Southwest Airlines Co

NYSE:LUV   3:59:59 PM EDT
42.54
-1.86 (-4.19%)
4:08:00 PM EDT: $42.50 -0.04 (-0.09%)
Other Pre-Announcement

Southwest Airlines Says May Operating Revenue Performed In Line With Co's Expectations, Represented Sequential Increase Compared With April 2021

Published: 06/08/2021 10:42 GMT
Southwest Airlines Co (LUV) - Southwest Airlines - May Operating Revenue Performed in Line With Co's Expectations, and Represented a Sequential Increase Compared With April 2021.
Southwest Airlines Co - Based on Current Bookings, Co Expect Sequential Improvement in Operating Revenues in June 2021 Compared With May 2021.
Southwest Airlines Co - Continues to Experience Fairly Typical Booking Patterns for Summer 2021 Travel.
Southwest Airlines Co - May 2021 Business Revenues Were Down Approximately 77 Percent Compared With May 2019.
Southwest Airlines Co - Estimated Load Factor for June About 85%.
Southwest Airlines Co - Continues to Expect Its Q2 2021 Capacity to Increase Approximately 87 Percent, Year-over-year.
Southwest Airlines Co - Expects Its August 2021 Capacity to Increase Approximately 39 Percent, Year-over-year.
Southwest Airlines Co - Continues to Expect Q2 2021 Economic Fuel Costs to Be in Range of $1.90 to $2.00 per Gallon.
Southwest Airlines Co - Average Core Cash Burn Was Approximately $2 Million per Day in May 2021.
Southwest Airlines Co - Continues to Expect to Achieve Breakeven Average Core Cash Flow, Or Better, in June 2021.
Southwest Airlines - Recently Received Second Disbursement of Approximately $926 Million of Payroll Support Funding Under American Rescue Plan Act of 2021.
Southwest Airlines - Recently Entered Into a Supplemental Agreement With Boeing to Increase Its 2022 Firm Orders by 34 Boeing 737 Max 7 Aircraft.