Submitted by giteam t3_zhqoxn in dataisbeautiful
Comments
amcareddit t1_izrh8pm wrote
Which branch is money spent buying planes?
dml997 t1_izs3p8t wrote
This made me curious; small depreciation and no lease fees for airplanes, so I looked a bit.
They have $2126M in airplanes, so obviously they depreciate very little. But their net earnings are not even 1.5% of the value of the airplanes.
Better to sell the planes, fire everyone, and stick that money in a bond.
giteam OP t1_izndw8b wrote
savbh t1_iznef2h wrote
Why would they even have a cargo branche?
feuerwehrmann t1_iznfvjx wrote
I think cargo is when there is extra space on a plane they will load cargo
pastafariankiwi t1_izozivg wrote
Yeah and possibly more profitable than anything else
Kickstand8604 t1_izqonk1 wrote
You have to remember that the basics of making money with airplanes is to fill every space with cargo, as long as the plane can still get off the ground. Its common for airlines to do some cargo for mail.
feuerwehrmann t1_izqp7hy wrote
just like trains when they were the preferred method of transit
SirWitzig t1_izpgm26 wrote
This isn't how Southwest makes money - this is how they spend the money they make.
dragonhold24 t1_izrt486 wrote
Net Profit is only 4.4% of the Revenue
It's fascinating how some of these companies are still running.
phdoofus t1_izpf92y wrote
Another bot plot showing something that could have been stopped in the first column.