(Bloomberg) — Southwest Airlines Co. warned that a drop in bookings will dent first-quarter revenue, compounding evidence that the coronavirus’s impact is spreading across U.S. air travel.“In recent days, the company has experienced a significant decline in customer demand, as well as an increase in trip cancellations,” the Dallas-based discounter said Thursday in a regulatory filing. It cited the coronavirus that is spreading in the U.S.Southwest expects a $200 million to $300 million impact on operating revenue in the period. Revenue for each seat flown a mile, an industry benchmark, could drop as much a 2% from a year earlier, …read more
Source:: Yahoo Finance
