Southwest to Focus on Efficiency Initiatives in 2019, CEO Kelly Says

The transcript covers a discussion on efficiency initiatives, revenue trends, and financial strategies for 2019. It highlights the company's focus on improving efficiency, managing fuel costs, and maintaining transparency with customers. The conversation also touches on market conditions, capacity issues, and investor concerns about cost increases. The company remains optimistic about future revenue trends and financial health.

What is the main focus for the company to improve its performance in 2019?

• Increasing ticket prices

• Prioritizing efficiency initiatives

• Reducing staff

• Expanding international routes

How does the company plan to maintain transparency with its customers?

• By providing free meals

• By offering loyalty programs

• By not charging bag and change fees

• By offering discounts

What strategy is the company using to manage increased fuel costs?

• Hedging and benefiting from tax reforms

• Cutting employee salaries

• Reducing flight frequency

• Raising ticket prices

What is the company's financial position regarding cash reserves?

• They are heavily in debt

• They have cash well in excess of their target

• They have a cash deficit

• They are breaking even

What is a significant issue faced by low-cost carriers in Europe?

• High fuel prices

• Overcapacity and too many empty seats

• High labor costs

• Lack of airport slots

How does the speaker describe the US airline market compared to Europe?

• Consolidated with high load factors

• Facing overcapacity issues

• Less profitable

• More competitive

What is the speaker's expectation for the revenue environment in the coming year?

• Stagnant

• Declining

• Uncertain

• Very healthy