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Airlines

Southwest Airline’s Will Survive the Coronavirus

Southwest Airline’s Will Survive the Coronavirus
FlyerTalk

Southwest Airlines, currently the most valuable US carrier by market capitalization, has seen its stock hit hard during the coronavirus outbreak.  Executives report a $94 million loss in the quarter that ended on March 31st. This is the company’s biggest first quarterly loss since 2011.

Of course, Southwest isn’t the only airline that’s been hit hard. According to the TSA, air travel demand is down around 92% across the board. However, for Southwest, the coronavirus is a black mark on an otherwise impressive streak of profitability over the past 47 consecutive years.

CEO Gary Kelly has also warned of the possibility that Southwest will be “a dramatically smaller airline” if things do not improve. But, things are looking up. On Tuesday, Southwest’s new bookings began to outpace cancellations, signaling a turning point. And, while recovery will undoubtedly be a bumpy ride, things are looking good for Southwest so far.

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