Southwest posts first loss in 11 years [CNNMoney.com]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: CNNMoney.com
Southwest posts first loss in 11 years New York (CNN Business) Southwest Airlines reported its first quarterly loss since the depths of the Great Recession 11 years ago. Southwest ( LUV ) lost $77 million excluding special items, which was a bit better than Wall Street's expectations. But it was the carrier's first red ink since the first quarter of 2009. Revenue fell $915 billion, or 18%, from a year earlier. The company has been one of the industry's most profitable airlines, but coronavirus has dealt serious damage to airlines . Travel has fallen to virtually zero during the pandemic. Southwst said the current quarter will also yield miserable results. It said revenue in April and May is expected to be down at least 90%, although trip cancellations have receded from their peak in March. And it said it sold only 6% of its seats to paying passengers in April. "The current outlook for second quarter 2020 indicates no material improvement in air travel trends," said t
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News
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LUV
Earnings
- 10/22/25 - Beat
LUV
Sec Filings
- 12/5/25 - Form 8-K
- 11/3/25 - Form 8-K
- 10/28/25 - Form 424B5
- LUV's page on the SEC website