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DALLAS (AP) — Southwest Airlines is anticipating a money-losing fourth quarter after a winter storm and technology meltdown led to nearly 17,000 canceled flights and stranded hundreds of thousands of holiday travelers.
IPOs are declining and not favorable for money-losing companies, while secondary issuances are steady.
Source: https://seekingalpha.com/article/4588926-market-meltdown-far-from-over?source=feed_all_articles
The Burbank entertainment conglomerate announced in February that it would eliminate 7,000 jobs as part of an effort to save US$5.5 billion in costs and make its money-losing streaming business profitable.