(AP) — The books are closed now and the largest U.S. airlines lost a combined $34 billion last year. Southwest suffered its first full-year loss since Richard Nixon was president. And early 2021 doesn’t look much better, with travel getting choked by the pandemic.
Southwest, American and JetBlue said Thursday that first-quarter revenue will remain weak and passenger bookings have stalled. That outlook echoed similar pessimism from Delta, United and Alaska, which posted financial results earlier this month.