Southwest Airlines reported (17-Jun-2020) continued improvements in passenger demand, bookings and trip cancellations in Jun-2020, in line with signs of net positive bookings in early May-2020. The carrier particularly noted an increase in leisure driven demand. Approximate results for May-2020 and expectations for Jun/Jul-2020 are as follows:
- May-2020:
- Operating revenues: -85% to -90% year-on-year;
- Capacity: -64%;
- Load factor: -30%.
- Jun-2020:
- Operating revenues: -70% to -75%;
- Capacity: -40% to -50%;
- Load factor: -40% to -50%.
- Jul-2020:
- Operating revenues: -65% to -70%;
- Capacity: -25% to -35%;
- Load factor: -45% to -55%.
Overall, capacity is expected to fall in the range of 50% to 60% in 2Q2020. [more - original PR]