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Non-Tech : Airline Discussion Board
JETS 24.92-0.9%Nov 11 4:00 PM EST
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To: Moonray who wrote (1441)10/22/2020 2:18:13 PM
From: Sam1 Recommendation

Recommended By
OldAIMGuy

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BRIEF-Southwest Airlines CEO Says Co Has At Least 3 Years Of Cash, Can Borrow More If Needed - Conf Call
REUTERS 2:16 PM ET 10/22/2020

Symbol Last Price Change
LUV 42.36 +2.52 (+6.3253%)
QUOTES AS OF 02:17:06 PM ET 10/22/2020


Oct 22 (Reuters) - Southwest Airlines Co(LUV):

* SOUTHWEST AIRLINES(LUV) CEO SAYS CO HAS AT LEAST 3 YEARS OF CASH, CAN BORROW MORE IF NEEDED - CONF CALL

* SOUTHWEST AIRLINES EXEC SAYS CAUTIOUSLY OPTIMISTIC ABOUT LEISURE DEMAND GOING INTO HOLIDAY SEASON

* SOUTHWEST AIRLINES EXEC SAYS EXPECTS A MORE SIGNIFICANT NEGATIVE FINANCIAL IMPACT FROM BLOCKED MIDDLE SEATS IN OCT, NOV AS DEMAND CONTINUES TO IMPROVE

* SOUTHWEST AIRLINES EXEC SAYS BOOKED LOAD FACTOR FOR CHRISTMAS HOLIDAY PERIOD IS ROUGHLY IN LINE WITH PRIOR YEARS' BUT ON MUCH LOWER CAPACITY

* SOUTHWEST AIRLINES(LUV) CEO SAYS BELIEVES IT IS POSITIONED TO CAPTURE A LARGER SHARE OF CORPORATE CLIENTS THAN COMPETITORS WHEN BUSINESS TRAVEL RETURNS

* SOUTHWEST AIRLINES(LUV) CEO SAYS CO HAS A LOT OF BOEING 737-700S COMING UP FOR RETIREMENT IN NEXT 5-10 YRS THAT CO WILL WANT TO REPLACE, EYEING 737 MAX-7

* SOUTHWEST AIRLINES EXEC SAYS CO IS CURRENTLY ABOUT 20% OVERSTAFFED

* SOUTHWEST AIRLINES EXEC SAYS NOT SEEING RISE IN CANCELLATIONS FOLLOWING RECENT SPIKE IN COVID-19 CASES

* SOUTHWEST AIRLINES EXEC SAYS CO DOES NOT EXPECT TO CHANGE DECISION TO START SELLING MIDDLE SEATS IN DECEMBER Further company coverage:
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