Southwest reported Q3 earnings on 10/22/20. The stock closed up over 5% on the earnings release, in spite of posting their biggest lost ever. They lost $1.2B for the quarter, bringing their last 2 quarter loss total to over $2B.


They did show strength on their balance sheet, with $15.6B in liquidity. Southwest also showed strong trends within the quarter showing their load factor as well as year over year revenue improving throughout the quarter.