Southwest Airlines Co

NYSE:LUV  
47.60
-0.22 (-0.46%)
4:08:23 PM EDT: $47.60 0.00 (0.00%)
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Southwest Airlines Co Says Current Estimate For November 2020 Year-Over-Year Change To Operating Revenue Remains Unchanged

Published: 11/12/2020 11:51 GMT
Southwest Airlines Co (LUV) - Southwest Airlines Co - Current Estimate for November 2020 Year-over-year Change to Operating Revenue Remains Unchanged.
Southwest Airlines Co - Experienced a Deceleration in Improving Revenue Trends for November and December 2020 in Recent Weeks.
Southwest Airlines Co - Unclear Whether Softness in Booking Trends is Also a Direct Result of Recent Rise in Covid-19 Cases.
Southwest Airlines Co - Continues to Expect Fourth Quarter 2020 Capacity to Decrease Approximately 40 Percent, Year-over-year.
Southwest Airlines Co - Estimates Its January 2021 Capacity to Decrease in the Range of 35 to 40 Percent, Year-over-year.
Southwest Airlines Co - Passenger Demand and Booking Trends Remain Primarily Leisure-oriented and Inconsistent by Region.
Southwest Airlines Co - Pursuing Additional Revenue Opportunities That Utilize Idle Aircraft.
Southwest Airlines Co - Continues to Estimate Fourth Quarter 2020 Economic Fuel Costs to Be in Range of $1.20 to $1.30 per Gallon.
Southwest Airlines Co - Now Estimates Average Daily Core Cash Burn to Be in Range of $10 Million to $11 Million in Fourth Quarter 2020.
Southwest Airlines Co - As of November 10, Had Cash and Short-term Investments of Approximately $13.6 Billion.
Southwest Airlines Co - Estimated December 2020 Operating Revenue Down 60% to 65%.
Southwest Airlines Co - Intention to Commence New Service to Sarasota Bradenton International Airport in Florida in Q1 2021.