. 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%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Love it. Let's short everything.
Guidance isn't needed, anyhow.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market live updates: Futures flat after big Monday rally, Home Depot falls, Walmart risesA conversation about the latest market-moving news, including earnings from Walmart and Home Depot.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market news today: Dow and S&P 500 updates - CNNOffice Depot stock surged today after announcing Friday it was closing some stores and laying off 13,000 employees, about one-third of its workforce Sad correlation? i thought they been closed up shop. still unfortunate to read. I usually only see 3 employees in my local store, so I'm assuming my store will be self service.
Source: cnnbrk - 🏆 393. / 55 Read more »
Dow futures retreat as stock-market investors await testimony from Powell, MnuchinU.S. stock-index futures indicated a lackluster start of trade on Tuesday, following the best day for the S&P 500 and the Dow since early April. Wall Street will be watching for congressional testimony from Federal Reserve boss Jerome Powell and Treasury Secretary Steven Mnuchin. mr_jettlife Markets will be up at the open! It’s all good as long as they keep those printers running.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market news today: Dow and S&P 500 updates - CNNUS stock futures are heading south after the Dow surged more than 900 points Monday. Follow live updates: Not again 🤦🏽♂️🤦🏽♂️ It looks like it’s positive actually... They’re most literally headed north as of this post.
Source: cnnbrk - 🏆 393. / 55 Read more »
5 things to know before the stock market opens MondayDow futures extend their gains and point to an over 600-point gain at Monday's open on positive coronavirus vaccine results.
Source: CNBC - 🏆 12. / 72 Read more »