List of Airlines and their Q2 profit/loss


#1

First number excludes special charges, second number includes special charges

American: -284 million
-1.45 billion

Delta: +137 million
-1.04 billion

Continental: - 3 million
-25 million

United: -151 million
-2.7 billion

Northwest: +170 million
-377 million

Us Airways: -101 million
-567 million

Southwest: +321 million
+121 million

Jetblue: -3 million

Allegiant: 2.6 million

Alaska: 63.1 million
-14.1 million


#2

ouch…Thats a chunk of change there


#3

Continental reported a loss of $3 million, excluding the specials it was a $25 million loss.

Airtran (TRS) (AAI) reports premarket July 29th
JetBlue (JBU) (JBLU) reports premarket July 22nd
United (UAL) (UAUA) reports premarket July 22nd
Northwest (NWA) (NWA) reports premarket July 23rd
US Airways (USA) (LLC) reports premarket July 22nd
Southwest (SWA) (LUV) reports premarket July 24th.


#4

Many of the airlines huge losses are because of them slashing goodwill.


#5

I suggest American raise their baggage fees to $75 for the 1st bag and $200 for the remainder, and start charging per bag for carry-ons as well! That ought to help offset the losses in the third quarter.


#6

What are everyone’s predictions about the future of these companies (1-5 years from now)? They absolutely can not continue to operate like this.

My prediction is that there will be a day when a massive airline (probably AA - they’re a mess with all of their old gas guzzling a/c) completely falls apart.


#7

Southwest will have a live webcast on 24 Jul at 12:30 EDT to discuss their financial results for the 2nd quarter of 2008.

Web Address: southwest.com
Contact: Investor Relations, (214) 792-4415

A live broadcast of the conference call will be available via the Investor Relations homepage at southwest.com. To access the Investor Relations homepage, click on “About Southwest” and select Investor Relations from the “About SWA” menu. A replay of the webcast will also be available on the Events Calendar in the Investor Relations section of southwest.com.


#8

Realize that while the airlines are facing the full brunt of the oil bubble this quarter, they haven’t been able to pull out any capacity to compensate in the results for this quarter. All financial results are for FLOWN traffic. That means capacity reductions and fare increases aren’t reflected in financial results until those flights actually fly.


#9

updated for United


#10

JetBlue: -7 Million (no charges)


#11

In an semi-related story, Midwest is grounding 1/3 of it’s fleet and reducing it’s flight schedule.


#12

It’s going to be interesting when Virgin America has to release information, showing how rough of shape they are most likely in. They have been trying to withhold it for quite some time.


#13

They picked a terrible time to start an airline.

As for Southwest, they should have favorable numbers.


#14

The end result of their earnings release is one of
the most spectacular “short covering” rallies
(in airlines stocks), you have ever seen.


#15

Well, looks like Allegiant is the first airline to post a profit. :open_mouth:


#16

Airlines not mentioned above that have reported their quarterly earnings:

UPS: $873 million profit (down 21% from year ago results)

Fedex $241 million loss (down from $610 million profit year ago; this is their 4th quarter which ended on 31 May 08. The results are the consolidated results, i.e. it includes the air, express, and ground freight operations and services segments. The freight did good, the services segment (Kinko) had a special charge that brought the profit down to a loss)


#17

Express=Air portion, which by everything we have been told domestically is sucking wind but international is doing well…not well enough to put or part of the equation up. Kinko by the way has been reborn as FedEx Office. I guess the powers that be feel a rebirth would =$. I guess next May 31 we’ll see how that works out for them.


#18

Since when is Delta not an airline?


#19

I think jgona is refering to the fact that Delta’s bottom line actually resulted in a HUGE LOSS


#20

Southwest’s profit up, sales rise 11%.

Excerpts from the article:

DALLAS - Southwest Airlines earned a profit in the second quarter and beat Wall Street expectations by continuing to rely on financial deals that lowered its fuel costs.

Revenue increased by 11%, as Southwest raised fares.

But in a nod to high fuel costs and other problems facing the airline industry, growth-oriented Southwest said it might not grow at all next year.

Southwest said Thursday it earned $321 million, or 44 cents per share, up 15% from a year ago, when the airline earned $278 million, or 36 cents per share.

Dallas-based Southwest posted its 69th straight profitable quarter while many other airlines lost money, and it is mostly because of fuel hedging

Despite its string of profitable quarters, Southwest is under pressure to control costs and boost sales as its fuel-hedging contracts expire over the next few years.

Southwest has raised fares and cut service on less-productive routes while adding flights where it can take advantage of rivals’ weakness, such as in Denver.

Even with fuel hedging, Southwest was hit by soaring energy costs.