Tag Archives: 27859

Southwest Airlines lands in Wichita, Kansas

Southwest Airlines (Dallas)ย officially landed in Wichita, Kansas. ย Southwest’s first flight arrived at Wichita Mid-Continent Airport on Sunday, June 2, and the airline will offer nonstop service to Dallas (Love Field), Chicago (Midway), and Las Vegas.

Southwest has fully converted all flying from its wholly-owned subsidiary, AirTran Airways, over to Southwest, which previously offered three daily nonstop flights between Wichita and Atlanta.ย  With the introduction of Southwest’s all-Boeing 737 fleet to the market, passenger seat availability increases by 112 percent (over AirTran’s Boeing 717), an equivalent of 2,700 seats per week of additional low fares.

Southwest’s Wichita Service:

  • Two daily nonstop flights between Wichita and Dallas Love Field
  • Two daily nonstop flights between Wichita and Chicago Midway
  • One daily nonstop flight between Wichita and Las Vegas

Top Copyright Photo: Keith Burton/AirlinersGallery.com.ย Southwest Airlines’ Boeing 737-7H4 WL N727SW (msn 27859) in the Nevada One motif arrives at Las Vegas.

Southwest Airlines:ย AG Slide Show

Bottom Copyright Photos: Southwest Airlines (from the Nuts about Southwest blog):

ICT was excited to see WN and celebrated with not just one, but TWO cakes!
ICT Cake #1

ICT Cake #2

Ron Ricks and local mascots with our Make-A-Wish family

ICT Make a Wish Family

 

Southwest Airlines converts 25 options for 25 additional Boeing 737-700s

Southwest Airlines (Dallas) according to the Associated Press converted 25 options into firm orders for 25 Boeing 737-700s in order to continue to replace older 737-300/500s. Deliveries will run from 2011 through 2016. The order was previously attributed to an unidentified customer.

Read the full article:

CLICK HERE

Copyright Photo: Brian McDonough. Boeing 737-7H4 N727SW (msn 27859) dressed as Nevada One arrives at the BWI hub.

Southwest Airlines reports first quarter net income of $11 million

Southwest Airlines (Dallas) today (April 22) reported first quarter 2010 net income of $11 million, or $.01 per diluted share, compared to a net loss of $91 million, or $.12 loss per diluted share, for first quarter 2009. First quarter 2010 results included special items (net of taxes) of $13 million, related to non-cash, mark-to-market, and other items associated with a portion of the Companyโ€™s fuel hedge portfolio. Excluding special items for both periods, first quarter 2010 net income was $24 million, or $.03 per diluted share, compared to a net loss of $20 million, or $.03 loss per diluted share, in first quarter 2009. The first quarter 2010 net income per diluted share, excluding special items, is in line with Thomson’s First Call mean estimate of $.03 net income per diluted share.

As anticipated, first quarter 2010 economic fuel costs increased 33 percent year-over-year to $2.34 per gallon, which included approximately $44 million in unfavorable cash settlements from derivative contracts. For the remainder of 2010, including second quarter, Southwest currently has derivative contracts in place for approximately 65 percent of estimated fuel consumption at crude-equivalent prices up to approximately $100 per barrel; approximately 40 percent if market prices settle in the $100 to $120 per barrel range; and approximately 60 percent if market prices exceed $120 per barrel. Based on the current 2010 fuel hedge portfolio and market prices (as of April 20, 2010), the Company estimates economic fuel costs, including fuel taxes, for second quarter will be in the $2.40 to $2.45 per gallon range. Beyond 2010, the Company has derivative contracts in place for over 60 percent of its estimated 2011 fuel consumption; approximately 50 percent for 2012; approximately 25 percent for 2013, and a modest position for 2014.

Excluding fuel, first quarter 2010 unit costs increased 9.8 percent from the same period a year ago, largely due to a 6.4 percent decline in first quarter year-over-year available seat miles (capacity). Based on current cost trends and flat year-over-year capacity, the Company anticipates second quarter 2010 unit costs, excluding fuel, will exceed second quarter 2009โ€™s 6.91 cents.

Copyright Photo: Boeing 737-7H4 N727SW (msn 27859) dressed in the Nevada One special livery arrives at the Baltimore/Washington hub.