Southwest Airlines Co

NYSE:LUV   9:47:27 AM EDT
61.64
-0.66 (-1.06%)
Other Pre-Announcement

Southwest Airlines Says Continues To Expect Its Q3 2020 Capacity To Fall In Range Of 30% To 35%, Year-Over-Year

Published: 09/16/2020 11:05 GMT
Southwest Airlines Co (LUV) - Southwest Airlines Co - Continues to Expect Its Q3 2020 Capacity to Decrease in Range of 30 to 35 Percent, Year-over-year.
Southwest Airlines Co - Company is in Process of Reducing Its November 2020 Published Flight Schedule.
Southwest Airlines Co - Currently Estimates Its November 2020 Capacity to Decrease in Range of 35 to 40 Percent, Year-over-year.
Southwest Airlines Co - Close-in Leisure Demand Trends Experienced in August 2020 Have Continued, Thus Far, Into September 2020.
Southwest Airlines Co - Continues to Expect Its Q3 2020 Capacity to Decrease in Range of 30 to 35 Percent, Year-over-year.
Southwest Airlines Co - Company's Average Daily Core Cash Burn in August 2020 Was Approximately $19 Million.
Southwest Airlines Co - Now Estimates Its Average Daily Core Cash Burn to Be Approximately $17 Million in Q3 2020.
Southwest Airlines Co - As of September 15, 2020, Company Had Cash and Short-term Investments of Approximately $14.8 Billion.
Southwest Airlines Co - Does Not Currently Plan to Utilize Its Loyalty Program Should It Need to Secure Additional Financing.
Southwest Airlines Co - in August , Experienced Modest Improvement in Close-in Leisure Passenger Demand, Compared With July.
Southwest Airlines Co - Close-in Leisure Demand Trends Experienced in August Have Continued, Thus Far, Into September.
Southwest Airlines Co - Average Daily Core Cash Burn in August 2020 Was Approximately $19 Million.