Southwest Airlines lowered its revenue and profit forecast Wednesday, blaming the Covid delta variant for a drop in bookings.
The airline is the second in less than a week to warn that the fast-spreading variant will weigh on results. Frontier Airlines said Thursday it would break even, at best, this quarter because of the variant.
Southwest said it expects August operating revenue to be down 15% to 20% compared with the same month in 2019. That’s more than an earlier forecast for a 12% to 17% drop.