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SWA profits WITHOUT fuel hedging.

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Old 07-22-2006 | 12:50 PM
  #31  
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Originally Posted by UPS A-380 pilot
Chicken feed compared to what we will post next week. And that is WITHOUT fuel hedges!!!!
Man I'm with you. Reading the "big time guys" fighting over two weeks profit for brown or pruple is getting better by the day. Yawner
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Old 07-22-2006 | 03:05 PM
  #32  
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Originally Posted by R1200RT
Man I'm with you. Reading the "big time guys" fighting over two weeks profit for brown or pruple is getting better by the day. Yawner
Shouldn't you guys go over to the Cargo forum for this love-fest?
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Old 07-22-2006 | 03:10 PM
  #33  
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Default Disregard the the Cargo haulers

Get some class fellas!
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Old 07-22-2006 | 03:21 PM
  #34  
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Originally Posted by LuvJockey
Grumman - are you asserting that the $225 million in hedging gains that you listed were post or pre-tax, and post-or pre-profit sharing?
I'm not asserting anything, just relaying the message. I know the overall $273M net income includes tax and profit sharing expenses and I know what Gary said on Friday - he verbally subtracted $225 from $273 when discussing our quarterly performance. Tax and profit sharing expense wrt the $225 was not addressed. Even though I am staying in a Holiday Inn, we have now reached the limit of my financial expertise.
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Old 07-22-2006 | 07:00 PM
  #35  
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Thanks Grumman - that's info I needed. I think that SWAPA should know about that. That's not accurate information. If GK is telling our new-hire classes that, I think maybe our contract negotiations are now in full gear.

48 million is not correct, not by a long shot.
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Old 07-23-2006 | 08:02 PM
  #36  
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Originally Posted by grumman
Shouldn't you guys go over to the Cargo forum for this love-fest?
Not really, the term "Major" doesn't say passenger does it? Perhaps there should be a heading "Passenger" but until there is a "Mega Major" we'll have to hang here too. Largest wide body fleet in the world and takes in a billion every two weeks should count for something. This thread is bickering over the what company makes.... who cares?
I just think it's silly for guys to fight over what airline makes what. Doesn't really matter to the line guys. If you have a job be happy and enjoy it. If you don't good luck!
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Old 07-23-2006 | 09:33 PM
  #37  
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It matters because we are in contract negotiations, why can't y'all see that? When UPS/FedEx get raises, I say that's great, it helps the profession. Hey, if they're making ten times that, by god, go and demand ten times SWA compensation. If they get it, I say that's great. I would think that everyone else would want us to get the best wage possible, it would bolster their own cases in their own negotiations. Hey, that's just me thinking out loud, though. The short-sighted passenger pilot would want us to fail and take concessions - that would put our already low costs significantly below everyone elses. Ask yourself if that would be good for the professsion.
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Old 07-24-2006 | 06:08 AM
  #38  
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Originally Posted by LuvJockey
It matters because we are in contract negotiations, why can't y'all see that? When UPS/FedEx get raises, I say that's great, it helps the profession. Hey, if they're making ten times that, by god, go and demand ten times SWA compensation. If they get it, I say that's great. I would think that everyone else would want us to get the best wage possible, it would bolster their own cases in their own negotiations. Hey, that's just me thinking out loud, though. The short-sighted passenger pilot would want us to fail and take concessions - that would put our already low costs significantly below everyone elses. Ask yourself if that would be good for the professsion.
FedEx and UPS have been in the same boat for a long time too, I haven't had raise in 7.5 years (contractually). I know at FedEx it's been 2.5 years since our contract expired. Get all you can and work as little as you have too. From my buddies at SWA you guys seem to work a lot of exrta. For me it's all about the quality of life not the hourly rate. Not sure why fellow pilots seem to want SWA to trip and fall. I think SWA is great and so do 99.9% of your fellow pilot around the world.
Get your guys to stop flying extra for a month and you'll get any deal you want. Same here but it's hard to get guys to step up and only do 100% of their job (we are our own worst enemy) IMHO
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Old 07-24-2006 | 04:39 PM
  #39  
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Originally Posted by R1200RT
Not really, the term "Major" doesn't say passenger does it? Perhaps there should be a heading "Passenger" but until there is a "Mega Major" we'll have to hang here too. Largest wide body fleet in the world and takes in a billion every two weeks should count for something. This thread is bickering over the what company makes.... who cares?
I just think it's silly for guys to fight over what airline makes what. Doesn't really matter to the line guys. If you have a job be happy and enjoy it. If you don't good luck!
Isn't it just as silly for box haulers to compare their "two-week profit" to an airline's quarterly earnings? There is no comparison - which is why I TIC suggested you go have a brown and purple reach-around somewhere else. After all - this thread is about SWA earnings and fuel hedges.

You fly airplanes - yes largest widebody fleet in the world too - glad to hear it. But besides that, we are in a different business. To quote you from your earlier post - Cargo earnings - "yawn". Airline earnings - we (airline guys) all care. In case you haven't noticed, quite a few airlines are bankrupt, including one I used to work at, beacuse we had no earnings. So, I beg to differ on your views on whether airine profits matter to line pilots.

We don't have the luxury of cargo's competitive environment. We would all love to have cargo's pricing power and signficantly less concern about cost control. Who do you think is more easily able to pass along fuel costs to the consumer - airlines or freight?

So, if you want to pat yourself on the back for your corporate profit that dwarfs us poor people-haulers - go ahead. My FDX and UPS buds hang their head in shame for you. They all at least acknowledge that the dice rolled their way, many were turned down at airlines or could not get an interview, and they used to ***** about the freight life pre-911. Well, they now count themselves as being very fortunate. I know none of them would be on here disparaging airline profits - or lack of - with a boastfull "yawn."
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Old 07-24-2006 | 05:07 PM
  #40  
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Originally Posted by grumman
Isn't it just as silly for box haulers to compare their "two-week profit" to an airline's quarterly earnings? There is no comparison - which is why I TIC suggested you go have a brown and purple reach-around somewhere else. After all - this thread is about SWA earnings and fuel hedges.

You fly airplanes - yes largest widebody fleet in the world too - glad to hear it. But besides that, we are in a different business. To quote you from your earlier post - Cargo earnings - "yawn". Airline earnings - we (airline guys) all care. In case you haven't noticed, quite a few airlines are bankrupt, including one I used to work at, beacuse we had no earnings. So, I beg to differ on your views on whether airine profits matter to line pilots.

We don't have the luxury of cargo's competitive environment. We would all love to have cargo's pricing power and signficantly less concern about cost control. Who do you think is more easily able to pass along fuel costs to the consumer - airlines or freight?

So, if you want to pat yourself on the back for your corporate profit that dwarfs us poor people-haulers - go ahead. My FDX and UPS buds hang their head in shame for you. They all at least acknowledge that the dice rolled their way, many were turned down at airlines or could not get an interview, and they used to ***** about the freight life pre-911. Well, they now count themselves as being very fortunate. I know none of them would be on here disparaging airline profits - or lack of - with a boastfull "yawn."
Yo grumman, somehow you have read me wrong. I just don't think there is anything a line pilot can do about corporate profits or losses, so why bicker about it. Worry about it but no need to argue, and in this post guys were arguing.
I'd love airlines to be profitable and I hope they all are, I'm not sure where you read me disparaging airline porfits. We pass fuel cost on and so should the airlines but that has nothing to do with the line pilots. Maybe you were in Managment and had some control over that and you should have passed the cost on. I had my time hauling people 90 to 95 and never looked back or thought I was missing out when I went to FedEx ... not a day. My prediction in 1995 was that when the commuters starting getting jets it would be the undoing of the airline business that we (guys I knew) wanted. Sorry to say I was right. 9-11 sped up the process but the all mighty buck would have done the same. It will all trun around and/or change and I know I'm lucky right now, but next year .. who knows?
By the way, I don't pat myself on the back for corporate profit or loss because I have no control over that. I just go from point A to point B and home when I can to see my kids. I'd be happy doing anything and have been. You seem angry if I caused that then hay I'm sorry.
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