What Would Happen to Business If Southwest Had All the Pilots It Required?

What Would Happen to Business If Southwest Had All the Pilots It Required?

Airlines 2022-11-20 ParkingNearAirports.io
Even though the airline is unable to operate its full pre-pandemic flight schedule due to a pilot shortage, Southwest Airlines reported a record-breaking third quarter on Thursday.

Bob Jordan, the company's CEO, highlighted the following:
"While we aren't ideal in the other areas, we're almost fully staffed. We simply lack enough pilots to fly all of our planes."
One of the things that delayed the comeback of the American airline industry this summer was the lack of pilots.

Jordan continued, stating that all of Southwest's training facilities are full and that the company doesn't lack suitable candidates to fill its pilot shortages. However, they admit that it would be late next year before they were prepared.
"We could certainly fly 5 to 8 percent more (available seat miles) in capacity if we had all the pilots we required."
Jordan remarked following Southwest's third-quarter results call on Thursday, which revealed record revenue of $6.2 billion. Additionally, the business reported a $277 million net profit. Despite a 2 percent capacity increase from the same period in 2019, Southwest nonetheless had a great quarter.
"It's a fantastic quarter. Our revenue has reached records. We have a record number of passengers. We tied for the highest load factor ever."
Southwest anticipates that the trends driving the company's revenue will persist throughout the fourth quarter, Jordan added. The carrier anticipates a rise in post-Labor Day business travel will cause fourth-quarter revenue to increase by up to 17% from 2019 levels.

Although it's dealing with delays in the delivery of new Boeing aircraft, Southwest is ready for a spike in bookings. Jordan thinks that the delivery of aircraft to Southwest shouldn't be impacted by the question of whether the aircraft manufacturer can achieve a deadline for certification of the new MAX 7 in late December.
"We're still pilot-constrained, so even though we're behind schedule with Boeing, it has no impact on our capacity."
Southwest intends to increase capacity in the first quarter by 10% and in the second quarter by 14%. The airline hopes to complete a 90 percent return of its pre-pandemic flight schedule by the end of next summer.

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