Delta to park 140 aircraft..
05-20-2011, 04:51 AM
#11
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There is one 747 that may go to the desert pending a major check. Expected back for the Spring flying. There are 2 that the leases are coming up on and may go back if the leaser does not drop the price. The planned 747 block hours however are not going to be reduced so no pilot displacements.
No plans to park any 777's. No plans to park any A330's. 45 767's will be going through a long and extensive mod line next winter. There will be a reduction in 767 flying for the winter. Some 757's may get parked. However some are still parked now as well as 1 767 ER.
05-20-2011, 01:25 PM
#12
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FTB,
I agree. SWA uses heating oil (kerosene) futures. Any kind of hedging actually increases the CASM slightly because of the costs associated with the program. Airlines still like it though for the added price stability. My comment was directed at the people that thinks hedges are what keeps airlines in the black.
I agree. SWA uses heating oil (kerosene) futures. Any kind of hedging actually increases the CASM slightly because of the costs associated with the program. Airlines still like it though for the added price stability. My comment was directed at the people that thinks hedges are what keeps airlines in the black.
05-20-2011, 01:53 PM
#13
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FTB,
I agree. SWA uses heating oil (kerosene) futures. Any kind of hedging actually increases the CASM slightly because of the costs associated with the program. Airlines still like it though for the added price stability. My comment was directed at the people that thinks hedges are what keeps airlines in the black.
I agree. SWA uses heating oil (kerosene) futures. Any kind of hedging actually increases the CASM slightly because of the costs associated with the program. Airlines still like it though for the added price stability. My comment was directed at the people that thinks hedges are what keeps airlines in the black.
05-20-2011, 10:41 PM
#14
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I'm no financial rocket surgeon, but it sure seems like a zero sum game. I think SWA was first and reaped the benefit when fuel first spiked. SWA's operational costs still went up along with everybody elses and profits were realized from the hedges. When fuel dropped from 130+ not so much.
I think Columbia makes my point nicely "However, USAirways doesn't hedge at all which allowed them to turn in record profits last year and of course massive losses Q1 this year." USairways CASM stayed fairly stable over the entire period but had some wild swings due to fuel prices while SWA's CASM increased slightly because of the hedges but avoided the swings.
I think Columbia makes my point nicely "However, USAirways doesn't hedge at all which allowed them to turn in record profits last year and of course massive losses Q1 this year." USairways CASM stayed fairly stable over the entire period but had some wild swings due to fuel prices while SWA's CASM increased slightly because of the hedges but avoided the swings.
05-21-2011, 01:13 PM
#15
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This is old news and has little effect on the mainline. The jets being parked are mostly 50 seat RJ's. The bulk of the mainline jets being parked are 34 DC-9's. There are now 30 MD90's still awaiting the mod line to replace the DC-9's. There will be a bunch of 767ER going through a extensive mod line starting in the fall that will reduce mainline flying but its mostly the normal seasonal reduction. They will be back for the summer 12 schedule.
05-21-2011, 02:09 PM
#17
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05-21-2011, 03:14 PM
#18
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Lifetime travel passes, health insurance until age 65, 6 months pay, crj-100/200 --fly 'em off the lot.
05-21-2011, 03:32 PM
#19
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05-21-2011, 03:48 PM
#20
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When the last 747 is parked in the desert, it'll be a cramped, dirty CRJ (running 3 hours late, and weight restricted - unable to take a jumpseater and leaving with 5 empty seats) that flies the crew home.
Just kidding folks!
Just kidding folks!
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