Airline and Hotel Operating and Financial Reports

Amidst Coronavirus, Southwest Airlines Posts First Loss Since 2011

Amidst Coronavirus, Southwest Airlines Posts First Loss Since 2011

Southwest Airlines announced financial results for the first quarter of 2020.
The Dallas-based airline posted its first quarterly loss since 2011 and predicted “ “no material improvement in air travel trends” for the spring amidst the coronavirus pandemic.
Southwest reported a first-quarter loss of $94 million on revenue of $4.23 billion, an 18% decline year-over-year decline.
The carrier announced a public stock offering of 55 million shares, worth around $1.6 billion at Monday’s …

Delta Records First Loss in Five Years Amidst Coronavirus Pandemic

Delta Records First Loss in Five Years Amidst Coronavirus Pandemic

Delta Air Lines announced financial results for the first quarter of 2020, reporting a loss of $534 million, down $1.3 billion from the $730 million profit in same period in 2019.
The Atlanta-based company was the first major airline to report the financial impact of the beginnings of the coronavirus outbreak, which started to have an impact on travel in late January.
Excluding special items, the loss for the quarter was $326 …

United Airlines Reports $2.1 Billion First-Quarter Loss

United Airlines Reports $2.1 Billion First-Quarter Loss

United Airlines announced financial results for the first quarter of 2020, the first major airline to offer detailed financial information for the period.
The Chicago-based airline said revenue fell to $8 billion, down 17% compared to the same period in 2019. On an adjusted basis, United said it had a roughly $1 billion loss in the quarter.
The nation’s third largest carrier said it expects to borrow up to $4.5 billion from …

United Airlines Sees 97% Drop in Traffic, Will Cut Flying by 90% for May

United Airlines Sees 97% Drop in Traffic, Will Cut Flying by 90% for May

United Airlines’ top executives reported a 97% drop in traffic for the first two weeks of April amidst the novel coronavirus outbreak, compared to the same period in 2019, and warned of the need for a significant reduction in its workforce come October 1.
“Less than 200,000 people flew with us during the first two weeks of April this year, compared to more than 6 million during the same time in …

Citing Coronavirus, Hawaiian Airlines Reports Sharp Decline in Traffic, Capacity, and Load Factor

Citing Coronavirus, Hawaiian Airlines Reports Sharp Decline in Traffic, Capacity, and Load Factor

Hawaiian Airlines announced operational results for March 2020. The figures reflect the drop in demand that began with the U.S. restrictions on foreign travel that began in January 2020 due to the worldwide outbreak of the novel coronavirus and have increased since then.
The airline reported that it carried 542,456 passengers in March, a year-over-year decrease of 45.4% from 993,548 in the same period last year.
Traffic for the Honolulu-based carrier during …

Hawaiian Airlines Records Increase in Traffic, Drop in Load Factor

Hawaiian Airlines Records Increase in Traffic, Drop in Load Factor

Hawaiian Airlines announced operational results for February 2020.
The airline reported that it carried 856,687 passengers in February, a year-over-year decrease of 1.6% from 870,537 in the same period last year.
Traffic for the Honolulu-based carrier during the month was 1.34 billion RPMs, or revenue passenger miles, an increase of 6.4% from 1.26 billion RPMs in February 2018. The carrier’s total capacity for the month was up 13.3% to 1.68 billion ASMs, …

Aeromexico Posts Drop in Load Factory, Traffic for February

Aeromexico Posts Drop in Load Factory, Traffic for February

Aeromexico announced operational results for February 2020. The Mexico City-based carrier saw a small decrease in traffic and a decrease in capacity as well as in its load factor.
The airline’s total passenger traffic for the month was 3.06 billion revenue passenger kilometers, or RPKs, a decrease of 1.5% from 3.11 billion RPKs in the same month last year. On the domestic side of operations, the carrier reported a 1% increase …