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Airlines Sink Most Since 2011 on Virus’s ‘Gut Punch’ to Demand

  • Southwest warns of revenue drag as United, JetBlue cut flights
  • Trade group says sales hit could rival financial crisis impact
Bloomberg business news
Airlines Struggle to Fill Seats as Coronavirus Outbreak Spreads
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In just a few days, U.S. travel has begun to crumble.

That’s the message from a sudden rash of warnings from U.S. airlines. Southwest Airlines Co. said Thursday that first-quarter sales would take a hit of as much as $300 million after a plunge in demand that Chief Executive Officer Gary Kelly called a “gut punch.” United Airlines Holdings Inc. and JetBlue Airways Corp. are planning to trim flights as they brace for a slowdown.