Earnings

American Airlines (AAL) and Southwest (LUV) results Q4 2020

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Southwest Airlines flight 1117 from St. Louis lands at Boston Logan International Airport on March 13, 2019. (Photo by John Tlumacki/The Boston Globe via Getty Images)

John Tlumacki | The Boston Globe | Getty Images

American Airlines and Southwest Airlines on Thursday reported record annual losses and said don’t expect a strong pickup in bookings in the coming months as new travel restrictions and a slow rollout of Covid vaccines cloud hopes for a near-term recovery.

U.S. airlines lost a combined $34 billion in 2020, a year airline CEOs have repeatedly called the most difficult in the carriers’ history.

Southwest Airlines reported its first annual loss since 1972 and said it would remain…



Source cnbc.com

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