Southwest Airlines CEO sees low-fare environment when traffic returns By Reuters

Southwest Airlines CEO sees low-fare environment when traffic returns By


2/2
© Reuters. Southwest Airlines jets are parked at Baltimore Washington International Airport in Baltimore, Maryland

2/2

(Reuters) – Southwest Airlines Co (N:) Chief Executive Officer Gary Kelly said on Friday he expects a “brutal low-fare” environment when traffic returns after coronavirus-induced restrictions ease.

“There are far more airplane seats right now, and there will be for some time, than there are customers,” he said in a video message.

“Our low-cost philosophy, strategy and structure will serve us very well.”

The COVID-19 pandemic has brought air travel to a virtual halt, leading to an unprecedented number of flight cancellations globally and resulting in airlines booking hefty losses.

Airlines have been operating about 90% fewer flights than normal but they are gradually adding flights back to their schedules as demand is starting to pick up.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *


About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.


CONTACT US

CALL US ANYTIME