Southwest lies about times!

[Rhino]

LUV2, I hope you choose a skilled professional for your retirement planning. If you think data based on 2700 flight/day over a six month period is statistically insignificant, then you really should let someone else do the math for you.

 

[luv2fly]

LUV2, I hope you choose a skilled professional for your retirement planning. If you think data based on 2700 flight/day over a six month period is statistically insignificant, then you really should let someone else do the math for you.

Once again, perhaps you should worry about your own retirement. If you work for WN, maybe you could start a thread discussing the performance of your WN stock options. How have those been treating you lately?

 

[Rhino]

Again, for someone who claims to be familiar with SWA, your ignorance disproves it.

1) Stock options are not part of retirement. They're income when exercised. How much they are worth depends on one's strike price, # of shares, and exercise price. Plenty of time for for the stock price to increase.

2) SWA stock is not permitted in 401k's.

3) Employees may elect to keep their profit sharing in SWA stock, but few I know do. PS is less than 1/3 of one's retirement portfolio, except for those who've been at SWA for 20+ years when the stock exploded.

Although I really do believe you'll need a financial advisor to steer you through retirement planning, you can probably wait awhile since you have a long way to go and maybe you'll grow up at some point.

 

[KCFlyer]

Once again, perhaps you should worry about your own retirement. If you work for WN, maybe you could start a thread discussing the performance of your WN stock options. How have those been treating you lately?

How's Delta's Pension looking these days?

 

[luv2fly]

How's Delta's Pension looking these days?

For me KC, it looks great. A flat 9% defined contribution plan in addition to the 650 million dollar note payable next year. In addition there is the 2.1 billion dollar claim.
Then there is the 401K as well.
For a pilot my age, dumping the defined benefit plan was a no brainer. I'd rather have the DC.
If you would like, I would be more than happy to discuss the new pilot retirement plan over on the DL board.

 

[luv2fly]

1) Stock options are not part of retirement. They're income when exercised. How much they are worth depends on one's strike price, # of shares, and exercise price. Plenty of time for for the stock price to increase.
Or decrease, no? If anything your stock continues to decline.

3) Employees may elect to keep their profit sharing in SWA stock, but few I know do.

Good. It shows the employees know where it is headed. I'll give them credit for that.

Although I really do believe you'll need a financial advisor to steer you through retirement planning, you can probably wait awhile since you have a long way to go and maybe you'll grow up at some point.

It flatters me that you are so concerned for my well being. It really does. I am quite happy with my finacial returns.
I gather your "growing up" comment is directed at my belief that WN financial performance will continue to erode. Or is it directed at my assertion that WN has lied about times? You know, the subject of the original thread that you have attempted to hijack? Would I grow up if I agreed with your assertions? Funny, that would appear childish to me.

 

[hobbes]

Luv2, you seem rather gleeful at what you perceive to be Southwest's decline. What gives?
(Although I don't agree that Southwest is in decline. For the most part, our financial numbers are showing improvement, the last quarter with the London terrorist threats not withstanding.)

If it's just the issue of fudged times (which is now irrelevant due to ACARS), then I would tell you that I seriously doubt Delta is squeaky clean in all their business dealings. Glass houses and all, you know. If ontime performance percentage has been roughly the same since WN started using ACARS - which is has been - it would seem to be a pointless argument anyway.

Regardless, I'm just a little confused as to why you seem to have a personal issue with WN. It seems to me that Delta has their own issues right now - you'd probably do better to focus your emotional energy on them. WN can take care of their own house, thank you very much.

 

[luv2fly]

Luv2, you seem rather gleeful at what you perceive to be Southwest's decline. What gives?

Not at all hobbes. I do not predict WN's demise. Far from it. I do believe WN will experience financial pressures over the next two or three years that is has not experienced before. Once again, my belief, although some tend to agree. See the post entitled luv fades. Take it for what you will.
I was challenged, for some reason, on my retirement and simply responded while trying to redirect to the original topic.
My original assertion about times came straight from multiple sources. I believe those to be true as they have come from your own ranks. Nothing less, nothing more.

 

[KCFlyer]

Not at all hobbes. I do not predict WN's demise. Far from it. I do believe WN will experience financial pressures over the next two or three years that is has not experienced before. Once again, my belief, although some tend to agree. See the post entitled luv fades. Take it for what you will.
I was challenged, for some reason, on my retirement and simply responded while trying to redirect to the original topic.
My original assertion about times came straight from multiple sources. I believe those to be true as they have come from your own ranks. Nothing less, nothing more.

Congrats LUV pilots...you've managed to figure out how to get ACARS to lie. YOu knew you'd never win with these guys.

 

[luv2fly]

Congrats LUV pilots...you've managed to figure out how to get ACARS to lie. YOu knew you'd never win with these guys.

I got news for you KC. ACARS can lie too. Close the door and turn on the beacon on some airplanes and there you go. Some require aicraft movement.
ACARS is not foolproof either.

 

[KCFlyer]

I got news for you KC. ACARS can lie too. Close the door and turn on the beacon on some airplanes and there you go. Some require aicraft movement.
ACARS is not foolproof either.

See what I mean LUV pilots...you'll never win. You will be the ones to make ACARS lie...and although it's possible, your brethern at the other airlines would never do anything like close and lock the freaking door 10 minutes prior to departure, as Delta has done on a couple of flights I was on.

 

[citrus jock]

See what I mean LUV pilots...you'll never win. You will be the ones to make ACARS lie...and although it's possible, your brethern at the other airlines would never do anything like close and lock the freaking door 10 minutes prior to departure, as Delta has done on a couple of flights I was on.

I'm not about to jump into this "yes they lie/no they don't" debate; I just want to make a point in reference to what kc and luv said about closing the door and turning the beacon on: when the flight attendants tell me "Cabin ready", we close the cockpit door, turn on the hydraulic pumps, and the beacon. This completes our "below the line" items on the Before Start checklist, and we then call for push back clearance. At congested airports, it may take a while to be cleared for push back. I sat at a gate in ATL for 45 minutes after initial call while the ramp "controller" continued to put aircraft after aircraft (many who called for push after we had) behind us. On the 717's ACARS, we have a "door closed" time (pay begins), but DOT reported departure times for us are based on aircraft movement (a few feet on the 717). Some airports don't require push clearance, but most of the ones I fly to do.

 

[Rhino]

SWA pilots don't know how to trick ACARS and we don't care. We do the best we can to be on time (as does everyone else) and fly best fuel speeds. If we're late, we're late. Like everyone else I assume.

Once fuel shot up, timeliness became a very secondary issue.

If LUV2 is happy with his current retirement program, then he is in the distinct minority (1) of my acquaintances. I only know two retirement-eligible pilots who didn't bail before Ch 11. One wonders how DAL pilots would have fared had they not drug their feet on concessions when DAL was losing BILLIONS. Their stance was only slightly more irresponsible than UAL's summer of fun.

How any worker does not see that their company's future is their future is beyond me. Especially those collidge kidz up front.

 

[LoyalWNpiece]

Just flew Southworst from ORF to JAX. Sked departure 6:55.Door closed at 7:09am, Southwest website shows skd departure. It certainly isn't fair for the DOT ta accept their word for schedule times when we have to use ACARS.

CaptBud, help me understand what ACARS means, please.

 

[luv2fly]

If LUV2 is happy with his current retirement program, then he is in the distinct minority (1) of my acquaintances. I only know two retirement-eligible pilots who didn't bail before Ch 11.
Well, it really depended on your situation. Your acquaintances who took the money and ran had no option. Those pilots who were 50+years old. Now you have two options available. Take a flat 9% DC plan payable annually for the next 25+years that is in your name and untouchable by the BK process, or roll the dice on a DB plan that may or many not be there in five, ten or in my case, 25 years. DB's in this country are dead. I'll take the negotitated 200k+ in qualified plans,401K contributions and 9% DC any day. Those will equal or better what I would have received under DL's DB plan.

One wonders how DAL pilots would have fared had they not drug their feet on concessions when DAL was losing BILLIONS.
Well, now who is casting aspersions?
We'll see how the WN pilots fare as well. Didn't WN management approach the pilots with the proposal of opening up negotiations early? What was the response of your pilot group again?
WN benefited from the pattern based bargaining of the 90's. You live by the sword, you die by it, and now your group is going to be targeted as uncompetetive.

How any worker does not see that their company's future is their future is beyond me. Especially those collidge kidz up front.
Wow! Such an elitist pompous attitude.
If airline employee groups didn't realize that, they wouldn't have given the concessions that they gave.
I supppose its easier to understand your oversimplistic attitude when you factor in the rose colored WN glasses that you wear. BTW, why the jab at college kids? Did you not attend college?