Southwest Airlines Says It Has Two Years' Worth of Cash on Hand
Southwest Airlines (NYSE: LUV) said Wednesday that, although it is currently burning through nearly $20 million in cash per day, it has enough money in the bank to last at least two years, fresh evidence to support the argument that the airline is among the most likely to survive the COVID-19 crisis.
Southwest in a regulatory filing said it "continues to experience significant negative impacts to passenger demand and bookings" due to the pandemic, which has caused Southwest and other airlines to scramble to cut costs and raise cash.
Image source: Boeing.
Source Fool.com
