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Southwest Airlines Posts Loss In Q3; Operating Revenues Down 68.2%
(RTTNews) - Southwest Airlines Co. (LUV) reported a third quarter loss per share, excluding special items, of $1.99 compared to profit of $1.23, a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report a loss per share of $2.35, for the quarter. Analysts' estimates typically exclude special items. Third quarter operating revenues were $1.8 billion, down 68.2 percent year-over-year due to the continued negative impacts to passenger demand and bookings. Analysts expected revenue of $1.7 billion, for the quarter. Gary Kelly, CEO, said, "The pandemic persists along with the negative effects on air travel demand, resulting in our third quarter net loss of approximately $1.2 billion. We are encouraged by modest improvements in leisure passenger traffic trends since the slowdown in demand experienced in July. However, until we have widely-available vaccines and achieve herd immunity, we expect passenger traffic and booking trends to remain fragile." As of September 30, 2020, the company's total liquidity was $15.6 billion, consisting of cash and short-term investments of $14.6 billion and a fully available secured revolving credit facility of $1 billion. As of September 30, 2020, the company had current and noncurrent debt obligations that totaled $10.9 billion.
EARNINGS SUMMARY: Details of Patterson UTI-Energy Q3 Earnings Report
(RTTNews) - Below are the earnings highlights for Patterson UTI-Energy (PTEN): -Earnings: -$112.11 million in Q3 vs. -$261.72 million in the same period last year. -EPS: -$0.60 in Q3 vs. -$1.31 in the same period last year. -Revenue: $207.14 million in Q3 vs. $598.45 million in the same period last year.
France teacher's killer had 'contact' with Islamist militant in Syria
PARIS (AFP) - The man who decapitated a teacher in France for showing cartoons of the Prophet Mohammed in class had been in contact with a Russian-speaking Islamist militant in Syria, a source close to the case said on Thursday (Oct 22). Seven people have been charged with complicity after 18-year-old Chechen Abdullakh Anzorov killed Mr Samuel Paty last Friday, including two teenagers who helped him identify the teacher. The identity of the terrorist militant in Syria has not yet been established, the source told AFP. Le Parisien newspaper reported on Thursday that Anzorov's presumed contact had been located through an IP address traced back to Idlib, a city in north-western Syria. Among the seven suspects charged were two teenagers who pointed out Mr Paty to Anzorov. They were on Wednesday charged with complicity in a terrorist murder, a judicial source said. Prosecutors said earlier the pair, aged 14 and 15, were among a group of students who shared between €300 (S$480) and €350 offered by the killer to help find Mr Paty before he was murdered in a Paris suburb.
Data startup Mine used this pitch deck to win the backing of Google's Gradient...
Gal Ringel, Mine CEO MineAI startup Mine scans user emails to uncover which companies have their data – then lets them take it back at the click of a button. Mine launches as internet users become increasingly aware that companies hold vast troves of data on them and, in Europe, that they can request that information to be deleted. The $9.5 million Series A round was led by Google's AI-focused Gradient Ventures, with participation from e.ventures, MassMutual Ventures, and existing investors Battery Ventures and Saban Ventures. The firm gave Business Insider an exclusive look at the pitch deck it used to bring investors on board. Click here for more BI Prime stories. Mine, an Israeli privacy startup that aims to give users control of their personal data, recently raised $9.5 million in a Series A funding round backed by Google's Gradient Ventures. Since 2014, EU data protection rules have allowed individuals to ask organizations to delete their personal information, including phone numbers, dates of birth and email addresses. Google has been among those most impacted by this "right to be forgotten", with 2.4 million people submitting requests in the first four years. The Mine app works by using what
