The four major U.S. 188bet online sports betting lost more than billion in Q2,October relief funds run out or layoffs will occur again

Big Traffic Author of this article: Zhihui 2020-07-24
188bet online sports betting urgently need cash flow and profits,Once demand increases,They will quickly increase their transportation capacity。

According to AP report,Recently,The two major U.S. 188bet online sports betting announced second-quarter results and losses,Indicated by the company management,New confirmed cases of the new coronavirus in the United States have delayed the recovery of air travel,And bring more uncertain factors to the development of the industry。

Among them,American 188bet online sports betting lost more than billion in the second quarter,Southwest 188bet online sports betting lost 9.USD 1.5 billion。To this point,The four major U.S. 188bet online sports betting lost more than billion in the second quarter。

Southwest 188bet online sports betting CEO Gary Kelly said,Leisure travel business in May and June showed a turnaround compared to the previous two months,The company plans to increase the number of flights in July and August。But the past few weeks,Due to the surge in new confirmed cases in the United States,Flight bookings dropped。He also calls,There is still great uncertainty in the future,We must be prepared to adjust our plans at any time,Any plans made now may be disrupted by changes in the epidemic situation。

American 188bet online sports betting benefits from relatively early reopening of the economy。Company executive said,The number of orders from Texas small and medium-sized enterprises increased from 10,000 in April to 4 in June.50,000,But the number of orders from large companies is almost zero。Company adds flights in June and July,Aiming for business growth during peak summer travel。This strategy has achieved obvious results,But after Labor Day,About 40% of American 188bet online sports betting’ revenue comes from business travel。

Previously,Delta 188bet online sports betting releases financial report,Second quarter loss of US.7 billion,Mainly because the global partners filed for bankruptcy protection;United 188bet online sports betting loses .6 billion。

Data display,U.S. air travel demand plummeted 95% from March to May,American 188bet online sports betting and Southwest 188bet online sports betting carried 15.4 million passengers from April to June,But this number exceeded 98 million in the same period last year。

Due to the sharp drop in ticket revenue,188bet online sports betting have to cut costs、Reserve cash flow and other measures,In order to survive the new coronavirus crisis。At the same time,They also took out mortgage aircraft、Pre-sale frequent flyer program and other measures。

Some 188bet online sports betting may continue to lay off employees in October,The federal government’s bailout funds will be exhausted by then。American 188bet online sports betting has sent 2.50,000 employees issued layoff warnings,United 188bet online sports betting is 3.60,000 people,Delta 188bet online sports betting said it had issued layoff warnings to 2,500 pilots。

If enough employees are willing to take compensation and leave,The scale of layoffs will be reduced。Southwest 188bet online sports betting has not furloughed employees this year,Because about 400 employees have been paid to leave their jobs,1 more.20,000 people agreed to temporarily leave their jobs。

American 188bet online sports betting lost 20 in the second quarter.USD 700 million,Net profit for the same period last year was 6.USD 6.2 billion。Deduction of one-time items,Loss per share 7.USD 82,Very close to 17 FactSet analysts’ loss-per-share estimate of 7.USD 84。Also,Company revenue fell 86% to 16.USD 200 million,But still higher than analysts’ 14.USD 400 million expected。

CEO Doug Parker said,This is one of the most challenging quarters in the company’s history in the United States,There are still many uncertainties in the future。But he has confidence in American 188bet online sports betting,I believe the company can survive this crisis。

Excluding special items,Southwest 188bet online sports betting lost 2 per share in the second quarter.USD 67,2 per share vs. analyst forecasts. a slight increase。Income dropped 83% to 10.USD 100 million,Analysts forecast revenue of 9.USD 4.8 billion。

Alaska 188bet online sports betting name,The company lost 21.USD 400 million,Profit in the same period last year 2.USD 6.2 billion,Income decreased by 82%。

These 188bet online sports betting had hoped for increased demand for air travel as the summer drew to a close,But due to the surge in COVID-19 in June,Plans to increase flights had to be postponed。American 188bet online sports betting name,The company will carry 40% of the passenger volume by plane from July to September。

Helane Becker, analyst at consulting firm Cowen said,188bet online sports betting urgently need cash flow and profits,Once demand increases,They will quickly increase their transportation capacity。

United 188bet online sports betting CEO Scott Kirby said,As major 188bet online sports betting launch a war for passengers,Air ticket prices are expected to drop in a short time this week。This is happening。Represented by Southwest 188bet online sports betting,Average one-way airfare in Q2 is 4,Slightly down from 7 before the outbreak in 2019。


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