For Southwest Airlines Co., demand is getting a little better, capacity will be slashed more than previously thought this quarter and the airline won’t take a $2.8 billion loan offered by the U.S. government.
Those were the major takeaways from an investor update Southwest Airlines (NYSE: LUV) filed Wednesday morning. The Dallas-based airline detailed how much revenue and capacity is expected to be down in the third quarter compared to last year.
So far in August, Southwest has seen a “modest improvement”…
Source: The Business Journal
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