American, Southwest Add to US Airline Industry’s 2Q Losses

DALLAS (AP) – Major airlines are reporting huge second-quarter losses and warning that the recovery in air travel seen in April has stalled as coronavirus cases surge in the U.S.

American Airlines posted a loss of more than $2 billion, and Southwest Airlines lost $915 million.

That pushed the combined loss of the nation’s four biggest airlines to more than $10 billion in just three months.

Between them, American and Southwest carried 15.4 million passengers from April through June.

A year earlier, more than 98 million people jammed on to their planes.

(Copyright 2020, The Associated Press. All Rights Reserved.)

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