. The airline is expecting capacity to decrease between 45% and 55% for June, with operating revenue down 80% to 85%. For May, Southwest now forecasts an 85% to 90% decline in revenue, versus prior estimates of a 90% to 95% decline. "The Company's month-to-date net positive bookings represent a reversal in the net negative booking trends experienced during the majority of March and April 2020, where trip cancellations outpaced new passenger bookings," the filing said.
on Monday following news that Moderna's coronavirus vaccine candidate was showing positive results in early trials. —rose 1% in premarket trading, bouncing back from earlier losses, after reporting results for its fiscal first quarter. The company reported an adjusted loss of $3.20 cents per share and $2.16 billion in revenue, both missing Wall Street estimates, as net sales dropped by more than 40%.
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Love it. Let's short everything.
Guidance isn't needed, anyhow.
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