Southwest posts $915 million loss, warns travel demand will remain weak without coronavirus vaccine

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Southwest posts $915 million loss, warns travel demand will remain weak without coronavirus vaccine
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Southwest CEO Gary Kelly: “You have to wear pants, why can’t we mandate that you have to wear a mask in a pandemic?”

said Thursday it lost $915 million in the second quarter compared with $741 million in net income a year earlier and warned that travel demand will likely remain depressed until there's a vaccine or treatment for the coronavirus.

"We were encouraged by improvements in May and June leisure passenger traffic trends, compared with March and April; however, the improving trends in revenue and bookings have recently stalled in July with the rise in COVID-19 cases," CEO Gary Kelly said in an earnings release. "We expect air travel demand to remain depressed until a vaccine or therapeutics are available to combat the infection and spread of COVID-19.

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