Originally Posted by
Chimpy
Well..... this hit the legacies a tad sooner. (Intl lockdown) They also have a much older group, multiple fleets etc. They have a lot more variables.....
what is SWA doing, ? How much capacity have they cut?
Southwest said it will "soon" reduce flight schedules, which will reduce capacity by at least 20% from April 14 to June 5, and will continue to evaluate further flight schedule cuts, it said. Southwest is implementing a hiring freeze and offering voluntary leave, "aggressively evaluating all capital spending, discretionary spending, and all non-essential costs for near-term cost reductions or deferrals," it said.
Additionally, today they borrowed $1.0B to improve liquidity, even though they already had around 3B on hand.
If SWA cuts “at least” 20% capacity, I wouldn’t expect us to do any better....