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Southwest Airlines Reports Fourth Quarter And Annual 2020 Results

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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Fresno airport sees busiest week since pandemic began

Fresno airport sees busiest week since pandemic began
AAA s travel forecast suggests as many as 84.5 million Americans will travel from December 23 through January 3.
KFSN
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FRESNO, Calif. (KFSN) Despite health officials urging people to stay home this holiday season, travel is picking up as we head into 2021.
Year-end holiday travel in the U.S. may be down 29%, but the roads and skies are seeing the most passengers they ve had since the onset of the pandemic.
Fresno Yosemite International Airport officials say this is their busiest week of the last nine months, seeing 70% of the passenger numbers they saw last year at this time. ....

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