• Fri. Sep 18th, 2020

Dimancherouge

Technology

Southwest Air Lifts Load-Factor Estimate, Affirms on Revenue

Southwest Airlines  (LUV) – Get Report on Wednesday updated its financial-guidance trends, increasing its outlook for September load factor and affirming its revenue view, and reducing its third-quarter guidance for daily cash burn. 

The company expects its load factor – the percentage of seats occupied by paying passengers – in September to range 45% to 50%, up from its previous estimate of between 40% and 50%. 

October load factor is expected to range between 45% and 55%.

Southwest also affirmed its expectation that revenue would decline 65% to 70%  in September and drop 65% to 75% in October. 

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