Southwest airlines expects 2021 cost savings to be more than $1 bln - conf call

Southwest airlines exec says expects 2021 cost savings to be more than $1 billion - conf call.southwest airlines exec says if demand continues to stall, will need to assess staffing next year.southwest airlines exec says that while overall business travel will be smaller, it expects to have a bigger slice of the pie.southwest airlines exec says it's going to take several years for business travel to recover.southwest airlines president says fall travel demand has slowed considerably over past several weeks.southwest airlines exec says expects 2020 operating expenses to be down over $2.7 billion, including benefit of fewer fuel gallons consumed.southwest airlines ceo says terms of u.s. government loans are very onerous, would rather avoid taking them.southwest airlines ceo says does not need to make fundamental changes to its fleet strategy at this time.southwest airlines cfo says plans to fly boeing 737 max jets in dec probably a 'best case scenario'.southwest airlines ceo says cash burn break-even depends on flying more passengers, but seeing more volatility than ever.southwest airlines ceo says 'we're like a patient in intensive care', focusing on 30- 60- 90-day fiscal horizons.southwest airlines ceo says there is still energy from airlines on temperature checks; wishes washington would take action.southwest airlines exec says boeing is out of compliance with its 737 max contract, everything needs to be completely re-set.
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