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DALLAS—The CEO of Southwest Airlines says June revenue looks weaker than May, and he doesn’t yet see signs of a turnaround.
Gary Kelly says “It’s a very, very difficult time, and earnings are going to be very stressed until the economy changes.”
Kelley says revenue divided by capacity—a key measurement in the airline business—was weaker in June than in May, although he didn’t give any figures.
The Dallas-based airline is responding by cutting unprofitable flights, adding fees for unaccompanied minors and pets, and offering incentives for employees to leave the airline.
Southwest is the third-largest airline at Denver International Airport, behind United and Frontier.
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