Southwest warns that revenue could drop as much as 95% in May [Yahoo! Finance News]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: Yahoo! Finance News
Southwest AirlinesLUV)reported a $94 million loss in the first quarter,“Based on significant capacity reductions and shelter-in-place restrictions, the company currently expects the effects of the pandemic to impact its second quarter 2020 financial performance much more significantly than in first quarter 2020,” according to the report.Here are key numbers from the report:“Trip cancellations remain at unprecedented levels, though they have receded from their peak in March,” Kelly said. Southwest has cut its schedule 50% through July and grounded almost 50% of its 742 aircraft.Southwest has $5.5 billion in cash and investments after lining up new lines of credit and reducing its annual operating costs by an estimated $2 billion, Kelly says. Southwest cut executive salaries, offered employees voluntary time-off and canceled capital projects.‘This is bad and the future is uncertain’assured Southwest’s 60,000 employeesSouthwest Airlines CEO Gary Kelly speaks at the annual Aviation Summit
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LUV
News
- Southwest Airlines cuts earnings outlook on government shutdown demand hit [CNBC]CNBC
- Charlamagne defends airline policy saying particularly obese passengers must buy 2nd seat [FOX News]FOX News
- Major changes could be coming to the auto industry [CNN]CNN
- Southwest Airlines (NYSE:LUV) is now covered by analysts at Citigroup Inc.. They set a "neutral" rating and a $38.00 price target on the stock.MarketBeat
- Rep. Omar responds to Trump's attacks: He's trying to ‘deflect' from his ‘failures' [CNN]CNN
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