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Southwest Airlines Reports Fourth Quarter And Annual 2020 Results
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DALLAS, Jan. 28, 2021 /PRNewswire/  Southwest Airlines Co. (NYSE: LUV) (the Company ) today reported its fourth quarter and annual 2020 financial results:
Fourth quarter net loss of $908 million, or $1.54 loss per diluted share
Excluding special items
Annual net loss of $3.1 billion, or $5.44 loss per diluted share
Excluding special items, annual net loss of $3.5 billion, or $6.22 loss per diluted share
Ended 2020 with liquidity
2 of $14.3 billion, well in excess of debt outstanding
Gary C. Kelly, Chairman of the Board and Chief Executive Officer, stated, The COVID-19 pandemic devastated the world, and our heart goes out to all those affected. The airline industry was hit especially hard in 2020, and we incurred our first annual net loss since 1972. Our annual 2020 operating revenues declined approximately 60 pe ....

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