$760 million net income. Record quarterly net income of $825 million excluding special items.
Record quarterly operating revenue of $6.7 billion.
17.4% operating margin.
87% load factor
$16.4 billion in cash and short-term investments.
Full year fuel hedge benefit close to $1 billion.
Planned to receive 66 new aircraft this year out of planned 114. Not expecting to take any max7 this year. 54 more max8’s this year.
https://www.marketwatch.com/story/south ... 2022-07-28
https://finance.yahoo.com/news/southwes ... 00905.html
Meanwhile, pilots and flight attendants picketing with flight attendants filing for mediation.
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- AWACSooner
- Posts: 2723
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Re: WN 2nd Qtr Profit
Flflyer83 wrote:Full year fuel hedge benefit close to $1 billion.
I remember that documentary on WN back in the late 2000's decade where they talked about hedging and how much it saved them...then they interviewed AArpey, who had a really smarmy remark when asked about WN's hedging "When their hedging runs out, the field will then be even."
Yah...still hasn't happened. Good job WN...keep up the good work!
Re: WN 2nd Qtr Profit
Impressive since they made and been making substantial profits doing things the SWA way to the chagrin and dismay of Anet.
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- AWACSooner
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Re: WN 2nd Qtr Profit
william wrote:Impressive since they made and been making substantial profits doing things the SWA way to the chagrin and dismay of Anet.
Now if they could just paint an "Oklahoma One."
Re: WN 2nd Qtr Profit
william wrote:Impressive since they made and been making substantial profits doing things the SWA way to the chagrin and dismay of Anet.
It's almost like the people running the airline know how to run an airline. LOL.
Congrats to them on making a profit despite a challenging year.
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- Silver1SWA
- Posts: 4855
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Re: WN 2nd Qtr Profit
william wrote:Impressive since they made and been making substantial profits doing things the SWA way to the chagrin and dismay of Anet.
Notice these threads don’t get the action they used to…
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- JayinKitsap
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Re: WN 2nd Qtr Profit
WN732 wrote:william wrote:Impressive since they made and been making substantial profits doing things the SWA way to the chagrin and dismay of Anet.
It's almost like the people running the airline know how to run an airline. LOL.
Congrats to them on making a profit despite a challenging year.
Just imagine, a company that has a good plan and great execution of the plan. If there are any US airlines making money that year, one will be WN.
I smile every time I see SWA leading the pack in profitability.
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- dcaproducer
- Posts: 619
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Re: WN 2nd Qtr Profit
Good numbers. Great margin. That pile of cash puts the JetBlue purchase of Spirit into perspective.
Re: WN 2nd Qtr Profit
Congrats WN!! Now I hope they can take care of the contracts next!
Re: WN 2nd Qtr Profit
AWACSooner wrote:william wrote:Impressive since they made and been making substantial profits doing things the SWA way to the chagrin and dismay of Anet.
Now if they could just paint an "Oklahoma One."
Maybe they’ll do that when they restart DAL-OKC.
Re: WN 2nd Qtr Profit
JayinKitsap wrote:Just imagine, a company that has a good plan and great execution of the plan. If there are any US airlines making money that year, one will be WN.
I smile every time I see SWA leading the pack in profitability.
Shocking that a company which does not try to be everything to everyone can succeed, right? They understand their niches very well and usually execute well to meet their customers' expectations.
usdcaguy wrote:Maybe they’ll do that when they restart DAL-OKC.
Not going to happen until there are more gates at DAL. I think that happens towards the end of the decade since the only thing AA wants less than more gates at DAL is WN with 50+ flights at DFW.
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- frmrCapCadet
- Posts: 5898
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Re: WN 2nd Qtr Profit
Hedging is a form of self-insurance. As such it has its costs as well as benefits. Look at it as a tool in management's toolbox. It is not done as a profit center, rather as cost control.
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