Commodities
LUV

Southwest expects April revenue to pick up, sees lower cash burn in first quarter

Credit: REUTERS/KAMIL KRZACZYNSKI

Southwest Airlines Co said on Monday it was expecting its operating revenue for March and April to improve due to a rise in passenger traffic.

March 15 (Reuters) - Southwest Airlines Co LUV.N said on Monday it was expecting its operating revenue for March and April to improve due to a rise in passenger traffic.

The U.S. airline also expects average core cash burn to be about $14 million per day in the first quarter, compared with its previous forecast of about $15 million. (https://bit.ly/30LHcKS)

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D'Silva)

((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

LUV

Other Topics

US Markets

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More