Delta and American cut flights, freeze hiring as coronavirus hurts travel demand [CNBC]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: CNBC
A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images American Airlines Delta said it is reducing its international flying by as much as 25% and domestic capacity between 10% and 15%, among some of the deepest cuts announced in the U.S. so far. With so much uncertainty, the airline suspended its financial outlook for this year, which other U.S. carriers have also done. For its part, American said it will shave 10% off its peak summer international flying, one of the clearest signs yet that airline executives expect the coronavirus' impact on the business to last longer than expected. That includes a 55% cut to its trans-Pacific flying capacity as travel demand throughout Asia plummets. The virus originated in Wuhan, China in December and quickly spread throughout that country and to nearby South Korea, Singapore and Japan. It will also cut April domestic capacity by 7.5%. American, which had already suspended service to mainland China for se
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LUV
Earnings
- 10/24/24 - Beat
LUV
Sec Filings
- 11/12/24 - Form SCHEDULE
- 11/7/24 - Form 8-K/A
- 11/5/24 - Form 3
- LUV's page on the SEC website