Southwest 737-800's
#12
Line Holder
Joined: Mar 2011
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By the end of May there is suppose to be 10 737-800's on property. A total of 25 from Boeing is due by the end of the year. All 10 of these AC will be ETOPS. An additional 10 are coming from a lessor and will not be ETOPS certified.
#16
So how many of those -800's are from the AirTran acquisition? The ones that they had on order but weren't delivered.
#17
Gets Weekends Off
Joined: Jul 2010
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From: window seat
#18
Gets Weekends Off
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From: 757/767
Southwest delays 737 deliveries, boosts dividend
Southwest will delay deliveries of new planes; CEO wants to stay out of petroleum business
By Joshua Freed, AP Airlines Writer
Southwest Airlines is pushing back delivery of 30 Boeing 737s to save money and get a better return on its investment, the airline's CEO said on Wednesday at its annual shareholder meeting.
Southwest got its first 737-800 from Boeing Co. in March. It had planned to get 20 more next year and 10 more in 2014. Now those deliveries will be pushed back to 2017 and 2018, according to chairman, president, and CEO Gary Kelly.
He said Southwest will save more than $1 billion through 2014 with the delays. And Kelly said he wants the airline to hit its targets for return on its investments before its fleet grows. Southwest's fleet size next year will be the same as this year or down slightly, he said. Southwest flies only 737s, and it had 558 at the end of March. Its AirTran unit flies 737s as well as 717s.
Kelly also said Southwest won't be getting into the petroleum business anytime soon. Delta Air Lines Inc. is buying an oil refinery to make or trade for 80 percent of its domestic fuel needs, and raising the question of whether other airlines might want their own refineries, too. Jet fuel has become the largest single expense for airlines — $6.5 billion for Southwest this year, Kelly said.
When a shareholder asked Kelly whether the airline would think about buying a natural gas field as a hedge against rising fuel prices, Kelly acknowledged that managing its fuel costs "is a huge challenge." Southwest already enters into derivative contracts to try to soften the price swings of jet fuel. Getting into the natural gas business would force it to manage that risk, too.
"In all humility, we would admit to you, we don't know the oil and gas business, and the airline business keeps us pretty busy as it is," Kelly said. "We don't want to take what is already a high-risk business and make it even riskier."
Southwest also said it will boost its share repurchases, and it doubled its quarterly dividend to a penny per share, from 0.45 cents per share previously.
Southwest previously authorized up to $500 million in share repurchases, of which it has spent $325 million. On Wednesday It raised its ceiling for repurchases to $1 billion. Southwest held its annual meeting in Dallas, where it is based. On Wednesday its shares rose 17 cents, or 2 percent, to $8.24 in afternoon trading following the dividend and jet-deferral news.
Southwest will delay deliveries of new planes; CEO wants to stay out of petroleum business
By Joshua Freed, AP Airlines Writer
Southwest Airlines is pushing back delivery of 30 Boeing 737s to save money and get a better return on its investment, the airline's CEO said on Wednesday at its annual shareholder meeting.
Southwest got its first 737-800 from Boeing Co. in March. It had planned to get 20 more next year and 10 more in 2014. Now those deliveries will be pushed back to 2017 and 2018, according to chairman, president, and CEO Gary Kelly.
He said Southwest will save more than $1 billion through 2014 with the delays. And Kelly said he wants the airline to hit its targets for return on its investments before its fleet grows. Southwest's fleet size next year will be the same as this year or down slightly, he said. Southwest flies only 737s, and it had 558 at the end of March. Its AirTran unit flies 737s as well as 717s.
Kelly also said Southwest won't be getting into the petroleum business anytime soon. Delta Air Lines Inc. is buying an oil refinery to make or trade for 80 percent of its domestic fuel needs, and raising the question of whether other airlines might want their own refineries, too. Jet fuel has become the largest single expense for airlines — $6.5 billion for Southwest this year, Kelly said.
When a shareholder asked Kelly whether the airline would think about buying a natural gas field as a hedge against rising fuel prices, Kelly acknowledged that managing its fuel costs "is a huge challenge." Southwest already enters into derivative contracts to try to soften the price swings of jet fuel. Getting into the natural gas business would force it to manage that risk, too.
"In all humility, we would admit to you, we don't know the oil and gas business, and the airline business keeps us pretty busy as it is," Kelly said. "We don't want to take what is already a high-risk business and make it even riskier."
Southwest also said it will boost its share repurchases, and it doubled its quarterly dividend to a penny per share, from 0.45 cents per share previously.
Southwest previously authorized up to $500 million in share repurchases, of which it has spent $325 million. On Wednesday It raised its ceiling for repurchases to $1 billion. Southwest held its annual meeting in Dallas, where it is based. On Wednesday its shares rose 17 cents, or 2 percent, to $8.24 in afternoon trading following the dividend and jet-deferral news.
#19
{EDIT}Whoooops....poster above beat me to it
Don't know if I'd get excited about all those 737s just yet......
Southwest delays 737 deliveries, boosts dividend - Yahoo! Finance
Don't know if I'd get excited about all those 737s just yet......
Southwest delays 737 deliveries, boosts dividend
Southwest Airlines is pushing back delivery of 30 Boeing 737s to save money and get a better return on its investment, the airline's CEO said on Wednesday at its annual shareholder meeting.
Southwest got its first 737-800 from Boeing Co. in March. It had planned to get 20 more next year and 10 more in 2014. Now those deliveries will be pushed back to 2017 and 2018, according to chairman, president, and CEO Gary Kelly.
He said Southwest will save more than $1 billion through 2014 with the delays. And Kelly said he wants the airline to hit its targets for return on its investments before its fleet grows. Southwest's fleet size next year will be the same as this year or down slightly, he said. Southwest flies only 737s, and it had 558 at the end of March. Its AirTran unit flies 737s as well as 717s.
Southwest Airlines is pushing back delivery of 30 Boeing 737s to save money and get a better return on its investment, the airline's CEO said on Wednesday at its annual shareholder meeting.
Southwest got its first 737-800 from Boeing Co. in March. It had planned to get 20 more next year and 10 more in 2014. Now those deliveries will be pushed back to 2017 and 2018, according to chairman, president, and CEO Gary Kelly.
He said Southwest will save more than $1 billion through 2014 with the delays. And Kelly said he wants the airline to hit its targets for return on its investments before its fleet grows. Southwest's fleet size next year will be the same as this year or down slightly, he said. Southwest flies only 737s, and it had 558 at the end of March. Its AirTran unit flies 737s as well as 717s.
Southwest delays 737 deliveries, boosts dividend - Yahoo! Finance
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