Southwest Cuts Flights as Coronavirus Weighs on Travel
Southwest Airlines (NYSE: LUV) joined the rush of U.S. airlines to draw down schedules due to the COVID-19 coronavirus pandemic, saying in a regulatory filing late Monday it would cut capacity by 20% through June at least.
Airlines have been grappling with plunging flight demand, leading to questions about the viability of the global industry. As the situation has worsened large international carriers have drawn down their schedules by 40% or more, and smaller airlines have been cutting as well.
Image source: Southwest Airlines.
Source Fool.com
