In the past week, Southwest Airlines LUV dominated headlines by virtue of its positive update on cash burn for the September quarter. The bullish forecast on this key metric was primarily owing to improved air-travel demand on the leisure front. Moreover, booking trends have also been encouraging.
Meanwhile, with no confirmation available yet on another round of federal stimulus for the airlines, job cuts are looming large on the industry post Sep 30 (when the current package expires). However, the aviation industry is looking to limit job losses in absence of no further aid. Updates in this respect were available from Delta Air Lines DAL and United Airlines UAL in the past week.
European carrier Ryanair Holdings RYAAY was also in the news, courtesy of its decision to trim its October capacity due to coronavirus-led travel restrictions. Notably, U.S. carriers like Hawaiian Holdings HA provided a tepid capacity outlook for