3 Quarter Tops Revenue

[does this plane go to paris]

Congratulations WN Employee's on this and your record Profit Sharing.
 
Highlights include:
 
Record 3rd Quarter  Net Incoome
 
Record 3rd Quarter GAAP net Income
 
ROIC for the year ended Sept. 30th, is 30.1%
 
$484 Million so for in Profit Sharing for Employees for the year.

 

[swamt]

Thx paris.  So far everyone is reporting record 3Q.  This is great for the airline industry for a change.  We all need many many more Q's like this to make up for the losses of the last decade plus...
 
Lower fuel costs help propel Southwest Airlines to record $623M net profit in Q3

 

[robbedagain]

agree swamt   a huge congrats to all of the hard working folks at WN   Keep up the excellent work

 

[WorldTraveler]

most of the improved earnings for the industry came from lower fuel prices. WN's difference is that its labor costs are already up 24% year over year - and that is without settling most of its contracts. it is clear that bringing FL employees up to WN pay scales has been costly.

 

[swamt]

agree swamt   a huge congrats to all of the hard working folks at WN   Keep up the excellent work

Thx robbed. And thx for the kind words...

 

[Kev3188]

Nicely done WN!

 

[WorldTraveler]

The industry as a whole saw nice results including WN but the vast majority of the improvement has been because of lower fuel prices which have helped airlines across the board implement competitive strategies and pay their people more.....

that is true with WN and it is also true with every other airline.

It is not a knock on any carrier to note that low fuel prices and a strong pricing environment - itself due to consolidation - are reaping strong results for US airlines.

It is equally valid to note where each carrier is increasing their costs and how their costs are growing.... in WN's case, it is more so in increased labor costs than for any other carrier.

Given that WN's labor groups are all trying to get contracts settled, it says that the labor cost increases are due to the FL merger.

No other airline is seeing huge labor cost increases without also increasing the pay rates of one or more labor groups with post merger CBAs.

again, it is not a knock on anyone... just a reality of what is going on and it explains fully why WN mgmt. has been so reluctant to sign new CBAs

 

[does this plane go to paris]

This not related to the earning, but because of such great news, Wall Street sure seems to have fallen back in love with LUV.  Closed at 45.23.  WOW!  Have an order in for sell at 48.50 and I might just make it there sooner than later.

 

[robbedagain]

Np bro

 

[swamt]

This not related to the earning, but because of such great news, Wall Street sure seems to have fallen back in love with LUV.  Closed at 45.23.  WOW!  Have an order in for sell at 48.50 and I might just make it there sooner than later.

Yes WOW!!!   And look at it today very close to going over 47.  More positive numbers just reported for Oct. continuing the record number stretch.  Pretty sure you'll make it to your order price by end of year. Good luck...
 
Southwest Airlines Reports October Traffic

 

[swamt]

Here's some more great numbers to look at.  Although this was accomplished in the 3rd Q (Oct) I have been also reading that SWA expects a 1%-2% increase for Q 4...
 
Shares of the Top 4 U.S. Airlines Soared in October: Here's Why