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.
![](data:image/svg+xml;charset=utf-8,<svg height="2156px" width="1280px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
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
