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-   -   SWA profits WITHOUT fuel hedging. (https://www.airlinepilotforums.com/major/4958-swa-profits-without-fuel-hedging.html)

Brown Dog 07-19-2006 07:55 PM

The villiage special person
 
Now that's funny. I thought the word EXCLUDING was fairly straight forward. I think we're all being messed with by Ryan. He's got to laugh his ass off after every post.

I say congrats to SWA and American. I hope everyone becomes highly profitable again in the near future. It benefits all of us and is much more healthy than what we've been experiencing.

av8r4aa 07-19-2006 08:37 PM

Nice job!
 
Nice Job SWA!

Maybe we all can take next weekend off to celebrate.
I will ask my Cheif Pilot what he thinks of my idea.

ryane946 07-19-2006 10:07 PM

My source was MSN money.
This is the link
http://news.moneycentral.msn.com/tic...719&ID=5879718


Originally Posted by Reputable News Sources
The airline received a $225 million cash benefit from its hedging position during the quarter.


You are reading it wrong. Just trust me. If you don't believe me, call Southwest investor relations.

LuvJockey 07-20-2006 05:30 AM

Maybe he is that dense...or a liar...or a bull****ter. If you want a good short book, try the book "On Bull****" by H.G. Frankfurt. It's an entertaining short book on why liars are less dangerous than bull****ters.

Daytripper 07-20-2006 06:47 AM


Gary C. Kelly, CEO, stated: "We are delighted to report a record quarterly earnings performance. Excluding SFAS 133 items, our second quarter 2006 earnings of $273 million increased 87 percent over last year's earnings of $146 million, despite significantly higher fuel prices.
This quote is directly from the SWA web site...under "investor relations". When you do some RESEARCH........you'll learn that SFAS items...particularly #133 involves accounting of hedging contracts and how they integrate into the balance sheet. CEO Gary Kelly clearly stated "excluding SFAS 113 items". If he was incorrect.....the SEC would take great exception to it. It's considered criminal to not tell the truth. If in your wisdom....he has lied, feel free to contact the SEC.

Otherwise......those of us who understand and can read, not to mention comprehend......congratulate SWA. ;) :D

sgrd0q 07-20-2006 06:56 AM

Well, if the income doubled but the hedges stayed the same, how can you say that the extra profits are due to hedging?

ryane946 07-20-2006 08:19 AM

Ok daytripper. If southwest really made 100+ million dollars WITHOUT fuel hedging (ya right), how much did they make with fuel hedging? I want to see both of your numbers. Then I can laugh when you really look at both the numbers (and see how close they are).

ryane946 07-20-2006 08:31 AM

Ok daytripper. Simple question that should be incredibly easy to answer.

If Southwest made $273 million excluding fuel hedging, and they saved $225 million from fuel hedging, how much was their actual profit this quarter??

Was it really $498 million dollars?? Ya right! Why is no one advertising that number. You are wrong. $273 million is their profit. $225 million is their savings from fuel hedging. Remember 1st grade math. Subtract. You get a whopping $48 million (During the strongest quarter of the year).

Oh, P.S. American made $291 million. Continental made $198 million. Looks like Southwest is cominig out of their protective bubble.

Daytripper 07-20-2006 08:55 AM

Contact the SEC, on behalf of all shareholders.


Looks like CAL did OK, too.

Breathless with anticipation on the UAUA numbers. Gonna be staggering!!:D

LuvJockey 07-20-2006 10:34 AM

Hey Ryan - here's another question for you...
If I make $150,000/year as a first officer, and win $1 million in the lottery, then pay a grand total of $450,000 in income tax for the year, would I have lost money had I not won the lottery? After all, $150,000 - $450,000 = $300,000 loss, right? Ya get it yet?


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