Notes from the Earnings Conf Call
Nothing earth-shattering during the webcast:
Q3 advanced bookings:
- Domestic running 1-2 % (LF) behind Q3 08 but expect to catch up
- Domestic yields down around 17-20% below last year
- International running +1% (LF) ahead of Q3 08
- International yields down around 25% compared to last year
Capacity drawdown starting September:
- 20% cut TATL
- 12% cut TPAC
Merger progress:
- Single Operating Cert still on target for end of year
- >90% of NW mainline fleet repainted by end of year
- Pilot/FA cross-training has already started (i.e., NW FAs on DL planes, etc.)
- Technical cutover still on schedule for Q1 2010
- Fully integrated airline by Spring 2010
Fleet changes for rest of 2009:
- 2 73W (737-700) in Q3; 1 73W in Q4
- 2 MD90s (used) in Q4
- Financing for all already arranged
- Still expect to pull 30-40 mainline aircraft by year-end due to capacity cuts (across all types)
- Will pull more 50-seater CRJs in 2010
SLC-CDG and SLC-NRT: (question from SLC journalist):
- Both to run during the winter; SLC-CDG has been doing well - very pleased with numbers so far
- SLC-NRT cut to 4x weekly for winter; numbers not as good because the anticipated Japanese-origin traffic for the Mountain West, including LAS and PHX (connections through SLC) did not materialize due to the H1N1 flu fears and economy
Unions:
- Still trying to get the two remaining unions (for the NW FAs and the NW ground staff) to file for an election soon; current situation of dragging it out cannot continue.