blast off again. Seems many detractors assume that low oil will remain permanent, who knows<g>
10-16-2008, 10:24 AM
#38
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Joined APC: Dec 2007
Position: DAL 330
Posts: 6,868
To paraphrase Mark Twain, "Stories of Southwest’s demise have been greatly exaggerated." They are still an extremely competitive and well run company and will continue to be so. On the other hand, to ignore this quarterly loss as insignificant as some SWA guys seem to be doing is also foolish. This industry is constantly changing, the next 10 years aint gonna look like the last 10. SWA's period of year after year 15% domestic growth appear to be over. What’s next - who the hell knows? International flights? Eventually a 737 follow on aircraft? It will be interesting.
Scoop
Scoop
10-16-2008, 10:25 AM
#39
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Joined APC: Nov 2005
Posts: 2,002
Originally Posted by Herkulesdrvr
What is amazing is not only the jealousy, [B]but these are the same whiners on other posts that tell guys working for the[B] Virgin America's of the world that they are bringing wages down. Here at SWA you have industry leading wages bringing up the quality of life of all pilots. People like EWR and waterboarder should be embarrassed to call themselves pilots. Way to go guys, give yourselves a hand, clap, clap, clap.
what's amazing is that you either don't see that or want to see that. you work for jetblue right?
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