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Southwest Airlines
Page 2 of Southwest Airlines news, latest stories & analysis
Should you buy or sell Southwest Airlines amid the rising wave of cancellations?
On Monday, Southwest Airlines Co. (NYSE:LUV) shares edged lower 2% after it extended its airline cancellations for the third day. The company had cancelled an additional 349 flights whilst putting 184 on hold in the morning.Southwest Airlines drew national attention over the weekend after cancelling more…
October 11, 2021
U.S. airlines cut Q3 guidance as COVID cases surge again
United Airlines Holdings Inc (NASDAQ: UAL) said on Thursday it no longer expects to pull out of adjusted pre-tax losses in its fiscal third quarter as rising COVID-19 cases were hurting bookings. Peers American, Delta, and Southwest airlines also issued similar warnings. Airlines’ stocks, however, are still trading up on…
September 9, 2021
Axios Sara Fischer: “Disney will have to lower expectations for Q3”
The Walt Disney Company (NYSE: DIS) is scheduled to report its second-quarter financial results on Thursday, after the bell. With the stock down more than 10% from its year-to-date high, what the mass media company reports for Q2 and guides for Q3 later tonight will determine if the share price…
August 12, 2021
Southwest Airlines lowers outlook as delta variant hits bookings
After weeks of relief that saw the demand for air travel recover significantly, the delta variant of the Coronavirus is starting to threaten the airline industry again. On Wednesday, Southwest Airlines Co (NYSE: LUV) slashed its forecast for profit and revenue, citing weaker bookings due to the resurrecting pandemic risks.
August 11, 2021
American, Southwest airlines report upbeat quarters on strong pent-up demand
American Airlines Group Inc. (NASDAQ: AAL) said on Thursday its revenue climbed by over 350% in the fiscal second quarter. The air carriers adjusted loss contracted more than expected as easing COVID-19 restrictions turned the daily cash burn positive. American Airlines’ Q2 financial performance American Airlines generated $7.48 billion of…
July 22, 2021
US dollar index (DXY) forecast after the strong NFP data
The US dollar index (DXY) rose for the fifth consecutive day as investors reacted to the latest US non-farm payroll data. It rose to $92.66, which is about 3.5% above the lowest level in May. US non-farm payrolls The US labour market is tightening as more states reopen following the…
July 2, 2021
Southwest Airlines reports a narrower than expected loss in fiscal Q1
Southwest Airlines Co. (NYSE: LUV) reported a narrower-than-expected loss in the fiscal first quarter on Thursday. The air carrier’s revenue, however, still fell shy of analysts’ estimates in Q1. Southwest Airlines shares were reported more than 3% up in premarket trading on Thursday. Including the price action, the stock is…
April 22, 2021
Airbus reports an increase in deliveries as demand rebound in March
Airbus SE (EPA: AIR) said on Friday that demand for air travel recovered a bit in the United States and China last month, resulting in an increase in deliveries. Consequently, the world’s largest aeroplane manufacturer posted a slight rise in Q1 deliveries. Airbus shares that you can learn to buy…
April 9, 2021
American Airlines secures £4.32 billion in government loan
In an announcement on Friday, American Airlines (NASDAQ: AAL) revealed to have secured a government loan worth £4.32 billion. The company also expressed confidence that it would be able to secure access to an additional £1.57 billion next month once the U.S. Treasury’s £19.62 billion loan package is allocated to…
September 26, 2020
Southwest Airlines expects lower than previously estimated cash burn in Q3
In an announcement on Wednesday, Southwest Airlines Co (NYSE: LUV) said that its per-day cash burn in the fiscal third quarter is now likely to print at a lower £13.10 million. The company also highlighted that signs of recovery were evident in bookings last month, and have also shown resilience…
September 16, 2020
Southwest Airlines swings to a £720 million loss in Q2
Southwest Airlines (NYSE: LUV) announced to have swung to a loss of £720 million in the fiscal second quarter on Thursday. In the same quarter last year, the company had reported a net income of £583 million. Analysts, on the other hand, were anticipating an even broader loss in Q2.
July 23, 2020
Southwest Airlines says its cash reserves are sufficient to sustain business for two more years
In an announcement on Wednesday, Southwest Airlines (NYSE: LUV) expressed confidence in its cash reserves that it said were sufficient to sustain business for two more years. In a previous forecast, the air carrier had estimated its cash to last for 20 months. Southwest remained dovish in its Q1 earnings…
June 17, 2020
Delta Stock Price Slides 2% As Buffett’s Berkshire Unloads Shares
Shares of Delta Air Lines (NYSE:DAL) trade around 2.5% lower in New York today after it was reported that Warren Buffett’s Berkshire Hathaway (NYSE:BRK) sold 18% of its stake in the airline.Fundamental analysis: Buffett unloads, revenue expected to plummetAccording to SEC filings, Berkshire reduced its stake in Delta by 18%…
April 6, 2020
Are the “Big Four” Carriers Too Big to Fail?
Larry Kudlow, White House Economic Advisor, shocked the public yesterday when he said that the planned bailout package is worth more than $2 trillion, which is the double the amount previously reported. While that is obviously a mouth-watering figure, the worrying part is that even that much may not be…
March 22, 2020
Southwest Airlines expects a $300 million hit to its operating revenue in the first quarter
With the travel and tourism industry taking the greatest hit across the globe due to the rapidly spreading Coronavirus, Southwest Airlines declared in its announcement on Thursday that its operating revenue in the first quarter can be expected to take a $300 million hit. Following…
March 5, 2020
Quarterly profit for Southwest Airlines drops by 21% amidst the Boeing 737 Max grounding
Southwest Airlines is the latest to have announced its fourth-quarter performance results in the current cycle of earnings reports. As per its announcement on Thursday, the airlines saw a massive 21% decline in quarterly profit as Boeing 737 Max grounding continued to weigh on its results. In the league of…
January 24, 2020
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