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Message
re: Southwest Airlines has cancelled 69% of its flights so far today.
Posted on 12/26/22 at 9:08 pm to Mr. Elvert
Posted on 12/26/22 at 9:08 pm to Mr. Elvert
Buying some long dated put options on these guys. I’d imagine their Q4 numbers take a huge nose dive considering this week is this industry's biggest of the year.
2
Posted on 12/26/22 at 9:37 pm to ChiGator
quote:
I’d imagine their Q4 numbers take a huge nose dive
They took everyone's money upfront. There will be no refunds, just more credits to push forward. If this really goes in the gutter, the 1st and 2nd quarter are where the hits might start showing. Problem is, many will not remember this in 2 weeks and go right back using SWA next year when they travel.
Posted on 12/26/22 at 9:49 pm to ChiGator
quote:
Buying some long dated put options on these guys. I’d imagine their Q4 numbers take a huge nose dive considering this week is this industry's biggest of the year.
I don’t know, airlines are terrible businesses that are basically government operations in many facets now. Not sure I would ever want a dime of my money tied in with any aspect of their stocks.
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