tsquare

Conference call on right now....

forgot to bid

Thanks for the link.

It's interesting how they don't want to be the best airline, they want to own the transport industry.

duder

Anderson says 19 737-900s delivered this year are cash flow positive from Day 1.

Wow.

tsquare

That is exactly what Mr A said at the LCP meeting. When you get the transcripts from this conference call, run the numbers on their goals for P/E multiple, and EPS growth... I'll leave it at that.

forgot to bid

Did you hear 40+ 717s for "substantially" less than $10M each?


Let's get more.

Timbo

How is "Profit Sharing" considered a "Cost Increase"??

Any profit sharing is accounted for AFTER costs/expenses are subtracted from income, yes? I mean, first you must show a Profit, which comes AFTER costs, but he's saying profit sharing is a "Cost", which it is not, just like Dividends, only it's going to the people who actually -generated- the profit in the first place.

forgot to bid

Was he asking about our C2015?



SEA: Grow again? Or capacity discipline?

Timbo

Yes, and did you LOVE Richard's answer?

"If you look over our track record over the last 8 years, we've always led the industry... (in getting pilots to trade their retirement, pay, benefits, and profit sharing for 3% raises)."

He then goes on to brag about making all this money with '3 less shells' (airframes).

How's that for growth!

Vikz09

Listening to the earnings conference call.

717 taking 42 deliveries in 2014. Total cost of these planes will be less than 10 million per copy and expect them to be in the fleet for 12-20 more years. No upfront capital used to acquire these ac.. thanks Southwest!

The 737 900er are cash flow positive from day 1. I assume this means we are paying cash as they are delivered?

For those with a pension, fully funded 2014 requirements in the first quarter. In addition contributed an additional 250 million above those 2014 requirements.

NYC. Rasm increases double digit increase in April. Expect nice profit from the NYC this year.

SEA nice gains in this market.

45% of first class seats being sold a 5% increase

retiring 70 50 seat rjs this year.
added 24 mainline ac retired 15 so far this year
9.1 billion net dept.
interest expense savings of 100 million for 2014.
7 billion in net debt in 2015 ahead of schedule.

Q&A
pilot question from JP Morgan
question pertaining to pilots wants in the next contract. Richard says he is not concerned as we have good working relationship with the pilot's. Certainly jumped around the question.

This quarter 7 fewer airframes in The fleet. Not sure if they are mainline only or if this includes Rj's as well.

SEA
All domestic routes were profitable in the month march. Expect to be SEA largest Carrier by revenue in the third quarter of this year. Ahead of expectations, Sea will continue to grow WOW






VERY BULLISH on future.

tsquare

Tomorrow, you will have a couple of conference calls to make comparisons.

SWA and UAL