From CNBC….
Southwest Airlines on Thursday posted its biggest loss ever after the coronavirus pandemic hurt the summer travel season, but the airline cut its cash burn.
Revenue dropped 68% to $1.79 billion from $5.6 billion a year earlier. The Dallas-based carrier lost $1.2 billion in the three months ended Sept. 30, compared with a $659 million profit a year earlier. Adjusting for one-time items, Southwest’s loss was $1.99 per share, better than analysts’ expectations for a $2.35 per share loss.
