Tag Archives: Southwest

[unable to retrieve full-text content]Southwest Airlines Co. (LUV) Stock Price, News, Quote & History  Yahoo Finance Source link

Southwest Airlines (LUV) reported a loss for the fourth quarter, as the company took an $800 million pretax hit to earnings due to the computer system failure that led to the airline’s holiday travel meltdown. For the quarter, Southwest reported: “Due to the operational disruptions in late December, which resulted in more than 16,700 flight cancellations, we incurred a fourth quarter pre-tax negative impact of approximately $800 million (or approximately $620 million on an after-tax basis),… Source link

Shares of Southwest (LUV) sank as much as 6% on Tuesday after the airline canceled thousands of flights, leaving passengers stranded at airports and drawing scrutiny from federal officials. Southwest had canceled more than 2,590 flights on Tuesday as of 2:30 p.m. ET, or about 63% of its scheduled flights, according to tracker FlightAware. The disruption exacerbates a meltdown that began over the holiday weekend and saw 2,900 flights canceled on Monday. The U.S. Transportation Department (USDOT)… Source link

Southwest Airlines (LUV) reported leisure passenger traffic rebounded in June to 2019 levels, helping the airline generate its first monthly profit since the COVID-19 pandemic decimated the industry.   “I think we can sustain that going into the third quarter. I think we are all worried about this Delta variant,” CEO Gary Kelly told Yahoo Finance Live. Kelly called the second quarter an important milestone in the airline’s pandemic recovery. Southwest generated $4 billion in revenue during… Source link

Benzinga Fasten Seatbelts Again? New Turbulence For Boeing Ahead Of Q1 Earnings Approaching Q1 earnings a year ago, Boeing (NYSE: BA) investors would have probably loved to hear that by this time, the 737 Max would be back in the air, airlines would be ordering more of that particular plane, and daily U.S. passenger numbers would be around 10 times their deepest Covid-related depths. They probably would also have been pretty happy about a stock price near $250, up from lows near $150 going… Source link

Southwest Airlines (LUV) on Thursday reported a net loss of $1.2 billion on revenue of $1.8 billion in the third quarter. Chairman and CEO Gary Kelly says the coronavirus pandemic continues to cause huge losses for the airline but he is encouraged, “by modest improvements in leisure passenger traffic,” since a slowdown in July. Here are the quarterly results compared to consensus estimates compiled by Bloomberg: Diluted earnings loss per share: net loss of $1.96 per share vs. expected loss… Source link