Southwest Airlines Co expected a hit from the new coronavirus outbreak.
WASHINGTON (Reuters) - Southwest Airlines Co (LUV.N) said on Thursday it expected a hit of up to $300 million to its first-quarter operating revenue from the new coronavirus outbreak, prompting it to cut its quarterly revenue outlook. Shares of the company fell 3%, while with those of bigger rivals fell more. American Airlines Group Inc (AAL.O) fell more than 11%, United Airlines Holdings Inc (UAL.O) was down 10% and Delta Air (DAL.N) fell 7%.
Southwest said it has seen a significant rise in ticket cancellations and decline in traffic because of the outbreak, which has killed over 3,000 people and caused airlines across the world to cut flights and implement cost controls.
Hi emily_buterfly, check out these links:
You're welcome.
Looks so good! Thank U!
Aperiam incidunt ut eos nulla velit. Occaecati recusandae deleniti sequi ut odio. Laboriosam quia sed voluptas laudantium reiciendis velit. Quam iste aut est.
Consequuntur aliquid molestiae maxime ut. Adipisci enim est hic non non tenetur facere. Aliquam nesciunt iure voluptas eaque debitis. Labore aut qui dolorem. Aut quia placeat reiciendis. Rerum sapiente quia voluptatem asperiores. Repellendus eum quaerat tempora vitae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...