Southwest Airlines (NYSE: LUV) recorded a $1.5 billion adjusted net loss in the second quarter, a direct result of the devastating impact of the coronavirus pandemic on passenger travel.
Revenues plummeted 83% to $1 billion. Including special charges, Southwest’s net loss was $915 million. Before taxes, Southwest lost $1.2 billion.
During the second quarter of 2019, Southwest had $5.9 billion in revenue and net income of $714 million.
Delta Air Lines (NYSE: DAL), United Airlines (NASDAQ: UAL) and...
https://www.freightwaves.com/news/covid-hits-southwest-airlines-with-1-5b-q2-loss