Q4 numbers are out.

Southwest said the December disruptions reduced its pretax profit in the quarter by $800 million, including $390 million in extra costs, mainly from customer compensation. Lingering effects from the incident are expected to depress revenue in the first quarter by up to $350 million.

Missed its estimates by -304.13 percent. Q1 is also being impacted as cancellations rose.

Your PS is being affected in 2023 along with 2022 being about wiped out. This is incompetence of a very large magnitude.

 

Many of the ones that need to be fired got promotions.

 

Mr. XXXXXX guided his department through one of our most challenging periods and has identified areas which are critical and needing improvement. We are thankful for his leadership and congratulate him on this promotion.

 

"Thankful" is definitely the word I'd use.

Can't wait to see my profit sharing check........

 

Who would you fire? VDV was watching the meltdown and laughing counting his millions at home, he’s already gone. And GK runs the board, not the operation (allegedly). I actually don’t lay this at Andrews or Bobs feet, they were handed an operation with major problems caused by their greedy, Wall Street obsessed predecessors. I’m still not sure how VDV rose so high. But it is up to them now to right the ship. I’m happy to see the $1.3B laid out for technology this year.

 

Hopefully we shop for technology better than we did for the new EFB charging…

 

This was not an operational error as much as a strategic error. The operation worked exactly as it was intended, in 1998. The strategic error was caused by GK and the BOD not doing their job and making sure the company had the tools needed to work in todays environment. GK and BOD treated this place like a piggy bank, with the stock buybacks and not investing in the operation for decades. It’s time they realize it was not their piggy bank to rob. The entire BOD needs to be let go. You start with GK and move down the line. Bob is a puppet, has always been a puppet (though on CNBC he actually did better than I expected). Anyway Bob goes in next 12 months. Andrew keeps his job as I feel he was a network guy before being moved up into the C suite. Anyone tied to GK needs to be shown the door. CK needs to be shown the door…why cause I am vindictive, that’s why.

On a side note today SWAPA should have piled it on them. A WSJ full page talking about the loss and the shareholder suit ongoing. Just hammer them on the financials….it’s time to break some eggs SWAPA.

 

bungee cord refresh for the fuel slip tubes should do it.

 

I hear we got a pretty sweet deal on a new supplier for printer paper too.