American, Southwest add to US airline industry's 2Q losses
July 24, 2020
DALLAS (AP) — Two major airlines reported huge second-quarter losses Thursday, and their leaders warned that the new surge in U.S. coronavirus cases has stalled the recovery in air travel and added to their industry's disarray.
American Airlines posted a loss of more than $2 billion, and Southwest Airlines lost $915 million. That pushed the combined second-quarter loss of the nation's four biggest airlines to more than $10 billion.
Southwest CEO Gary Kelly said he was encouraged by a pickup in leisure travel during May and June after the dark days of March and April. Southwest added fligh...