Southwest airlines estimates q3 average core cash burn to be about $20 mln per day

Southwest airlines co - continues to experience significant negative impacts to passenger demand and bookings in q3 due to covid-19 pandemic.southwest airlines co - preliminary july 2020 operating revenues decreased, year-over-year, in range of 70 to 75 percent.southwest airlines co - preliminary july capacity decreased about 31 percent, year-over-year.southwest airlines co - now estimates q3 2020 capacity to decrease in the range of 30% to 35%.southwest airlines co - preliminary july 2020 load factor was approximately 43 percent.southwest airlines co - estimates its october 2020 capacity to decrease 40% to 50%.southwest airlines co - estimates august 2020 capacity to decrease about 27 percent.southwest airlines - based on modest improvements in close-in leisure passenger demand, now estimates aug. operating revenue to decrease 70%-75%.southwest airlines co - estimates august 2020 load factor to be in range of 40 to 45 percent.southwest airlines - now estimates its average core cash burn to be about $20 million per day in q3.southwest airlines co - as of august 18, had cash and short-term investments of about $15.2 billion.southwest airlines - believe can secure additional financing at favorable terms, has since decided not to participate in secured loan program.
LUV Ratings Summary
LUV Quant Ranking