How much is Southwest Airlines net worth?

Revenue US$ 21.965 billion (2018)
Operating income US$3.206 billion (2018)
Net income US$2.465 billion (2018)
Total assets US$26.243 billion (2018)

How much money does Southwest Airlines have?

“We have strong liquidity, with cash and short-term investments of $14 . 5 billion as of June 30, 2020; the only investment-grade credit rating in the U.S. airline industry by all three agencies; and unencumbered assets of $12 billion , including $10 billion in aircraft.

How much money does Southwest Airlines make a day?

Our average core cash burn in October is currently estimated to be approximately $12 million per day, and fourth quarter 2020 is currently estimated to be approximately $11 million per day, driven primarily by continued modest improvements in close-in leisure demand and booking trends, as well as cost savings from …

How is Southwest Airlines doing financially?

Revenue Results and Outlook

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Third quarter 2020 operating revenue per ASM (RASM, or unit revenues) was 6.78 cents , a decrease of 52.7 percent, driven by a load factor decrease of 38.6 points and a passenger revenue yield decrease of 23.1 percent, all year-over-year.

How much profit did Southwest Airlines make in 2019?

Annual 2019 net income was $2.3 billion , or $4.27 per diluted share, compared with annual 2018 net income of $2.5 billion , or $4.29 per diluted share, and annual 2018 net income, excluding special items, of $2.4 billion , or $4.24 per diluted share.

How many employees does Southwest Airlines have 2020?

As of September 30, 2020, Southwest Airlines had 57,931 active full-time equivalent employees.

Why is Southwest Airlines so successful?

Besides motivated employees and great customer service, Southwest Airlines offers one of the lowest-priced solutions for air travel. … Southwest had to build its business model around low operating costs to be able to offer low prices. It only has a few aircraft types, which helps the airline reduce its costs.

What is Southwest Airlines known for?

With 47 consecutive years of profitability through 2019, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier’s performance and productivity, the importance of its People and the communities they serve, and an overall commitment to …

How many years has Southwest Airlines been profitable?

Southwest Airlines can boast something few other U.S. companies can: It’s been profitable for 47 straight years. Southwest Airlines Co. (NYSE: LUV) has achieved that streak through several recessions and the Sept. 11, 2001, terrorist attacks that forever rocked the industry.

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How much profit did the airlines make last year?

U.S. scheduled passenger airlines reported a 2019 after-tax net profit of $14.8 billion, the 7th consecutive annual after-tax profit and a pre-tax operating profit of $20.8 billion, the 11th consecutive annual pre-tax profit.

Is Southwest a safe airline?

Southwest Airlines that started the low-cost air travel revolution in 1971 is now rated as a seven-star airline for safety by global rating agency

Does Southwest have debt?

How Much Debt Does Southwest Airlines Carry? As you can see below, at the end of June 2020, Southwest Airlines had US$9.67b of debt, up from US$2.45b a year ago. Click the image for more detail. But it also has US$14.5b in cash to offset that, meaning it has US$4.79b net cash.

Where is the headquarters for Southwest Airlines?

Dallas, Texas, United States

How much does Southwest make per year?

Revenue of Southwest Airlines 2010-2020. In the fiscal year of 2020, Southwest Airlines generated over 9 billion U.S. dollars in revenue.

How much profit does American Airlines make?

Full-year 2019 earnings were $3.79 per diluted share. Excluding net special items2, earnings were $4.90 per diluted share, up 8% year over year. Accrued $213 million for the company’s profit-sharing program in 2019, including $74 million in the fourth quarter.

How much profit did United Airlines make in 2019?

The U.S. airline now expects its 2019 adjusted earnings to be between $11.25 and $12.25 per share, compared with its previous range of $10.50 and $12. Chicago-based United said adjusted net income rose to $1.05 billion for the quarter ended Sept.

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