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US airline bailout helps Southwest post $116 million profit
US airline bailout helps Southwest post $116 million profit
April 22, 2021
Updated: April 22, 2021 7:53 a.m.
DALLAS (AP) — Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, as federal payroll aid helped boost the company to net income of $116 million in the first quarter.
Without the federal money, Southwest would have lost $1 billion in the quarter.
{snip}
April 22, 2021
Updated: April 22, 2021 7:53 a.m.
DALLAS (AP) — Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, as federal payroll aid helped boost the company to net income of $116 million in the first quarter.
Without the federal money, Southwest would have lost $1 billion in the quarter.
{snip}