Southwest Posts Narrower-Than-Expected Loss, Burns Less Cash [TheStreet.com]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: TheStreet.com
Southwest Airlines(LUVGet ReportThe Dallas-based airline posted an adjusted loss of $77 million, or 15 cents a share, vs. profit of $387 million, or 70 cents, in the same period a year ago. Analysts polled by FactSet had been expecting a per-share loss of 24 cents. Revenue slid 24% to $24.7 billion from $31.3 billion, in line with analysts’ forecasts.Southwest said it expects its crucial "cash-burn rate" - a closely watched figure that gives a snapshot into how much money an airline is spending to maintain operations without a profit - to be in the range of $30 million to $35 million in the second quarter of 2020, roughly half of the $60 million to $65 million it had expected.“The U.S. economy has been at a standstill, and the current outlook for second quarter 2020 indicates no material improvement in air travel trends,” CEO Gary Kelly said in a statement. “Trip cancellations remain at unprecedented levels, though they have receded from their peak in March. As such, we have significa
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- 10/22/25 - Beat
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Sec Filings
- 12/5/25 - Form 144
- 12/5/25 - Form 8-K
- 11/3/25 - Form 8-K
- LUV's page on the SEC website