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Southwest expects lower cash burn as vaccines drive leisure travel rebound

U.S. airlines are preparing for a rebound in summer bookings after nearly a year in the doldrums due to the COVID-19 pandemic and accompanying travel restrictions. The company said it was adding flights and expects second-quarter capacity to rise about 90% from a year earlier, but about 15% below 2019 levels, when air travel was not hit by the COVID-19 crisis. Second-quarter average core cash burn is expected to be between $2 million and $4 million per day, Southwest said, compared with about $13 million per day in the previous three months. ....

Southwest Airlines Co , Summer Bookings , தென்மேற்கு விமான நிறுவனங்கள் இணை ,