DALLAS – Southwest Airlines lost $3.1 billion last year, its first full-year loss since Richard Nixon was president and gasoline sold for about 36 cents a gallon with no extra charge for the attendant who cleaned your windshield.
2020 was a disaster for airlines — some didn't survive it — and the new year is off to a grim start. On Thursday, Southwest, American and JetBlue reported that they lost a combined $3.5 billion in the final three months of the year.
All issued dismal revenue outlooks for the current quarter that echoed similar pessimism from Delta, United and Alaska, which posted financial results earlier.
The airlines are looking past spring and hoping that they can salvage something from the peak summer vacation season. But even