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.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock