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Southwest Airlines said on Wednesday that it had made a “slight” improvement in bookings during October, helping to trim its daily cash estimate for the quarter from $ 17 million to an estimated $ 17 million.
Despite the booking boom, the Dallas-based airline expects a 65% to 75% drop in October and 40% to 50% in revenue from the same month last year as the coronavirus virus epidemic hurt travel demand. It forecasts November capacity to fall from 35% to 40% by 2019.
South-West said it would expand a policy that skips mid-flights, leaving passengers in the same party until the end of November, to pacify passengers panicked about flying in an epidemic and the beginning of the end Trying to compete better in the holidays. Delta Air Lines, for example, said last month that it would limit flights capacity from 6 January.
Southwest shares were slightly changed in morning trading.