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-- -- is as strong -- right now Michael Boyd of Boyd who.
President here to tell us who is the strongest Michael.
We had -- and a very good position that their net earnings were something like a billion dollars.
We take all the -- extra stuff out they still make 600 million dollars and a quarter.
You can't do that by accident they know what they're doing they're the ones to watch right now.
Yeah I mean southwest to came in with a profit of two cents vs a loss of eighteen cents last year.
Many the airlines had good numbers why why do you think that is.
There can control and capacity the lunacy is out of the business and you don't have anybody in the business we're trying to take over the world they have -- -- little fiefdoms.
They're gonna concentrate on that they're not adding -- unnecessary capacity.
They're fixing a lot of their their cost problems and that's what's gonna be so we're not have a growth industry worth -- a profitable industry.
So -- fixing capacity though just that kind of you know well screw the consumer -- there's less flights for me to get on.
Not if you could say it screws the consumer but the reality of it is when they lose money ultimately the consumer loses to.
The right now they're not looking to take over turf they're looking to concentrate on traffic that will make the money.
For example airlines are now getting out of super long haul flying has a cost of fuel to -- -- -- -- -- high.
There there there are no longer trying to take over the world just take over the bottom line so they're focusing a little bit of backing the case and if there is less capacity does not mean much to the prices gonna go up.
Okay then they'll -- the that the audio is a little bad here I -- that.
What does that mean capacity goes down there's less flights does that then translate into higher ticket prices for -- Yeah I think there's going to be higher ticket prices no matter what we do where we do and how we do you -- -- -- all the rest things are gonna continually go up.
But what that means is you're not gonna have any relief there are no breakthroughs in the airline industry technologically or otherwise it's gonna cause.
Clear -- dropped significantly.
Well at delta -- yes you think doesn't honestly I.
He then we have you know the United Continental merger which this.
Really not gone so smooth right integration it they're struggling with they take a big charge of course for pilot contract agreements.
They gonna make it -- this.
Oh yeah they're gonna make it through they reported about a a -- six million but that that includes like a 450 million dollar give me to the pilot so.
They were making money flying an airline back and forth and I gotta give them credit for that.
They do have challenges up ahead begin we have carriers like delta or really hungry carriers like US air they're gonna have to sharpen up.
I tell you though there's a lot of us out there that have stories.
Where you feel like you're nickel and dime that I just -- myself we have to pay for luggage we -- to pay for food there was no food on a six hour flight you had to pay for it.
So OK maybe -- ticket prices aren't gonna go through the roof but they're gonna get to on the ancillary stuff aren't that.
That is it there's no way out any Southwest Airlines that is probably leaving about a billion dollars on the table by not charging for bags at some point in time.
-- gonna have to happen there.
So yet we're gonna get nickel -- and you can rest assured overall the airline experience will be just as ugly as it's always been.
So would you invest in these stocks -- meaning a lot of people trade these things like.
You know they -- -- very quickly -- want to stay in the airlines for a long -- any any long term -- -- I I grew up in the airline business so I wouldn't get near with a barge pole -- at that fund industry and -- he had.
My -- -- thanks to be an out of its -- thank you.
Love it not with a ball of molten for the -- can invest in them you know.
I'll write you can like is stop me up.
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