Jim Cramer: Southwest's Gary Kelly Is an 'Amazing CEO'

Author:
Publish date:
Video Duration:
37

Southwest  (LUV) - Get Southwest Airlines Co. Report raised its revenue and capacity outlook for the month of June thanks to improved passenger demand and bookings as coronavirus lockdowns ease.

The company now expects June revenue to be down 70% to 75% from a year earlier, improved from its previous projections for a decline of 80% to 85%.

Southwest has enough cash to operate for the next two years, up from its previous forecast of 20 months. The airline said that it had cash and short-term investments of $13.9 billion.

"The company has continued to experience a modest improvement in passenger demand and bookings in June 2020 - primarily leisure-driven demand," Southwest said.

The Dallas airline also said it would require customers to sign off on a customer-health declaration, a form saying that they do not have COVID-19 and are aware that they must wear face coverings.

Southwest will board in groups of 10 in order to allow social distancing and will place floor markers and signage encouraging distance throughout the gating area.

So, how has Southwest gotten so ahead of the pack when looking at the airlines?

Jim Cramer says it all comes down to Southwest's leadership. See what he has to say about CEO Gary Kelly. 

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

Watch TheStreet's Interview with Dr. Fauci

 

Related Videos