Southwest Airlines Co. shares slid 1.3% in premarket trading Thursday, after the airline warned that it is still seeing softness in bookings and elevated cancellations, mostly due to the rise in COVID-19 cases caused by the highly infectious delta variant. The company said August operating revenue performed near the low end of its guidance range, due to a pullback in leisure passenger traffic and trip cancellations. "August 2021 managed business revenues decreased approximately 64 percent compared with August 2019, relatively in line with July 2021 managed business revenues down approximately 63 percent compared with...
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September 09, 2021 at 05:50PM
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Southwest Airlines warns of continued soft bookings, elevated cancellations due to COVID and Hurricane Ida - MarketWatch
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