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Southwest Airlines Hits the Skids
Southwest Airlines posted its first quarterly loss in nearly a decade and said Tuesday that the downturn in air travel that began in late February shows no signs of letting up.
For the first time in nine years, Dallas-based Southwest Airlines posted a quarterly loss and said Tuesday that the downturn in air travel that began in late February shows no signs of letting up...
Like other airlines, Southwest's first-quarter earnings hit an air pocket amid the coronavirus pandemic, though its 'cash-burn' rate actually improved.
Major U.S. airlines applied for payroll grants from the U.S. Treasury. According to Reuters, the grants would keep workers employed during the coronavirus pandemic. No terms of any aid were revealed..