Airlines’ Losses Mount Amid Pandemic, but Travel Demand Shows Some Improvement
Southwest, American and Alaska reported third-quarter losses; executives say passengers aren’t likely to return in full force until Covid-19 vaccine becomes widely available
Summer was a bust for U.S. airlines. Now they are anxiously watching a fragile uptick in demand to see if it will hold as the number of new coronavirus cases increases.
Southwest Airlines Co. and American Airlines Group Inc. both tempered their plans for summer flying after rising Covid-19 infection rates triggered a new round of travel restrictions.
Airlines’ losses are mounting as revenues plunged…