Southwest airlines q2 rpms down 83.7%, asms down 55.3%

Quarterly loss per share $1.63.quarterly loss per share excluding special items $2.67.ended second quarter with liquidity of $15.5 billion.quarterly operating revenues $1.0 billion, down 82.9%.quarterly revenue passenger miles 5.61 billion, down 83.7%.quarterly available seat miles 17.89 billion, down 55.3%.q2 earnings per share view $-2.62, revenue view $845.3 million -- refinitiv ibes data.quarterly load factor 31.4% versus 86.4 %.quarterly operating revenue per asm 5.63 cents, down 61.9%.quarterly total operating expenses decreased 56.8%, to $2.1 billion.quarterly economic fuel costs were $1.33 per gallon versus $2.13 per gallon.q3 economic fuel costs estimated to be $1.20 per gallon - $1.30 per gallon.q2 economic fuel costs included $24 million, or $.12 per gallon, in premium expense and no cash settlements from fuel derivative contracts.southwest airlines - excluding fuel and oil expense and special items, quarterly operating expenses down 24.2%.southwest airlines - demand for air travel remains weak, which was driver of q2 net loss of about $1.5 billion, excluding special items.southwest airlines - encouraged by improvements in may and june leisure passenger traffic trends, versus march and april.southwest airlines - improving trends in revenue, bookings have recently stalled in july with rise in covid-19 cases.southwest airlines - will adjust flight schedule aggressively, frequently in response to volatile demand environment.
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