Author Topic: LUV - Southwest Airlines  (Read 8285 times)

mjs111

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Re: LUV - Southwest Airlines
« Reply #10 on: March 12, 2019, 01:11:30 PM »
According to the 2018 10-K:

"The Company added 18 Boeing 737 MAX 8 aircraft to its fleet in 2018 and ended 2018 with 31 Boeing 737 MAX 8 aircraft in its fleet. In 2019, the Company expects to continue its fleet modernization initiative through the scheduled delivery of an additional 37 Boeing 737 MAX 8 aircraft and the Company's initial delivery of seven Boeing 737 MAX 7 aircraft."

"Flight equipment and related assets make up the majority of the Company’s long-lived assets. Flight equipment primarily relates to the 699 Boeing 737 aircraft in the Company’s fleet at December 31, 2018, which are either owned or on capital lease. The remaining 51 Boeing 737 aircraft in the Company’s fleet at December 31, 2018, are operated under operating leases. "

Looks like 737 Max accounted for about 4% of Southwest's fleet at the end of 2018. It's not a big part of the fleet yet.

2018 10-K:
https://www.sec.gov/Archives/edgar/data/92380/000009238019000022/luv-12312018x10k.htm




LC

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Re: LUV - Southwest Airlines
« Reply #11 on: March 12, 2019, 01:28:24 PM »
Anyone has comments on the maintenance union negotiations? I was flying SW a month ago and we were delayed 3 hrs for maintenance issues. I read at the time that the union was forcing lots of flights to stay grounded for maintenance issues as a negotiating tactic. Curious if anyone here following closely has an interpretation
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walkie518

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Re: LUV - Southwest Airlines
« Reply #12 on: March 12, 2019, 01:47:26 PM »
Anyone has comments on the maintenance union negotiations? I was flying SW a month ago and we were delayed 3 hrs for maintenance issues. I read at the time that the union was forcing lots of flights to stay grounded for maintenance issues as a negotiating tactic. Curious if anyone here following closely has an interpretation

have heard rumors that the unions have a history of using delay of take-off as a light form of extortion...Southwest will have to iron it out

the Boeing 737 Max will be a material problem for Southwest if grounded by an act of Congress...

Gamecock-YT

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Re: LUV - Southwest Airlines
« Reply #13 on: March 12, 2019, 02:41:35 PM »
Anyone has comments on the maintenance union negotiations? I was flying SW a month ago and we were delayed 3 hrs for maintenance issues. I read at the time that the union was forcing lots of flights to stay grounded for maintenance issues as a negotiating tactic. Curious if anyone here following closely has an interpretation

not the first time, nor the last time this has occured with airlines and unions.

boilermaker75

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Re: LUV - Southwest Airlines
« Reply #14 on: March 12, 2019, 08:15:22 PM »
I'm scheduled to fly out of LAX on Sunday on a 737 max 8. My wife wants to change the flight. I may give in because I need to get to my destination and concerned the flight gets canceled if the 737 max 8 gets grounded.

Mephistopheles

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Re: LUV - Southwest Airlines
« Reply #15 on: March 02, 2020, 11:47:30 AM »
Picked up some shares today. Stock has come down nearly 25% from highs. Pre-tax P/E of a bit over 8 and almost no debt. If stocks keep dropping this is a good one to do a debt for equity swap. I don't see why Buffett wouldn't want to buy this one out. I know he said on TV the other day they'd never buy an airline but this one makes so much sense.

perulv

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Re: LUV - Southwest Airlines
« Reply #16 on: April 02, 2020, 01:18:54 AM »
Any thoughts of this with today's price? Bankrupt in half a year, or a bargain? Or the sad middle ground which I tend to forget, the company survives but stock-holders are diluted to the point of almost nothing?