Southwest Airways (NYSE: LUV) at this time reported its second quarter monetary outcomes for the interval ended June 30, 2021.
GAAP internet revenue for the second quarter was $348 million or $0.57 per share in comparison with GAAP internet lack of $915 million or $1.63 loss per share within the second quarter of 2020.
“Now we have large flexibility and alternative with our Boeing 737 MAX (MAX) order e book. Along with committing 55 plane to 18 new cities and roughly 37 plane to Hawaii by the tip of this yr, we intend to make the most of new plane subsequent yr and past to revive most of our pre-pandemic routes and frequencies, and pursue new market alternatives. We are able to select to speed up fleet modernization efforts if these progress alternatives don’t materialize. We imagine 2022 shall be one other transition yr within the pandemic restoration, and our major objectives shall be to ship operational reliability with optimized sources; generate strong income and margins; restore and develop the route community; and scale back carbon emissions depth.”
Gary Kelly, Chairman and CEO
Will the Airline Business Evolve or Die After the Black Swan-ish Disruption?
Is the airline business watching an evolutionary cycle after the Coronavirus-induced Pandemic that has no parallels prior to now? What was the thought strategy of prime airline executives as Covid-19 unfolded? Have been they ready? What lies forward? We attempt to discover out from the treasure trove of Earnings Transcripts & Press Releases.