SWA profits WITHOUT fuel hedging.
07-19-2006 | 07:55 PM
#11
Line Holder
Joined: Nov 2005
Posts: 59
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From: 757/767 Captain
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.
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.
07-19-2006 | 10:07 PM
#13
Line Holder
Joined: Dec 2005
Posts: 1,062
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From: FO, looking left
My source was MSN money.
This is the link
http://news.moneycentral.msn.com/tic...719&ID=5879718
You are reading it wrong. Just trust me. If you don't believe me, call Southwest investor relations.
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.
07-20-2006 | 05:30 AM
#14
Don't want to participate
Joined: Jul 2005
Posts: 1,016
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From: 737 Left Seat
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.
Last edited by LuvJockey; 07-20-2006 at 05:40 AM.
07-20-2006 | 06:47 AM
#15
Gets Weekends Off
Joined: Oct 2005
Posts: 329
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From: Capt. B737
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.
Otherwise......those of us who understand and can read, not to mention comprehend......congratulate SWA.
07-20-2006 | 08:19 AM
#17
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Joined: Dec 2005
Posts: 1,062
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From: FO, looking left
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).
07-20-2006 | 08:31 AM
#18
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Joined: Dec 2005
Posts: 1,062
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From: FO, looking left
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.
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.
Last edited by ryane946; 07-20-2006 at 08:41 AM.
07-20-2006 | 10:34 AM
#20
Don't want to participate
Joined: Jul 2005
Posts: 1,016
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From: 737 Left Seat
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?
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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