Southwest Hiring 2019
11-02-2018, 09:17 AM
#51
Gets Weekends Off
Joined APC: Apr 2013
Posts: 3,720
I finally got a chance to sit down and read the whole transcript from the 3rd Quarter earnings call.
First interesting thing, the company signed leases for an additional 4 8MAX aircraft for 2019, upping deliveries to 34 instead of 30.
Here's a part in the call where aircraft retirements are being discussed...
It's part of a long answer addressing analysts's concerns about costs and capacity. If anyone has noticed, our stock is down and the blame is being placed on our rising non-fuel costs.
So I'll stick to my prediction that no NGs will be retired in 2019. Note it isn't said that some 700s will be retired next year, the word designate is used. Meaning next year they could say we designate these older 700s to be retired in 202x.
As we should do as pilots, watch what they do, not what they say. The program to purchase used NGs only just wrapped up. Deliveries for next year have been increased at-least twice now. This is not a company acting like they have surplus airplanes.
First interesting thing, the company signed leases for an additional 4 8MAX aircraft for 2019, upping deliveries to 34 instead of 30.
Here's a part in the call where aircraft retirements are being discussed...
It's part of a long answer addressing analysts's concerns about costs and capacity. If anyone has noticed, our stock is down and the blame is being placed on our rising non-fuel costs.
So I'll stick to my prediction that no NGs will be retired in 2019. Note it isn't said that some 700s will be retired next year, the word designate is used. Meaning next year they could say we designate these older 700s to be retired in 202x.
As we should do as pilots, watch what they do, not what they say. The program to purchase used NGs only just wrapped up. Deliveries for next year have been increased at-least twice now. This is not a company acting like they have surplus airplanes.
Once again, spot on analysis.
Gary Kelly and team are masters at talking out of both sides of their mouths. It’s just part of the job.
They HAVE to tell the investors that we are not amping up capacity just like they have to tell employees that taxiing out on one engine uphill in Denver is saving their profit sharing.
Investors are worried about the next quarter. Gary, despite his many faults, is genuinely planning for the next decade.
11-04-2018, 01:24 AM
#52
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,633
11-04-2018, 05:05 AM
#54
Gets Weekends Off
Joined APC: Jun 2010
Position: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
Posts: 6,831
11-04-2018, 07:05 AM
#55
weekends off? Nope...
Joined APC: Apr 2014
Posts: 2,039
If somebody has a ton of Rapid Rewards points and Companion Pass, do you think they'd rather spend $2-3000 to fly on United because of the aircraft type??? I highly doubt that. And there is just as much revenue generated when a ticket is booked via points, it's called deferred income because those points were earned on a previous purchase.
11-04-2018, 09:19 AM
#56
Strike averted!
Joined APC: Mar 2015
Position: B737
Posts: 3,821
11-04-2018, 09:42 AM
#57
Furloughed Again?!
Joined APC: Aug 2007
Position: Boeing 737
Posts: 4,804
He isn’t wrong. Anything over about 3 hours in a 737 is pretty miserable (up front OR in back). But that said, there will always be someone to buy it for the right price. Myself included.
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Sent from my iPhone using Tapatalk
11-04-2018, 01:09 PM
#58
Gets Weekends Off
Joined APC: Jun 2010
Position: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
Posts: 6,831
Buy it?! What?! When you can fly standby? Sacrilege! What’s next? Paying for a newspaper or soap when you can just get both for free at the hotel?
11-04-2018, 01:25 PM
#59
Banned
Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
The only thing more miserable than a 7.5 hr 737 flight in the back or in the pilot's seat would be a 7.5 hr 737 flight on the JS!
11-04-2018, 01:33 PM
#60
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,633
If somebody has a ton of Rapid Rewards points and Companion Pass, do you think they'd rather spend $2-3000 to fly on United because of the aircraft type??? I highly doubt that. And there is just as much revenue generated when a ticket is booked via points, it's called deferred income because those points were earned on a previous purchase.
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