Christmas Presents From Legacy Carriers

[KCFlyer]

Ok, Fly, so you said it better and shorter. Cheers, thanks alot!!

[post="231179"][/post]​

I'm sure your flight crews work well together. But the thing I think the earlier poster was pointing out was that if a bag falls off the cart while the FO is doing the walk around outside, he can pick up the bag and put it back on the cart without having a grievance filed against him. Or, a station manager can climb into the bin of a 737 to help rampers load the belly of the plane, again, without a grievance being filed.

 

[firstamendment]

I'm sure your flight crews work well together. But the thing I think the earlier poster was pointing out was that if a bag falls off the cart while the FO is doing the walk around outside, he can pick up the bag and put it back on the cart without having a grievance filed against him. Or, a station manager can climb into the bin of a 737 to help rampers load the belly of the plane, again, without a grievance being filed.

[post="231254"][/post]​

No arguement here.

 

[insp89]

Hedging fuel does no good if the price stays the same, and you lose money hedging if the price drops.

[post="231165"][/post]​

....While Southwest is reportedly paying $26 / barrel and the rest of the industry is paying well over $40 / barrel, I'd say it's got a LONG way to drop..

 

[goingboeing]

Merry Christmas to SWA employees! You people have a great airline and I HOPE it stays that way.[goingboeing- AA]

 

[JS]

....While Southwest is reportedly paying $26 / barrel and the rest of the industry is paying well over $40 / barrel, I'd say it's got a LONG way to drop..

[post="231420"][/post]​

Southwest's hedging contracts expire in 2006.

 

[LoveFieldFlyer]

Southwest's hedging contracts expire in 2006.

[post="231852"][/post]​

The hedging contracts go beyond 2006. From the 3rd quarter earnings report:

"The Company is over 80 percent hedged for fourth quarter 2004 with prices capped below $24 per barrel; over 80 percent in 2005 at $25 per barrel; 60 percent in 2006 at $31 per barrel; and over 40 percent at $30 per barrel in 2007."

Hedging is an ongoing activity and will not end anytime soon. Check the 4th quarter earnings report in January for an update.

 

[WNjetdoc]

The hedging contracts go beyond 2006. From the 3rd quarter earnings report:

"The Company is over 80 percent hedged for fourth quarter 2004 with prices capped below $24 per barrel; over 80 percent in 2005 at $25 per barrel; 60 percent in 2006 at $31 per barrel; and over 40 percent at $30 per barrel in 2007."

Hedging is an ongoing activity and will not end anytime soon. Check the 4th quarter earnings report in January for an update.

[post="232166"][/post]​

Thanks for the correct info LFF.

 

[gatemech]

Southwest is a great airline.

I do believe that if not for hedging SWA would be showing a lose. Those profits haven't been that big. It is a shame that the fallout from the legacy carriers will someday find its way to the LLC's. At UA the FO doing the walk around doesn't need to pickup a bag that has fallen. There are usually 2 supervisors at each plane ordering the rampers to do that. Top heavy. Whenever I need to buy a ticket I fly SWA. Always cheaper than UA and the experience is much better. Hate to say that about my employer but its true.

Happy Holidays to all
gatemech

 

[WNrforlife]

We are soon going to be the largest, most powerful airline in the industry. I look forward to the day that all "legacy" carriers go belly up. They had their chance to change and blew it big time. Good riddance to all of them. :angry: :angry:

 

[Fly]

LMAO!!!! Until when? Be careful what you wish for. Your neck will be the next one on the chopping block. As the average worker at WN ages, you will find yourselves in the exact same place.

 

[WNjetdoc]

LMAO!!!! Until when? Be careful what you wish for. Your neck will be the next one on the chopping block. As the average worker at WN ages, you will find yourselves in the exact same place.

[post="232323"][/post]​

Fly, WNforlife doesn't speak for us all at SWA, infact for all I know he is a troll, so take what is posted by folks here with a grain of salt. FWIW I have not heard any real SWA employee saying what WNforlife said, he is probably a layed off employee of another airline trying to stir the pot.

 

[WNrforlife]

Fly, WNforlife doesn't speak for us all at SWA, infact for all I know he is a troll, so take what is posted by folks here with a grain of salt. FWIW I have not heard any real SWA employee saying what WNforlife said, he is probably a layed off employee of another airline trying to stir the pot.

[post="232328"][/post]​

No troll, bonafide 4-digit dinosaur ops agent. And I speak for many who are tired of the legacy whiners. :angry: :angry: :angry:

 

[goingboeing]

We are soon going to be the largest, most powerful airline in the industry. I look forward to the day that all "legacy" carriers go belly up. They had their chance to change and blew it big time. Good riddance to all of them. :angry: :angry:

[post="232292"][/post]​

I respect SWA very much and hope it remains a successful airline with good pay and benefits.
If you become a huge airline like AA where I work huge problems with top-heavy management will come with it.Be careful of what you wish for.

I do agree that the management [and somewhat the unions] have blown numerous chances to turn the legacy airlines around.
Chapter 11 protection is killing the legacy carriers that are operating outside of chapter 11.

example: My friends bought a ticket on UAL to fly on an upcoming trip to PVR.They have flown AA for several years but now UAL sold them a ticket for half of what AA charges.This is because UAL is operating with chapter 11 protection and got to re-negoiate aircraft leases[and in some cases not even make payments on the leases and are protected by the BK judge] get cheaper landing fees,and a lot cheaper labor.
There is no way that AA,DAL,CAL,NWA can compete with this.

 

[C54Capt]

example: My friends bought a ticket on UAL to fly on an upcoming trip to PVR.They have flown AA for several years but now UAL sold them a ticket for half of what AA charges.This is because UAL is operating with chapter 11 protection and got to re-negoiate aircraft leases[and in some cases not even make payments on the leases and are protected by the BK judge] get cheaper landing fees,and a lot cheaper labor.
There is no way that AA,DAL,CAL,NWA can compete with this.

[post="232413"][/post]​

No carrier can compete with UAL's pricing tactics long term, but time is not on UAL's side. They can not keep this game up indefinately.

 

[WNjetdoc]

No carrier can compete with UAL's pricing tactics long term, but time is not on UAL's side. They can not keep this game up indefinately.

[post="232420"][/post]​

Seems like chapter 11 is a loophole then, why don't all airlines file it and play the game? Whats the draw back for being in chapter 11?