Earnings

Southwest Airlines (LUV) and American Airlines (AAL) earnings Q1 2021

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A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois.

Scott Olson | Getty Images

American Airlines posted its fifth consecutive quarterly loss on Thursday, while Southwest Airlines swung to a profit, boosted by federal payroll aid.

Both carriers have noted an improvement in travel bookings and plan to increase flying during the peak spring and summer months as more people are vaccinated against Covid-19 and tourist attractions reopen.

American said it is planning to operate second-quarter capacity that’s 20% to 25% less compared with the same quarter of 2019, while Southwest said it will fly only slightly less this June than the same month of 2019 and 15% less in the second…



Source cnbc.com

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