I still think southwest is hiding something, look at some of their fares, no way they can be making money on some of these flights, plus look at some of the passengers that are flying on them.......Does anyone remember 2020 or one of those televisions shows, going on and on, many years ago about People Express, interviewing their employees, about all the millions they were worth, well that went on for several years, their employees that use to speak to me daily telling me how they were worth millions, were out of a job and now begging US to hire them.....I really believe, southwest is hiding something....has anyone ever thought about what their big guys are making in stock......still believe the truth is going to come out.....hear all the time their ramp is paid much more, pilots paid much more and ect, ect.....doesn't make since
[BLOCKQUOTE][BR]----------------[BR]On 11/10/2002 7:45:35 PM flyin2low wrote:
[P]WOW! it looks like UAL will have some problems in the future. <8.5%>[/P]----------------[/BLOCKQUOTE]
[P][/P][FONT face=System]Thats 8.5 mil a day , [STRONG][FONT size=4]not 8.5 pct[/FONT].[/STRONG][/FONT]
[ I really believe, southwest is hiding something....has anyone ever thought about what their big guys are making in stock......still believe the truth is going to come out.....hear all the time their ramp is paid much more, pilots paid much more and ect, ect.....doesn't make since ]
SWA rampers and pilots are not the highest paid.
What the big guys make in stock is part of the 10K filing.
$1M/day that SWA is generating in cash flow is from operations and is not net profit.
SWA's low costs are a matter of record, but I guess this 31 year-old conspiracy will come to light soon enough.
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Southwest makes a profit due to the lack of expences between the top dogs and the guys on the front lines. And they also keep the front line people happy, which our airline tossed they idea of years ago.
Cash burn rate is one of the most misleading numbers in this industry. It is an ever-changing entity, based on numerous factors, such as your accounts payable and receivable schedules, time of year, etc. It's almost impossible to give a daily cash burn rate. All it is is an average of the cash burned through for the entire quarter. Bills are being paid at different times. Also, this time of year cash burn is always higher because advanced booking sales are weaker until you get into the 1st Quarter. So, daily cash burn must be taken in its proper context. I'm not saying it's not important, because it most certainly is. You just have to understand it correctly. This is probably the absolute worst time of year in terms of cash burn for any airline, no matter what the revenue environment is.