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.
Snap Inc. (NYSE: SNAP) reported second quarter 2021 earnings results today. Revenues increased 116% year-over-year to $982 million. Net loss amounted to $151.6 million, or $0.10 per share, compared to
Microblogging platform Twitter, Inc. (NYSE: TWTR) Thursday reported a profit for the second quarter of fiscal 2021, compared to a loss last year. Both earnings and revenue came in above
Intel Corporation (NASDAQ: INTC) Thursday reported financial results for the second quarter of 2021. The revenue was reported at $19.6 billion compared to $19.7 billion in the previous year's second