Categories AlphaGraphs, Industrials
Southwest Airlines (LUV) Q2 earnings: CEO says ‘air travel demand to remain depressed’
Southwest Airlines (NYSE: LUV) reported a loss of $915 million or $1.63 per share on a GAAP basis and loss of $1.5 billion or $2.67 per share on an adjusted basis for its Q2 2020. The airline carrier’s revenue in the second quarter plunged 83% to $1 billion, hurt by the pandemic.
LUV stock, which had lost 38% of its value so far this year, was down about 1% in the pre-market trading session.
“We expect air travel demand to remain depressed until a vaccine or therapeutics are available to combat the infection and spread of COVID-19. We will adjust our flight schedule aggressively and frequently in response to this volatile demand environment,” said CEO Gary Kelly.
Check out Southwest Airlines Q2 2020 earnings call transcript
Most Popular
Tyson Foods (TSN) Q2 2024 Earnings: Key financials and quarterly highlights
Tyson Foods, Inc. (NYSE: TSN) reported second quarter 2024 earnings results today. Sales dipped slightly to $13.07 billion from $13.1 billion in the same period a year ago. Net income
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its
