Southwest Cuts 40% of May Schedule Due to Coronavirus
Southwest Airlines (NYSE: LUV) said it would cut more than 40% of flights from its May schedule in response to a drop in travel demand due to the COVID-19 pandemic.
The airline said it plans to fly about 2,000 flights daily between May 3 and June 5, about 1,700 fewer than its original projection. Southwest prior to the pandemic was already dealing with a crimped schedule due to the grounding of Boeing's 737 MAX.
Southwest said the cuts "proactively address significantly lower passenger demand, operational disruptions, and the ongoing suspension of our international service." The airline said it would "continue to evaluate further reductions" based on changing demand trends.
Source Fool.com
