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Old 03-06-2011, 07:36 PM
  #60941  
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Disregard. Delta is the greatest airline in the world.

Last edited by hockeypilot44; 03-06-2011 at 07:52 PM.
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Old 03-06-2011, 07:55 PM
  #60942  
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Well under 80 gross? How the heck did you pull that off? I only had 4 months that were over guarantee and grossed 105...
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Old 03-06-2011, 07:57 PM
  #60943  
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Originally Posted by contrails
Thanks ACL.

That clears it right up.

Lol. That's what I was thinking.
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Old 03-06-2011, 08:01 PM
  #60944  
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Simplified for those of us such as myself who have large foreheads and eyes positioned very close together:

Originally Posted by acl65pilot
As of January 31, 2011, our open fuel hedge position is as follows:

1. Hedge Fuel.
2. Make fun of Southwest.
3. ???
4. Profit
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Old 03-06-2011, 08:09 PM
  #60945  
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I remember a little while back, people making fun of DAL for hedging at what they perceived were high oil prices. It looks like DAL might have made the correct bet this time around.
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Old 03-06-2011, 08:09 PM
  #60946  
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Originally Posted by forgot to bid
Oil, $105.70 now. Climbing.
Amusing, considering that consumption is down and inventory is overflowing.

Reminds me of gold...sure it has inherent value, but if it's THAT self evident, why do you need gold infomercials running 24/7 on the radio stations? You don't pour money into advertising something people are buying anyway.

Last time I saw this was the run up to the real estate bubble...

Nu
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Old 03-06-2011, 08:15 PM
  #60947  
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Originally Posted by NuGuy
Amusing, considering that consumption is down and inventory is overflowing.

Reminds me of gold...sure it has inherent value, but if it's THAT self evident, why do you need gold infomercials running 24/7 on the radio stations? You don't pour money into advertising something people are buying anyway.

Last time I saw this was the run up to the real estate bubble...

Nu
Agreed.

I would bet oil will go down by fall. I cannot buy gold even though everyone is telling me to.

If the dollar collapses it will not matter either way.

As for our hedges, we are hedged at about 85 per bbl for 25% of our fuel consumption. I was looking though the call notes for the exact data but cannot find it on the flash drive I have with me. Must be on the one at home.
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Old 03-06-2011, 08:23 PM
  #60948  
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Originally Posted by 80ktsClamp
Well under 80 gross? How the heck did you pull that off? I only had 4 months that were over guarantee and grossed 105...
I'm on reserve. I commute so I'm away from home 18 days/month. This keeps me from greenslipping or whiteslipping. I rarely break guarantee due to our wonderful raw score system. 70 hours * $93/hour * 12 months is approximately $78,000 for the year. My wife had a C-section that I had to take unpaid family leave for (3 weeks). My gross pay minus per diem was about $75,000 last year. I have a buddy that started at Southwest about the same time as me. He made just over $120k last year.
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Old 03-06-2011, 08:26 PM
  #60949  
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Originally Posted by hockeypilot44
I'm on reserve. I commute so I'm away from home 18 days/month. This keeps me from greenslipping or whiteslipping. I rarely break guarantee due to our wonderful raw score system. 70 hours * $93/hour * 12 months is approximately $78,000 for the year. My wife had a C-section that I had to take unpaid family leave for (3 weeks). My gross pay minus per diem was about $75,000 last year. I have a buddy that started at Southwest about the same time as me. He made just over $120k last year.
He is also a line holder is LAS too correct?
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Old 03-06-2011, 09:34 PM
  #60950  
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Originally Posted by hockeypilot44
I'm on reserve. I commute so I'm away from home 18 days/month. This keeps me from greenslipping or whiteslipping. I rarely break guarantee due to our wonderful raw score system. 70 hours * $93/hour * 12 months is approximately $78,000 for the year. My wife had a C-section that I had to take unpaid family leave for (3 weeks). My gross pay minus per diem was about $75,000 last year. I have a buddy that started at Southwest about the same time as me. He made just over $120k last year.

That sucks about the unpaid leave with your wife, I hope she is doing well. We're going to start trying for our first probably later this year.

You need to learn how to work the reserve system better.. it's not that hard (I used to commute as well). I only got one greenslip last year... that's it. You cannot whiteslip as a reserve, only yellow. Smart yellow slipping can make the difference between poking at guarantee and blowing right through 80+ hours (just ask ACL).

That's neat about your buddy at WN... sucks for him having to spend a career on the cramped noise machine.
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