Southwest 2nd Quarter
#22
#23
I certainly don't hate SWA, but 2nd quarter performance was not good. $112 million net profit on 3.2 billion in revenue equals a margin of 3.5%. UAL and DAL margins were 5.7%. 15 Cents per share is also not great. It means SWA has way too many shares outstanding. They need to stop handing those shares out like candy.
While these earnings weren't great, SWA has relatively low debt and 3.4 Billion in unrestricted cash. That comes from being a well run company for a long time.
Carl
While these earnings weren't great, SWA has relatively low debt and 3.4 Billion in unrestricted cash. That comes from being a well run company for a long time.
Carl
#25
Gets Weekends Off
Joined APC: Sep 2009
Posts: 190
Lots of chest thumping and horn tootin' going on here. Just remember, SWA will also post profits the next two quarters while every other airline resumes record breaking losses and dole out record breaking bonuses to their execs.
#26
Super Moderator
Joined APC: Dec 2007
Position: DAL 330
Posts: 6,851
I am not sure about resuming record breaking losses ( I hope not) but I would not be one bit surprised with record breaking bonuses.
Scoop
#29
Line Holder
Joined APC: Aug 2009
Posts: 32
The hedges didn't run out, they are actually upside down, cost the company over $100 million of the profit. SWA still owes a lot of money on bad hedges, and this will be holding SWA down for a little while. Just glad they made some money and we all have jobs. Getting a little interesting over there with the FO vs CA who should get paid in the next contract talks. Still a good place to work, but no longer the place to be. Just reality.
#30
PS. UAL appears to be the champ this round.
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