Southwest Airlines Co

NYSE:LUV   3:59:59 PM EDT
+0.52 (+0.99%)
: $53.38 +0.54 (+1.02%)
Other Pre-Announcement, Special Events, Environmental

Southwest Airlines Co Says Expects To Cancel Nearly 2,700 Flights In Q3 2021 Due To The Impact From Hurricane Ida

Published: 09/09/2021 11:39 GMT
Southwest Airlines Co (LUV) - Southwest Airlines Co - Expects to Cancel Nearly 2,700 Flights in Third Quarter 2021 Due to the Impact From Hurricane Ida.
Southwest Airlines - Expects Q4 2021 Capacity to Increase About 60 Percent, Year-over-year, and to Decrease About 5 Percent Compared With Q4 2019.
Southwest Airlines - Believe Recent Negative Effects of Pandemic on Aug and Sept Revenue Trends Will Make It Difficult for to Be Profitable in Q3 2021.
Southwest Airlines - Expects Q3 2021 Unit Costs, Excluding Fuel, Other Items, to Increase in Range of 1% -5% Versus Q3 2019.
Southwest Airlines - Company is in Process of Adjusting Its Published Flight Schedules and Capacity for Remainder of 2021.
Southwest Airlines - As of Sept 7, 2021, Co Had Cash, Short-term Investments of About $16.2 Billion, Well in Excess of Debt Outstanding.
Southwest Airlines Co - Estimated Q3 2021 Load Factor 80% to 85%.
Southwest Airlines Co - Estimated Q3 2021 Operating Revenue Compared With 2019, Down 18% to 20%.
Southwest Airlines Co - Cancellation of Flights Due to Hurricane Ida Reduces Q3 Capacity Estimate by About One Point From Previous Estimation.
Southwest Airlines Co Sees Estimated Q3 2021 Asms Year-over-year, Up About 47%.
Southwest Airlines - Sees Estimated Q3 2021 Asms Down About 2% Versus 2019.
Further Company Coverage: Luvn ((reuters.