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Southwest Reports Second Quarter 2021 Results

Southwest Reports Second Quarter 2021 Results
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ARTA surprised with ASTA statements about baggage data

ARTA surprised with ASTA statements about baggage data
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Airfare Data Firm ATPCO Recalibrates for Post-Pandemic Flying

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more
If there’s one skill the pandemic has sharpened, it’s the art of online shopping.
It’s also the mission of airfare data firm ATPCO (formerly known as the Airline Tariff Publishing Company). Its Routehappy division helps airlines improve the way they display information when retailing seats, while its so-called next generation storefront allows agencies and other sellers to sort and group increasingly complex airline fares.
However, coronavirus and other factors have upended the storefront’s priorities.
A New Chapter ....

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Sabre Says New Delta Contract Rewarding Extras Like More Legroom Is Model for Future

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more
Airline distribution is the largest business segment for Sabre, so new airline contract terms are a big deal for the travel technology company based in Southlake, Texas.
Sabre said Tuesday that a multi-year distribution contract with Delta Air Lines that it announced on Monday has terms Sabre believes will be a model for its contracts with other large carriers.
The Delta contract more explicitly links Sabre’s commission to the upselling of ancillaries, such as checked bags and more legroom. ....

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Southwest Airlines Reports Fourth Quarter And Annual 2020 Results

Southwest Airlines Reports Fourth Quarter And Annual 2020 Results
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DALLAS, Jan. 28, 2021 /PRNewswire/ Southwest Airlines Co. (NYSE: LUV) (the Company ) today reported its fourth quarter and annual 2020 financial results:
Fourth quarter net loss of $908 million, or $1.54 loss per diluted share
Excluding special items
Annual net loss of $3.1 billion, or $5.44 loss per diluted share
Excluding special items, annual net loss of $3.5 billion, or $6.22 loss per diluted share
Ended 2020 with liquidity
2 of $14.3 billion, well in excess of debt outstanding
Gary C. Kelly, Chairman of the Board and Chief Executive Officer, stated, The COVID-19 pandemic devastated the world, and our heart goes out to all those affected. The airline industry was hit especially hard in 2020, and we incurred our first annual net loss since 1972. Our annual 2020 operating revenues declined approximately 60 pe ....

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