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.
3D Systems Corp. (NYSE: DDD) Q2 2020 earnings call dated Aug. 05, 2020 Corporate Participants: Jessica Stansell -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer And President Wayne Pensky -- Interim Chief Financial Officer Analysts:
Shares of Yelp (NYSE: YELP) were down over 15% on Friday, a day after the company reported a decline in revenue along with a net loss for the second quarter
The US economy added 1.8 million jobs in July, marking the third consecutive month of employment growth as the country recovers from the coronavirus pandemic that has caused widespread disruption.