This is earnings report time...
04-18-2021, 08:13 AM
#1
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This is earnings report time...
Delta lead off the parade:
Delta's next earnings report (for Q2 FY 2021) is estimated to be released on July 15
Delta Air Lines (DAL) Earnings Call Recap
Delta President Glen Hauenstein said in the earnings release that the company saw a recent increase in customer demand resulting in current domestic leisure bookings 85% recovered compared to 2019 levels. Still, the company expects to post an adjusted pre-tax loss of up to $1.5 billion for Q2 FY 2021.5 On the company's conference call and in an interview with CNBC, Bastian said that the company has seen a huge surge in bookings in recent months and that Delta has made a turn. The company has resumed selling middle seats for flights after April 30.Delta's next earnings report (for Q2 FY 2021) is estimated to be released on July 15
04-21-2021, 03:07 PM
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Spirit Airlines EPS beats by $0.18, beats on revenue
Apr. 21, 2021 4:14 PM ETSpirit Airlines, Inc. (SAVE)By: Gaurav Batavia, SA News Editor3 Comments- Spirit Airlines (NYSE:SAVE): Q1 Non-GAAP EPS of -$2.48 beats by $0.18; GAAP EPS of -$1.15 beats by $1.48.
- Revenue of $461.3M (-40.2% Y/Y) beats by $2.12M.
- For the first quarter 2021, total revenue per passenger flight segment ("Segment") decreased 16.4 percent year over year to $84.27.
- Shares +1%.
- Press Release
04-22-2021, 06:09 AM
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American Airlines (AAL) Financial Results: Analysis
American Airlines Group Inc. (AAL) reported Q1 FY 2021 earnings that missed analyst predictions on several fronts. The airline posted adjusted losses per share $0.06 worse than consensus estimates. American Airlines' adjusted EPS number represents a significant widening of losses compared with adjusted losses per share of -$2.65 for Q1 FY 2020. Revenue came in slightly below analyst predictions at $4.0 billion for the quarter and was down by more than half year-over-year (YOY), a stark reflection of the lingering impact of the COVID-19 pandemic on the airline's business. The company gave no specific forward guidance for EPS in Q2 or the full year.1American Airlines Key Metric
American Airlines posted far worse-than-expected passenger load factor, a key measure of airline efficiency that shows the percentage of American Airlines' seating capacity that is being used.
04-22-2021, 07:27 AM
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Estimates: Wall Street expected Southwest to lose $1.85 per share. Revenue was seen falling 52% to $2.03 billion.
Results: Southwest lost $1.72 a share. Revenue tumbled 51.5% to $2.05 billion. Core cash burn was $9 million per day in March and $13 million per day in Q1. Management sees core cash burn of Q2 of $2 million-$4 million per day, with breakeven cash flow, or better, by June.
HOWEVER...
With govt money considered, $116M in the green, $24M profit sharing accrual.
Results: Southwest lost $1.72 a share. Revenue tumbled 51.5% to $2.05 billion. Core cash burn was $9 million per day in March and $13 million per day in Q1. Management sees core cash burn of Q2 of $2 million-$4 million per day, with breakeven cash flow, or better, by June.
HOWEVER...
With govt money considered, $116M in the green, $24M profit sharing accrual.
04-22-2021, 07:54 AM
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Originally Posted by flensr
Estimates: Wall Street expected Southwest to lose $1.85 per share. Revenue was seen falling 52% to $2.03 billion.
Results: Southwest lost $1.72 a share. Revenue tumbled 51.5% to $2.05 billion. Core cash burn was $9 million per day in March and $13 million per day in Q1. Management sees core cash burn of Q2 of $2 million-$4 million per day, with breakeven cash flow, or better, by June.
HOWEVER...
With govt money considered, $116M in the green, $24M profit sharing accrual.
Results: Southwest lost $1.72 a share. Revenue tumbled 51.5% to $2.05 billion. Core cash burn was $9 million per day in March and $13 million per day in Q1. Management sees core cash burn of Q2 of $2 million-$4 million per day, with breakeven cash flow, or better, by June.
HOWEVER...
With govt money considered, $116M in the green, $24M profit sharing accrual.
04-22-2021, 01:19 PM
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Originally Posted by Excargodog
So in this particular black swan event it would seem the advantage so far is with the LC/ULCC business model. Nobody is doing good, but they are doing less bad.
There's a masters or PhD thesis in there somewhere, and I'm sure this will get studied for decades as the next chapter right after the lesson on the "Southwest effect" that all MBA students have to go through.
04-22-2021, 02:21 PM
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Originally Posted by flensr
It is not insignificant that SWA alone never went into a negative cash position (cash on hand minus debts, without considering value of assets), and this has given SWA quite a bit of organizational flexibility that other companies may not feel at the moment. If SWA had received zero govt money, we'd still have had 10+ billion in cash and *might* have still had positive cash position without selling off any assets. Last numbers I saw, if SWA paid off all loans we'd still have $3B in cash, which is pretty close to how much we got in payrolls support grants. And the only downsizing we did (other than voluntary early retirements) was retire planes we only held onto in the first place because the MAX was grounded, and return some leased -700s. I don't think any other majors in the world were even close to being that well prepared for an economic disaster of this magnitude. Was that because of the LCC business model, or just a corporate culture that favored piling up a really fat rainy day fund in addition to stock buybacks during the previous economic boom?
There's a masters or PhD thesis in there somewhere, and I'm sure this will get studied for decades as the next chapter right after the lesson on the "Southwest effect" that all MBA students have to go through.
There's a masters or PhD thesis in there somewhere, and I'm sure this will get studied for decades as the next chapter right after the lesson on the "Southwest effect" that all MBA students have to go through.
Also, Boeing was paying to store the MAXs and was paying them for the lost revenue. I believe Gary mentioned in a Video, that the grounding actually help them early in the Pandemic,
04-22-2021, 02:25 PM
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Originally Posted by Texasbound
Also, Boeing was paying to store the MAXs and was paying them for the lost revenue. I believe Gary mentioned in a Video, that the grounding actually help them early in the Pandemic,
04-22-2021, 04:46 PM
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https://www.google.com/amp/s/www.cnb...earnings-.html
- Severe weather in February that hit several of the company's operating hubs cut its operating income by roughly $350 million, FedEx said.
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