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Southwest Airlines 1996 Annual Report
1996 Annual Report TABLE OF CONTENTS Consolidated Highlights 2 Introduction 3 Letter to Shareholders 4 People and Planes 6 Southwest Spirit 8 THE Low Fare Airline 10 Productivity 12 Ontime Performance 14 Customer Satisfaction 16 Mintenance and Safety 18 What’s Next? 20 Financial Review 22 Management’s Discussion and Analysis 22 Consolidated Financial Statements 31 Report of Independent Auditors 49 Quarterly Financial Data 50 Common Stock Price Ranges and Dividends 50 Corporate Data 51 Directors and Officers 52 Ten Year Summary 55 CONSOLIDATED HIGHLIGHTS (DOLLARS IN THOUSANDS PERCENT EXCEPT PER SHARE AMOUNTS) 1996 1995 CHANGE Operating revenues $3,406,170 $2,872,751 18.6 Operating expenses $3,055,335 $2,559,220 19.4 Operating income $350,835 $313,531 11.9 Operating margin 10.3% 10.9% (0.6)pts. Net income $207,337 $182,626 13.5 Net margin 6.1% 6.4% (0.3)pts. Net income per common and common equivalent share $1.37 $1.23 11.4 Stockholders’ equity $1,648,312 $1,427,318 15.5 Return on average stockholders’ equity 13.5% 13.7% (0.2)pts. Debt as a percentage of invested capital 28.3% 31.7% (3.4)pts. Stockholders’ equity per common share outstanding $11.36 $9.91 14.6 Revenue passengers carried 49,621,504 44,785,573 10.8 Revenue passenger miles (RPMs)(000s) 27,083,483 23,327,804 16.1 Available seat miles (ASMs)(000s) 40,727,495 36,180,001 12.6 Passenger load factor 66.5% 64.5% 2.0 pts. Passenger revenue yield per RPM 12.07¢ 11.83¢ 2.0 Operating revenue yield per ASM 8.36¢ 7.94¢ 5.3 Operating expenses per ASM 7.50¢ 7.07¢ 6.1 Number of Employees at yearend 22,944 19,933 15.1 NET INCOME (in millions) $207 $179 $183 250 $154 200 $97 150 100 50 0 1992 1993 1994 1995 1996 2 NET INCOME PER SHARE $1.37 $1.22 $1.23 1.40 $1.05 1.20 1.00 $.68 0.80 0.60 0.40 0.20 0.00 1992 1993 1994 1995 1996 SOUTHWEST AIRLINES CO. -
100-150 Seat Large Civil Aircraft from Canada Conference 05-18-2017
UNITED STATES INTERNATIONAL TRADE COMMISSION In the Matter of: ) Investigation Nos.: 100-TO 150-SEAT LARGE CIVIL AIRCRAFT ) 701-TA-578 AND FROM CANADA ) 731-TTA-1368 (PRELIMINARY) Pages: 1 -289 Place: Washington, D.C. Date: Thursday, May 18, 2017 Ace-Federal Reporters, Inc. Stenotype Reporters 1625 I Street, NW Suite 790 Washington, D.C. 20006 202-347-3700 Nationwide Coverage www.acefederal.com 1 1 THE UNITED STATES INTERNATIONAL TRADE COMMISSION 2 In the Matter of: ) Investigation Nos.: 701-TA-578 3 100-TO 150-SEAT ) and 731-TA-1368 4 LARGE CIVIL AIRCRAFT ) (Preliminary) 5 FROM CANADA ) 6 7 Thursday, May 18, 2017 8 Main Hearing Room 9 U.S. International 10 Trade Commission 11 500 E Street, S.W. 12 Washington, D.C. 13 The meeting commenced, pursuant to notice, at 14 9:30 a.m., before the United States International Trade 15 Commission Investigative Staff. Michael Anderson, 16 Supervisory Investigator, presiding. 17 18 APPEARANCES: 19 On behalf of the International Trade Commission: 20 Michael Anderson, Director of Investigations, 21 (presiding) 22 Douglas Corkran, Supervisory Investigator 23 Carolyn Carlson, Investigator 24 Nannette Christ, International Economist 25 Ace‐Federal Reporters, Inc. 202‐347‐3700 2 1 APPEARANCES (Continued): 2 Charles Yost, Accountant/Auditor 3 Karl von Schriltz, Attorney/Advisor 4 Russell Duncan, Statistician 5 6 William R. Bishop, Supervisory Hearings and 7 Information Officer 8 Sharon Bellamy, Records Management Specialist 9 Tyrell Burch, Legal Document Assistant 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Ace‐Federal Reporters, Inc. 202‐347‐3700 3 1 OPENING REMARKS: 2 Petitioners (Robert T. -
David Neeleman
David Neeleman David Neeleman is that rarest of entrepreneurs, a man who has created and launched four successful, independent airlines, including the USA’s JetBlue and Morris Air, Canada’s WestJet and Brazil’s Azul. Azul, just seven years old, has already boarded tens of millions of customers. Born in Brazil while his father was Reuter’s São Paulo Bureau Chief, David has always had a deep love for the country. After his family moved to Utah while he was still a child, David would return to Brazil many times throughout his life. A dual citizen, David today relishes the dream before him to make flying cheaper and easier for Brazilians, giving access to air travel for many who have never experienced the opportunity before. Azul serves more than 100 destinations with an operating fleet of more than 140 aircraft, including Brazilian-built Embraer E-190 and E-195 jets, and ATR-72s. Just as JetBlue in the US before it, Azul is the first airline in Latin America to offer LiveTV inflight TV programming via satellite. It has been named Best Low Cost Airline in South America for the last five years at the Skytrax World Airline Awards. In June 2015, it was announced that the Gateway consortium, led by David, had won the bidding to acquire a stake in Portugal’s national carrier TAP. Gateway’s investment represents 50% of the airline. With the new investment, TAP is taking delivery of A330s and inaugurated new daily service from both Boston’s Logan airport and New York’s John F Kennedy International in June and July, respectively. -
Across the Western Landscape: Priority Issues and Strategies for Western Forests
Across the Western Landscape: Priority Issues and Strategies for Western Forests EXECUTIVE SUMMARY The forests of the West contain an incredible assemblage of resources. They cover approximately 365 million acres, 49 percent of the nation’s total forested area, and are managed by a diverse set of owners. Threats facing western forests affect all lands and all people, compromising the basic assets we need and often take for granted such as: clean air, abundant water, safe communities, open spaces, and economic opportunities. Cooperation and coordination across jurisdictional boundaries are needed to address these threats. The Western Forestry Leadership Coalition (WFLC) represents a unique partnership between state and federal government forestry leaders and supports a collaborative approach to sustainable forest management. All U.S. states and Affiliated Islands have completed assessments of their forest resources and developed strategies for the conservation, protection, About the Western Forestry and enhancement of those resources. These Statewide Forest Resource Leadership Coalition Assessments and Strategies (Forest Action Plans) provide a long-term roadmap The Western Forestry Leadership for forest restoration and management. Across the Western Landscape: Priority Coalition (WFLC) is a State and Issues and Strategies for Western Forests is a 23-page publication providing the Federal government partnership. highlights from a synthesis of the western states’ and Pacific Islands’ Forest The members of the coalition Action Plans. These highlights — summarized here — include priority issues, include: the 23 State and Pacific strategies to address them, and a Six-Point Plan for the future. Island Foresters of the West and the 7 western Regional Foresters, Wildland Fire and the Wildland-Urban Interface: reduce 3 western Research Station Directors, wildfire risk to communities and mitigate wildfire impacts. -
Monthly Statistics Report
Monthly Statistics Report To: Tom Jones, Aviation Director; Tim O’Krongley, Deputy Director From: Brian Pratte, Air Service Administrator Copies: San Antonio Regional Stakeholders Subject: July 2016 Monthly Statistics Date: August 26, 2016 SUMMARY Calendar year-to-date (CYTD) traffic continued its growth, up 0.56%, representing a total of 5,003,408 total passengers. This represents the largest CYTD traffic on record through July, the first time the total passenger count has exceeded 5 million in the first seven months of the year. The San Antonio International Airport served 802,345 total passengers in July 2016, a slight decrease of (0.9%) when compared to July 2015. The decrease must be viewed in context. In July 2015, the General Conference of Seventh-day Adventist Church was held in San Antonio. This convention, one of the largest conventions to be held in San Antonio, brought an estimated 65,000 attendees. Approximately 60% (~78,000) of those conventioneers arrived and departed via air travel. If last year’s convention were excluded from the year over year comparison, total passengers would have increased approximately 8.7%. Domestic traffic for the month was up 0.5%, while international traffic experienced a decline of (17.5%). Again, context is important. The rate of decline in international passengers has decreased and is in line with the year-over-year reduction in capacity. In October 2015, Southwest Airlines opened their new international terminal at Houston Hobby Airport. In order to expand international service at Hobby, and to maximize the available slots into Mexico City (MEX), the SAT-MEX flight was negatively impacted and eliminated. -
Report by the Senate Rural and Regional Affairs and Transport References Committee
Parliament of the Commonwealth of Australia Air Safety and Cabin Air Quality in the BAe 146 Aircraft Report by the Senate Rural and Regional Affairs and Transport References Committee OCTOBER 2000 ii © Commonwealth of Australia 2000 ISBN 0 642 71093 7 This document was produced from camera-ready copy prepared by the Senate Rural and Regional Affairs and Transport Legislation Committee, and printed by the Senate Printing Unit, Department of the Senate, Parliament House, Canberra. iii MEMBERS OF THE COMMITTEE Members Senator John Woodley AD, Queensland Chairman Senator Winston Crane LP, Western Australia Deputy Chairman Senator Jeannie Ferris LIB, South Australia Senator Michael Forshaw ALP, New South Wales Senator Sue Mackay ALP, Tasmania Senator Kerry O’Brien ALP, Tasmania Participating Members Senator Abetz Senator Faulkner Senator McLucas Senator Bartlett Senator Ferguson Senator Mason Senator Boswell Senator Gibson Senator S Macdonald Senator Brown Senator Harradine Senator Murphy Senator Buckland Senator Harris Senator Payne Senator Calvert Senator Hutchins Senator Tchen Senator Chapman Senator Knowles Senator Tierney Senator Coonan Senator Lightfoot Senator Watson Senator Crossin Senator McGauran Senator West Senator Eggleston Senator McKiernan Committee Secretariat The Senate Parliament House Canberra ACT 2600 Telephone (02) 6277 3511 Facsimile (02) 6277 5811 Internet www.aph.gov.au/senate Email [email protected] TABLE OF CONTENTS MEMBERS OF THE COMMITTEE ............................................................. iii TABLE -
EPA Progress Report 2002: Pacific Southwest Region
EPA Progress Report 2002 Pacific Southwest Region U.S. Environmental Protection Agency Pacific Southwest / Region 9 EPA–909–R–02–001 Dear Readers, Growing up in Southern California, I learned early in life about the human cost of an unhealthy environment. The brown cloud that covered the Los Angeles Basin for too many days each summer affected everyone who worked and played there. But over the years I’ve also watched the skies grow clearer and smog alerts become a thing of the past. In 2001, the Los Angeles area met national health standards nine out of every ten days — the cleanest year since smog measurements began over 40 years ago. While there is much more work to be done, we’ve come a long way. I am honored to introduce this EPA Progress Report, the first that we have issued since I joined EPA as Regional Administrator in October 2001. The past year’s accomplishments are full of promise for meeting the public health and environmental chal lenges we face in the Pacific Southwest, and I am eager to to continue our progress in this important mission. EPA’s Pacific Southwest Region is truly diverse, encompassing the states of Arizona, California, Hawaii and Nevada; 147 tribal nations and communities; and Pacific islands such as American Samoa, Guam, and the Northern Mariana Islands. The problems we confront here are complex, interconnected, and resistant to traditional solutions. As we move to meet these challenges, we are fortunate both in our own strengths and in the capacity and will of our partners — the states, tribes, industry and the environmental advocacy communities. -
Breeze Airways Announces Debut
UNDER STRICT EMBARGO UNTIL MAY 21, 2021 AT 8AM ET: Breeze Airways Announces Debut Service from 16 Cities including Tampa Bay, Charleston, Norfolk and New Orleans; 95% of New Breeze Routes are Without Existing Nonstop Service Today -- New “Low Fare, High Flex” Airline is David Neeleman’s Fifth Airline Start-up, 20 Years After JetBlue’s Launch -- Salt Lake City, UT (May 21, 2021) – Breeze Airways, the new “Seriously Nice” U.S. carrier from JetBlue founder David Neeleman, today unveiled its debut network, comprising 39 nonstop routes between 16 cities in the Southwest, Midwest, Southeast and Eastern US. The first flights will operate between Charleston, SC, Tampa, FL and Hartford, CT, starting May 27, with remaining destinations to be added each week through July 22, 2021. Flights are now on sale at www.flybreeze.com and the Breeze app, starting at just $39* one way. Breeze is Mr Neeleman’s fifth airline start-up, after JetBlue, Brazil’s Azul, Canada’s WestJet, and Utah-based Morris Air, which was later purchased by Southwest Airlines. Headquartered in Salt Lake City, UT, Breeze will focus most flights from four main airports: Tampa, FL; Charleston, SC; New Orleans, LA; and Norfolk, VA. Joined by an experienced team of industry veterans, Mr Neeleman set out to build an airline that offers a great experience, with low fares and high flexibility: “Together, we created Breeze as a new airline merging technology with kindness. Breeze provides nonstop service between underserved routes across the U.S. at affordable fares. A staggering 95 percent of Breeze routes currently have no airline serving them nonstop. -
Redalyc.Engineering and Strategy: Returning to the Case of Southwest
Revista Escuela de Administración de Negocios ISSN: 0120-8160 [email protected] Universidad EAN Colombia Berrío Zapata, Cristian Engineering and strategy: returning to the case of southwest airlines, an analysis in production and technology management Revista Escuela de Administración de Negocios, núm. 73, julio-diciembre, 2012, pp. 209-217 Universidad EAN Bogóta, Colombia Available in: http://www.redalyc.org/articulo.oa?id=20625032013 How to cite Complete issue Scientific Information System More information about this article Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Journal's homepage in redalyc.org Non-profit academic project, developed under the open access initiative Casos empresariales ENGINEERING AND STRATEGY: RETURNING TO THE CASE OF SOUTHWEST AIRLINES, AN ANALYSIS IN PRODUCTION AND TECHNOLOGY MANAGEMENT Cristian Berrío Zapata 1. INTRODUCTION ome company cases let us see what was a network that makes every part of it shake, when any done to produce business model innovation component is touched. This network, immersed into Sthat creates ruptures in the market, changing the environment evolution, is a complete systemic the rules of competition. One of these cases is the unit, where paradigm changes must be supported with story of Southwest Airlines (SWA). This article tries to operational actions so innovation becomes a living demonstrate that engineering operational excellence is force that changes competing profiles. This virtuous fruitless without a compatible moving in other conceptual cycle between thought and action, when successful axes like service, finances, administration and human in producing adaptative and innovative competing resources. The areas of a company are bounded into structures, revolves the markets and generates new rules for competition. -
Southwest Airlines Celebrates 15 Years of Denver Service Southwest First Launched Flights from Denver International Airport on Jan
DEN Media Contact Southwest Media Contact Emily Williams Initial or breaking media inquiries: +01 (214) 792-7675 or [email protected] [email protected] 24/hr. Media Line: 720-583-5758 Visit the Southwest Newsroom at swamedia.com FOR IMMEDIATE RELEASE Southwest Airlines Celebrates 15 Years of Denver Service Southwest first launched flights from Denver International Airport on Jan. 3, 2006 DENVER – January 4, 2021 – Southwest Airlines celebrates 15 years of serving Denver International Airport (DEN) in 2021. The carrier inaugurated service in the Mile High City on Jan. 3, 2006, with 13 daily departures to three destinations – Chicago-Midway (MDW), Las Vegas (LAS) and Phoenix (PHX). Today Denver is the largest operation in the Southwest network, averaging 174 departures a day in 2020 and connecting Denver nonstop to more than 70 destinations in 36 U.S. states and Mexico. “For 15 years Southwest has been a great partner and we’re so pleased the airline continues to grow in Denver, offering nonstop service to more than 70 destinations,” said DEN CEO Kim Day. “We are grateful for Southwest’s commitment to DEN and look forward to many more successful years, including the opening of 16 new Southwest gates on Concourse C-East in 2022.” During the past 15 years, Southwest has carried more than 175 million passengers through DEN. Notably, Southwest is the largest carrier of domestic origination and destination (O&D) traffic in Denver. In 2020 alone, Southwest expanded its connectivity to Denver with the addition of seven new routes, including winter season service three times daily between Denver and both Steamboat Springs/Hayden and Montrose that began Dec. -
Aircraft Preparation Occurrence Involving Bae 146-300, VH-NJZ Sydney Airport, New South Wales, on 22 January 2019
Aircraft preparation occurrence involving BAe 146-300, VH-NJZ Sydney Airport, New South Wales, on 22 January 2019 ATSB Transport Safety Report Aviation Occurrence Investigation AO-2019-006 Final – 23 June 2020 Released in accordance with section 25 of the Transport Safety Investigation Act 2003 Publishing information Published by: Australian Transport Safety Bureau Postal address: PO Box 967, Civic Square ACT 2608 Office: 62 Northbourne Avenue Canberra, Australian Capital Territory 2601 Telephone: 1800 020 616, from overseas +61 2 6257 2463 (24 hours) Accident and incident notification: 1800 011 034 (24 hours) Email: [email protected] Website: www.atsb.gov.au © Commonwealth of Australia 2020 Ownership of intellectual property rights in this publication Unless otherwise noted, copyright (and any other intellectual property rights, if any) in this publication is owned by the Commonwealth of Australia. Creative Commons licence With the exception of the Coat of Arms, ATSB logo, and photos and graphics in which a third party holds copyright, this publication is licensed under a Creative Commons Attribution 3.0 Australia licence. Creative Commons Attribution 3.0 Australia Licence is a standard form license agreement that allows you to copy, distribute, transmit and adapt this publication provided that you attribute the work. The ATSB’s preference is that you attribute this publication (and any material sourced from it) using the following wording: Source: Australian Transport Safety Bureau Copyright in material obtained from other agencies, private individuals or organisations, belongs to those agencies, individuals or organisations. Where you want to use their material you will need to contact them directly. -
Investigation Report of the Aircraft Accident Investigation Bureau
Federal Department of Environment, Transport Energy and Communications No. u1793 Investigation Report of the Aircraft Accident Investigation Bureau on the accident to aircraft AVRO 146-RJ100, HB-IXM, operated by Crossair under flight number CRX 3597, on 24 November 2001 near Bassersdorf/ZH This report has been prepared for the purpose of accident/incident prevention. The le- gal assessment of accident/incident causes and circumstances is no subject of the ac- cident investigation (Art. 24 Air Navigation Law). The language of the valid formulation of this report is German. Within 30 days after receipt of the investigation report, any person giving proof of a well-founded interest in the investigation result may request the report to be examinated by the Review Board (Eidg. Flug- unfallkommission – EFUK) for completeness and conclusiveness. Bundeshaus Nord, CH-3003 Berne Investigation report CRX 3597 Ve 23.01.04 Table of contents Brief presentation........................................................................................................10 Investigation ...............................................................................................................11 1 Factual information ..........................................................................13 1.1 Prior history and history of the flight ..........................................................13 1.1.1 Prior history...................................................................................................................13 1.1.1.1 Aircraft .....................................................................................................................13