Old 11-12-2020 | 05:02 AM
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docav8tor
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Default LUV continues to decrease cash burn and...

"The Company's average daily core cash burn in October 2020 was approximately $10 million, which compares favorably with its previous estimate of approximately $12 million per day, primarily due to continued improvements in close-in leisure demand. The Company now estimates its average daily core cash burn to be in the range of $10 million to $11 million in fourth quarter 2020, which compares with its previous estimate of approximately $11 million."

and

"The Company continues to expect its fourth quarter 2020 capacity to decrease approximately 40 percent, year-over-year. The Company recently adjusted its January 2021 published flight schedule, and currently estimates its January 2021 capacity to decrease in the range of 35 to 40 percent, year-over-year."
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