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Southwest has other major advantages that are traceable to management with experience from where the work gets done. For example, their entire fleet is 737s so that every SW pilot can fly any plane in the fleet. Other airlines must have 737 pilots, 747 pilots, 777, and 757/767 pilots. And an entire support structure for four completely different aircraft. What a morass!
Even worse in places like American are both Boeing and Airbus planes. I suspect it even gets worse - for example different engines for similar planes. Who but an MBA would do this - buy planes based only on today's price for the airplane.
Financial news services such as Bloomsberg News have long been reporting SW smart move to hedge fuel prices. However I did not know they signed contracts for five years. Who in SW earned a substanical bonus?
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