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Airlines have been the among the worst hit by the coronavirus crisis, which brought travel to a virtual standstill around the world.
Southwest said although it continues to estimate its average daily core cash spending to be in range of $30 million to $35 million in the second quarter, June daily cash burn rate would slow to low-$20 million range.
“The company has also recently experienced a modest improvement in passenger demand and bookings in June 2020,” Southwest said in a regulatory filing.
The U.S. carrier said it expects June capacity to fall between 45% and 55% from with a year ago, compared with a decline of 60% to 70% in May capacity. (https://
