News Formal

Southwest estimates operations meltdown may cost up to $825M - Dallas Business Journal

  • 📰 DallasBizNews
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The debacle cost Southwest Airlines about $43,000 to $50,000 per canceled flight, according to an analyst at Raymond James.

Syth said in a note Friday that Southwest's estimate is at the upper end of investor expectations and implies a cost of $43,000 to $50,000 per canceled flight. While that range is higher than what Syth expected, she said it falls below the high-water mark of $65,000 per flight during a system outage at Delta Air Lines in August 2016.

Southwest's disclosure implies the company will report a loss of 20 cents per share for the fourth quarter, Syth said. She projects Southwest's quarterly loss will amount to 30 cents per share, compared to a prior estimate of a profit of 10 cents per share.Southwest also faces a potential revenue headwind in the first quarter, with customers opting to book flights with other airlines.

"We believe sentiment and, in turn, shares will continue to be weighed down by the longer term implications of the operations meltdown, but we continue to be cautiously optimistic that management will be up to the task of addressing operational reliability longer term with minimal incremental net cost/investment," Syth said.

Shares of Southwest were up 1.2% in trading on Friday morning to $33.97. The company will report its financial results for the 4th quarter on Jan. 26.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 525. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

How a 'perfect storm' quickly created chaos for Southwest - Dallas Business JournalWhile Southwest executives initially blamed bad winter weather, experts say a confluence of factors created a chaotic mess.
ソース: DallasBizNews - 🏆 525. / 51 続きを読む »

Dallas developer facing fraud charges seeks to sell The Gate property in Frisco - Dallas Business JournalA Dallas-based real estate developer facing federal fraud charges is seeking to sell the prime property in Frisco on which the prominent masterplanned project called The Gate is being built.
ソース: DallasBizNews - 🏆 525. / 51 続きを読む »

Why LaTerra Development is heading to Dallas - Dallas Business JournalThis Los Angeles-based real estate investment firm is looking to reactivate 19.5 acres in Irving through the conversion of an existing Fry's Electronics site into a mixed-use campus.
ソース: DallasBizNews - 🏆 525. / 51 続きを読む »