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October 23,Gary Kelly, CEO of Southwest Airlines said,The airline is now focusing its operations on 188bet Live Casino、On vacation flight,The reasoning is that it is difficult for them to predict when business 188bet Live Casino will actually recover from the coronavirus pandemic。
Kelly said on a financial program,After the recession,Business 188bet Live Casino typically takes about five years to expand again。
“You have to believe that this will be the case at least in the short term。I’ve said it before,Business 188bet Live Casino may take 10 years to recover。”
But we will be prepared to rely more on consumer 188bet Live Casino, Kelly said shortly after Southwest Airlines reported its largest-ever quarterly loss of .2 billion,We will do well in this environment。”Not long ago,As pandemic continues to weaken demand for air 188bet Live Casino,Airline posts largest quarterly loss ever。
Data display,Southwest Airlines third-quarter operating income of .8 billion,Compared to 56 in the same period last year.US.9 billion down 68.2%,Market expected 1.7 billion US dollars;Net loss 11.US.7 billion,Net profit for the same period last year was 6.US.9 billion;Loss per share 1.USD 96,Earnings per share for the same period last year.USD 23。Other data,Southwest Airlines’ third quarter passenger load factor dropped by 38% year-on-year.6%,Revenue per available seat mile (ASM) decreased by 52% year-over-year.7% to 6.78 cents。
But in the meantime,The company’s cash burn of approximately million per day has improved from approximately million per day in the second quarter。
Dead of publication,Southwest Airlines shares rose nearly 5%,Temporary report 41.USD 60。
COVID-19 crisis devastates aviation industry,The industry has been lobbying Congress for more financial aid,To protect employment。Although air 188bet Live Casino overall has rebounded from its lowest point in April,But business 188bet Live Casino is not returning as fast as tourism、As fast as a vacation flight。According to data from Airlines for America, an industry organization representing major U.S. airlines,This has had a significant impact on many airlines,Because before the outbreak,Business travelers account for only 30% of trips,But it contributes 50% of American Airlines’ revenue。
In recent months,Many business meetings are conducted via video conferencing,Instead of requiring employees to fly for face-to-face visits。Therefore,People are raising questions about where coronavirus still poses a threat,How willing will companies be to return to previous levels of 188bet Live Casino。
Kelly said,He thinks 188bet Live Casino “doomsday” prediction is unlikely to come true。
"My opinion is,188bet Live Casino too shall (eventually) pass。Just like 911,Everyone says the world will change,People don’t fly,But they were wrong。”
“I do think business people have a need to 188bet Live Casino,I think this will go back to 'normal' at some point。I bet you,This will be a long time coming。But this is just my opinion,The planning we need to do is different...we must manage this risk,It must therefore be assumed that in the future we will be even more dependent on other consumer travelers for demand。”
Kelly said,One way to do 188bet Live Casino is to adjust the routing system,Tailor it more around the flights leisure travelers will take。He also said,188bet Live Casino means "We need to keep costs low,To keep fares low”。
Although this is the company’s near-term strategy,But Kelly also said that "company forecasts of business 188bet Live Casino may prove to be wrong,The return time of this business may be earlier than expected”。
"Okay,188bet Live Casino is a better result。We will buy more planes,It would also be nice to see 188bet Live Casino。" Kelly finally said。
*Source of 188bet Live Casino article: Tencent US Stocks, author: Drew, original title:《Southwest Airlines CEO: Business 188bet Live Casino may take ten years to recover,has shifted its focus to 188bet Live Casino routes》.
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