Southwest Airlines Takes $220M LOSS After Holiday Meltdown
View Source | January 26, 2023 3:41 pm
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- Southwest Airlines reported a loss of $ 220 million during its fourth quarter due to its infamous holiday meltdown several weeks ago that saw close to 17,000 flights canceled.
- American Airlines, on the other hand, toured a better-than-anticipated quarter with a profit of $ 803 million, a number it says bolsters its ongoing claim that travel is back in full swing following the height of the pandemic years.
- The struggling budget airline, which has since returned to normal operations, says it is anticipating another loss during the year’s first quarter but is encouraged by booking trends for March.
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