And so, even with the negative revenue impact at the beginning of the quarter, we had record first quarter operating revenues of $5.7 billion and record first quarter RASM of $0.15. The airline announced Thursday its giving 60,000 employees a $667 This now puts us roughly two points lower than our original capacity plan for this year, with Q3 being one point lower and Q4 being six to seven points lower on a year-over-year basis. That includes an estimated $0.13 of hedging gains, which equates to cost savings of roughly $70 million in second quarter alone. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. They were flight instructors, pilots and aircraft. Hi everybody and thank you very much for the time. Thanks. David Slotnick -- Aviation Business Reporter. Travel demand remained strong thus far, but we remain mindful of the uncertain economic environment. And assuming we continue on plan here and what we're forecasting, we're set to turn in another record revenue performance in the second quarter. But yes, I didn't call it out specifically because I mean, we have a large and complex network. It's kind of per normal. We will participate with enthusiasm on that and do our part to make this even safer. There's a lot of labor and wage inflation. That is tremendous progress, and it feels like we're very close to full corporate revenue recovery at Southwest. We are very fortunate to have a loyal customer base at Southwest that we do not take for granted, and we'll continue to communicate to them about our remediation plans and aim to consistently deliver the hospitality, customer service and operational reliability they are accustomed to from us at Southwest. Thank you. All salaries and reviews are posted by employees working at Southwest Airlines vs. United Airlines. And with that, I will turn it over to Ryan. OK. Employees as expenses vs. employees as assets; Compensation below market, above market, or competitive Thank you, Ryan, and hello, everyone. If you look, Jamie, at the use case, you talked about a new flyer, the entry-level product is where we shine. And maybe as a follow-up to that, Bob and Andrew, we're talking about restoring the network and getting back to where we were. I'm not asking for a number, more directionally kind of how you're thinking about it. With its revenue decline far outpacing its cost cuts, Southwest Airlines posted an operating loss of nearly $2.2 billion. Cons 100% remote is convenient but makes collaborative work challenging to align. In addition to the recent aircraft delivery delays, which are not reflected in our contractual order book, we continue to reflect 46 undelivered 2022 contractual aircraft deliveries as 2023 deliveries in the order book, further outlined in our press release. One is more as a brand overall and is a longer term measure. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Ask anonymous questions on Fishbowl and get real time answers from Southwest Airlines and United Airlines employees and others in your industry. Hier, mitten in Hollenburg, ca. So, we've got the labor contracts accrued. Yes. We're also very-focused on mobile and other enhancements on our technology road map to offer more self-service options for our customers to give them more flexibility and ease during their journey. We have a lot of opportunities, but we want that growth to be orderly and measured and as consistent as we can be year to year to year. WebThe average Southwest Airlines salary ranges from approximately $40,000 per year for Administrator to $184,000 per year for Accounting Manager.
