Texas-Based American & Southwest Airlines Report Losses

American and Southwest Airlines say they lost a combined $3 billion last quarter. 

American officials said in their earnings report the company lost $2.1 billion because of people not traveling during the coronavirus pandemic. 

Southwest lost $915 million after its revenue fell nearly 83%. Both airlines say the numbers should be better this quarter, but the industry is unlikely to fully recover until there is a vaccine or treatment for COVID-19.

Photo: Getty Images

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