AMERICAN, SOUTHWEST ADD TO US AIRLINE INDUSTRY’S 2Q LOSSES
Two major airlines reported huge second-quarter losses Thursday and warned that the recovery in air travel seen in April has stalled as coronavirus cases surge in the U.S.
American posted a loss of more than $2 billion, and Southwest 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
