Skip to content
  • fb
  • tw
  • li
TahoNews

TahoNews

Blogging News Site

  • Home
  • World News
  • Travel
  • Layout
    • Full Width No Sidebar
    • Right Sidebar
    • Left Sidebar
  • Contact
  • Toggle search form
youtube-marketing

Southwest Airlines Say Shutdown Cost Them $60mn, Cuts Estimates

Posted on March 2, 2019 By ZMR NEWS No Comments on Southwest Airlines Say Shutdown Cost Them $60mn, Cuts Estimates

The shares of Southwest Airlines slipped drastically at the stock market on Wednesday. The slip for the airline based in Dallas followed the company’s decision to trim its outlook for revenue in the quarter as they cited a major blow of $60 million, owing to the partial shutdown of the government.

As far as the March quarter is concerned, the carrier has expectations of an increase of 3-4% in the revenue per seat mile available, as compared to the first quarter figures for the same time period in 2018. Revenue counted per seat mile available is considered as a primary industry metric to measure how much money an airline is making on each seat that they fly for a mile. The airline had previously announced that it visualized revenue to see an increase of approximately 5% in this quarter.

Southwest Airlines Say Shutdown Cost Them $60mn, Cuts Estimates

The shares of Southwest slipped several rungs on the ladder as they fell by greater than 4% during afternoon trading on Wednesday. United Airlines, Delta Air Lines as well as American Airlines were all down by a margin of lower than 1%.

The partial shutdown of the U.S government that had lasted for 35 days and ended only last month, had put a stopper on the launching of new routes and jets, which included the all-important service of Southwest to be provided to Hawaii. This, in turn, lead to loss of revenues for the firm as government workers as well as contractors did not travel during the lockdown.

According to estimates presented last month by Southwest, the shutdown had incurred a heavy cost of nearly $10-15 million in terms of revenue for the company in January. As per statements by the company itself, the airline has continued to face palpable tension in passenger bookings and demands as a repercussion of the shutdown. On Wednesday, Southwest filed a forecast of a major blow of $60 million.

Top Stories Tags:Cuts Estimates, Southwest Airlines Say Shutdown Cost Them $60mn

Post navigation

Previous Post: Reportedly, Germany Considering Special Levy On Foreign Internet Companies
Next Post: Pressure Mounts On Google And Facebook To Stop Anti-Vax Conspiracy Theories

Related Posts

vk-the-Russia-facebook To Combat Pollution, Plastic Recycling Industries’ Hard Work Come Into Play Business
Study Shows Artificial Neural Systems Can Be Used To Impel Brain Activity Health
5 Essentials for PPC Campaign Success 5 Essentials for PPC Campaign Success Business
Study Finds, Medical Mistakes Harm One Out Of Every Twelve Patients Top Stories
Study Finds Older Fathers To Put Health Of Spouses, Unborn Kids At Risk Health
Snapchat Friendships Now Have Own Merchandise And Profiles Technology

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Which Crypto to Buy Now?
  • Is PR Important for Blockchain Companies?
  • Benefits Of Studying A Part Time Degree Course In Singapore
  • Trends of Pain Management Therapeutics Market
  • How Smart Devices Can Provide Home Security

Tags

#Digital #Signage #OutdoorAdvertising Android App Asphalt Contractors & Driveway Services baby formula Best Nutritionist in Delhi Best Nutritionist in Mumbai business Cheap Airlines Clean carpet cleaning services near me cobb county probation violation Coffee concrete driveway concrete driveway Sydney dog Energy Drinks Fashion featured Google Nest Wifi Google Wi-Fi Google Wifi Review Greece Honeymoon places London speaker hire Monitoring Outfits probation violation attorney cobb county Protein Protein Coffee protein coffee ripped up nutrition Protein Shake QuickBooks QuickBooks Error 1328 retro joystick Spy Thailand Travel Travel Australia trekking in Nepal vacuum cleaning Vector Whatsapp WordPress customization WordPress design services

Categories

  • Animals (8)
  • Business (112)
  • Education (10)
  • Event & Festivals (1)
  • Fashion (3)
  • Finance (1)
  • Food (3)
  • General (25)
  • Health (73)
  • Nature (3)
  • News (3)
  • Pattern (1)
  • People (35)
  • Science (75)
  • Space (3)
  • Technology (139)
  • Top Stories (256)
  • Travel (12)
  • Vector (3)

Latest Post

  • Which Crypto to Buy Now? January 25, 2023
  • Is PR Important for Blockchain Companies? September 28, 2022
  • Benefits Of Studying A Part Time Degree Course In Singapore August 16, 2022

Copyright © 2023 TahoNews.

Powered by PressBook Grid Blogs theme