Alaska Air Group
Alaska Air Group (NYSE: ALK) expects revenue for the second quarter of 2021 to be down approx. 33-35% from the same period in 2019. Capacity is expected to be down approx. 20% from 2019 while passenger load factor is estimated to be around 74-76%. Revenue passengers is expected to be down approx. 28-30%. Cost per available seat mile, excluding fuel and special items, is expected to be up around 12-14%. Cash flow from operations is expected to be around $650-750 million.
JetBlue Airways
JetBlue Airways Corp. (NASDAQ: JBLU) expects revenue to decline 30-33% in Q2 2021 compared to Q2 2019. Flown capacity is expected to drop approx. 15% versus the same period in 2019. Operating expenses are expected to decrease around 7% versus Q2 2019.
American Airlines
American Airlines Group (NASDAQ: AAL) expects Q2 2021 revenue to be down approx. 40% versus Q2 2019. System capacity is estimated to be down 20-25% versus Q2 2019. The company expects to end the second quarter with over $20 billion of total liquidity.
Delta Air Lines
Delta Air Lines (NYSE: DAL) expects total revenue on an adjusted basis to decline 50-52% to $6-6.2 billion in Q2 2021 compared to Q2 2019. Scheduled capacity is estimated to be down approx. 32% while sellable capacity is expected to be down approx. 40%. Cost per available seat mile, ex certain items, is estimated to be up around 9%.
Southwest Airlines
Southwest Airlines Co. (NYSE: LUV) projects operating revenues in the month of June to be down approx. 20% compared to the same period in 2019. Revenues in July are expected to be down 15-20% from the same month in 2019. The company expects its capacity for the second quarter of 2021 to increase approx. 87% compared to Q2 2020 and decrease approx. 16% compared to Q2 2019. Operating expenses in Q2 is expected to increase 10-15% year-over-year.
Click here to access the earnings infographics of these airline stocks