Southwest Chairman and CEO Gary Kelly said Thursday that his airline has seen steady improvement in U.S. leisure-travel sales since mid-February. He credited rising vaccinations and falling new cases of COVID-19.
“We believe the worst is now finally behind us,” Kelly said.
Southwest reported net income of $116 million in the first quarter, although it would have lost $1 billion without federal aid to help cover labor costs.
American Airlines posted another large loss, $1.25 billion, but its CEO also sounded upbeat heading into the peak summer-travel season, when airlines usually earn most of their money. The airline is aggressively expanding its schedule for summer and recalling employees from leave.
“We are starting to see light at the…
Source news reuters.com, click here to read the full news.