More Great News for you SWA poolies!
01-23-2009, 07:02 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Feb 2007
Position: 737 FO
Posts: 139
More Great News for you SWA poolies!
If you have read the Company's earnings release today you clearly saw where our CEO announced zero planned growth for 2009 and 2010. That news is a significant setback for our pilot group. The Company will take delivery of 9 new aircraft in 2009 and as of this writing will retire older classic aircraft to end the year with 535 aircraft, down from 537 in 2008. Additionally, 2010 and 2011 delivery schedules have been modified with 2010 now down to 10 aircraft delivery. Unfortunately, the Company is planning 10 retirements in 2010.
Welcome to the new southwestern airways, Herb is gone, and GK is in full control
Welcome to the new southwestern airways, Herb is gone, and GK is in full control
01-23-2009, 07:15 AM
#5
Gets Weekends Off
Joined APC: Jun 2006
Position: A320
Posts: 1,347
Ask yourself how you'd grow SWA if you took the reigns. In the current economic climate how can you justify growth for growth's sake?
01-23-2009, 07:28 AM
#6
Gets Weekends Off
Joined APC: Sep 2006
Position: B-737
Posts: 392
Coincidence? I think not. However, it's probably just as unrealistic to assume the SWA would continue growing into perpetuity. My only criticism is that they probably should have pocketed some of that fuel hedge money for a stock buy back or a special dividend rather than continue to pass it along in reduced fares. JMHO. Still a great place comparitively...
01-23-2009, 07:37 AM
#7
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,426
Plans come and plans change. If the economy improves they can change the delivery schedules fast or retire fewer aircraft. The point to point markets in the US are tapped out. SWA is adapting by going more to a hub model but they days of 10 percent year over year growth are I suspect over forever for SWA unless a major airline goes under.
On the subject of fuel hedges a friend who was a assistant CP at SW was at a meeting where the CEO stated that they intended to use their fuel hedges to drive one or possibly two major airlines out of business. It almost worked. They came very close. That is why they they kept the fares so low.
On the subject of fuel hedges a friend who was a assistant CP at SW was at a meeting where the CEO stated that they intended to use their fuel hedges to drive one or possibly two major airlines out of business. It almost worked. They came very close. That is why they they kept the fares so low.
01-23-2009, 07:49 AM
#8
Line Holder
Joined APC: Aug 2008
Position: 737 F/O
Posts: 75
Uggh, the hits just keep coming, anyone know how many pilot retirements are scheduled for next year? I know not all the age 60 + guys aren't sticking it out are they? I think I will be in one of the first classes once they start again but I am really hoping I am not waiting until 2010 or worse.
01-23-2009, 08:26 AM
#9
Gets Weekends Off
Joined APC: May 2008
Position: 756 FO
Posts: 319
I really cannot believe that people are surprised about this one... I like WN as the next guy and always appreciate the ride both when revenue and non-reving but the loads have fallen off a cliff. AA, UAL (not shocking), US are losing lots of money.
I would be happy that WN is looking at that above mentioned fact and maintaining profits were they exist. Just be happy they are not furloughing.
I would be happy that WN is looking at that above mentioned fact and maintaining profits were they exist. Just be happy they are not furloughing.
01-23-2009, 08:57 AM
#10
Gets Weekends Off
Joined APC: Apr 2005
Position: 737 F/O
Posts: 500
Uggh, the hits just keep coming, anyone know how many pilot retirements are scheduled for next year? I know not all the age 60 + guys aren't sticking it out are they? I think I will be in one of the first classes once they start again but I am really hoping I am not waiting until 2010 or worse.
The next SCHEDULED retirements won't be until Dec 2012
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