Southwest Airlines expects lower than previously estimated cash burn in Q3

In an announcement on Wednesday, Southwest Airlines Co (NYSE: LUV) said that its per-day cash burn in the fiscal third quarter is now likely to print at a lower £13.10 million. The company also highlighted that signs of recovery were evident in bookings last month, and have also shown resilience in September to date.   In July, when the U.S. airline was struggling with passenger numbers, it had estimated a higher £15.41 million of daily cash burn for the third quarter. Southwest Airlines published its earnings report for the second quarter in July that highlighted the company to have swung