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Southwest Airlines Says Continues To Expect Its Q3 2020 Capacity To Fall In Range Of 30% To 35%, Year-Over-Year
Southwest Airlines Estimates Q3 Average Core Cash Burn To Be About $20 Mln Per Day
Southwest Airlines Announces Pricing Of Notes
Southwest Airlines Co. (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest's EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest's respective policies. Southwest's Rapid Rewards frequent flyer program enables program members (Members) to earn points for every dollar spent on Southwest fares. Its Internet Website, Southwest.com, is an avenue for Southwest customers to purchase and manage travel online. As of December 31, 2016, Southwest operated a total of 723 Boeing 737 aircraft and served 101 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and eight near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, and Cuba.
2702 Love Field Dr
PO Box 36611
Gary C. Kelly
Chairman of the Board, Chief Executive Officer
Thomas M. Nealon
Vice Chairman of the Board
Chief Financial Officer, Executive Vice President
Michael G. Van de Ven
Chief Operating Officer
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Southwest Airlines Co <LUV.N> said on Thursday it has now returned to service about half the 115 Boeing <BA.N> 737-800 aircraft it temporarily grounded after it discovered discrepancies in aircraft weight data.
Southwest Airlines Co <LUV.N> said on Wednesday it will continue to limit the number of seats sold on each flight, allowing middle seats to remain open through November, and expects its daily cash burn to slow in the third quarter as bookings improve.
Southwest Airlines Co said on Wednesday it now expects cash burn to slow to $17 million per day in the third quarter, as airlines continued to top the list of industries hit by the coronavirus crisis.
American Airlines <AAL.O> could seek a larger loan from the U.S. Treasury Department, its chief financial officer said on Wednesday, noting that some peers may not use their portion of $25 billion in loans set aside for airlines under the CARES Act.
Southwest Airlines <LUV.N> said on Wednesday it expects cash burn in the third quarter to slow as bookings improve modestly for August and September, even as demand remains choppy due to the coronavirus crisis, forcing the carrier to cut back its flight schedule.
Southwest Airlines Co expects cash burn in the third quarter to slow to about $20 million per day as bookings improve modestly in August, following a weak July due to the coronavirus crisis, the U.S. carrier said https://bit.ly/3271sa0 on Wednesday.
Southwest Airlines Co <LUV.N> Chief Executive Gary Kelly said on Wednesday he does not expect the airline will be profitable in 2020 amid the coronavirus pandemic, snapping a 47-year streak of posting consecutive full-year profits.
Southwest Airlines supports union efforts to convince lawmakers to extend the $32 billion U.S. payroll support program for airlines, airports and contractors set to expire in September, for another six months, Chief Executive Gary Kelly said in a video message to employees.
Two of Boeing Co's <BA.N> biggest commercial airline customers said on Thursday they are still committed to the 737 MAX despite delays in its return to flight and the coronavirus pandemic, though the head of Southwest Airlines <LUV.N> said contracts need to be "completely...
Southwest Airlines <LUV.N> expects to save more than $1 billion in 2021 thanks to the high number of employees taking early retirement or extended time off as the industry grapples with the coronavirus pandemic, an executive told investors on Thursday.
American Airlines <AAL.O> and Southwest Airlines <LUV.N> are rethinking the number of flights they had planned to add to their schedules for August and September as COVID-19 cases accelerated in the United States, passing 4 million on Thursday.
Southwest Airlines <LUV.N> will keep the Boeing Co <BA.N> 737 MAX off its schedule through mid-December, it said on Thursday, as regulators review the grounded plane's return after two fatal crashes.
Southwest Airlines Co <LUV.N> said on Thursday it is rethinking the number of flights it had planned to add in August and September as weakening revenue pushes its daily cash burn up.
Southwest Airlines Co on Thursday warned that travel demand would remain depressed until a vaccine or treatment for COVID-19 becomes available, as it posted a $915 million loss for the second quarter.
Southwest Airlines <LUV.N> said on Wednesday it was eliminating all exemptions from its face-covering requirement except for children under 2 years old, in the toughest policy yet among U.S. airlines.
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Southwest Airlines <LUV.N> has received interest from 28% of its workers for extended leave or exit deals, Chief Executive Gary Kelly told employees on Monday, while Delta Air Lines <DAL.N> said it was reviewing its pilot staffing after 2,234 bids for early retirement.
Delta Air Lines and Southwest Airlines have each received strong demand from pilots for early departure packages aimed at slimming their workforces to weather the coronavirus pandemic, according to preliminary numbers.
Around 24% of Southwest Airlines <LUV.N> pilots and around 33% of flight attendants have agreed so far to early retirement or long-term leaves of absence, a person familiar with the matter the said, while noting that there is still a period of time for employees to rescind...
Southwest Airlines Chief Executive Gary Kelly told employees on Monday it needs a dramatic jump in passenger demand or it will be forced to take new steps to reduce staffing.
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