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Southwest reports biggest ever quarterly loss on virus hit

Southwest reports biggest ever quarterly loss on virus hit

Source: Reuters
Date of Publication: October 22nd, 2020
Southwest Airlines Co LUV.N reported on Thursday a loss of more than $1 billion, its biggest ever, in the third quarter, while saying it would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse.
U.S. airlines lay out COVID-19 damage and renew calls for aid

U.S. airlines lay out COVID-19 damage and renew calls for aid

By: Tracy Rucinski, Sanjana Shivdas
Source: Reuters
Date of Publication: October 22nd, 2020
American Airlines AAL.O and Southwest Airlines LUV.N signaled on Thursday that they would continue to hemorrhage cash into next year as revenues hover around a third of 2019's levels due to a collapse in demand from the coronavirus.
Southwest Airlines says has enough cash for two years as demand improves

Southwest Airlines says has enough cash for two years as demand improves

Source: Reuters
Date of Publication: June 17th, 2020
Southwest Airlines (LUV.N) said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up.
Dow Expands Hand Sanitizer Production to Fight Coronavirus

Dow Expands Hand Sanitizer Production to Fight Coronavirus

Source: Bloomberg
Date of Publication: March 30th, 2020
Dow Chemical is now making hand sanitizer in five locations around the world. They will produce 880,000 eight-ounce bottles per week. Chief Executive Officer Jim Fitterling talks to David Westin on "Bloomberg Markets."
Gap stops paying rents, warns it might not have enough cash

Gap stops paying rents, warns it might not have enough cash for operations

By: Lauren Thomas
Source: CNBC
Date of Publication: April 23rd, 2020
Gap said it must take further action to find liquidity over the next 12 months, such as additional job cuts and new debt financing. The company said it did not pay rent on its shuttered stores in April, which amounts to roughly $115 million in monthly expenses in North America.