Southwest provides updated guidance

In updated guidance, Southwest Airlines has announced that the airline continues to experience significant year-over-year negative impacts to passenger demand and bookings due to the COVID-19 pandemic. Southwest has indicated that leisure passenger demand and operating revenues performed in-line with expectations in January 2021 and that bookings for February were an improvement compared with previous estimations. Southwest expects a sequential improvement in year-over-year operating revenues from February to March 2021, as compared with February and March 2019, with leisure passenger demand expected to modestly improve from a seasonally weaker time period in February 2021 to a seasonally stronger time period