CEO: Staggering losses for indefinite.
As the market cheers the Moderna news on a Covid vaccine. That is the other side.
The current side is bringing lots of hardship and remind us of the the fragility inherent in the current economy with the holiday season approaching. The airline industry is one such industry. Southwest CEO in an interview with Aviation Week is saying:
- staggering losses for indefinite.
- Worried about January travel without holiday support
- seeing increase cancellations due to virus search
Prior to the election, there was talk about aid especially for the airlines. That chatter is much less.
I guess despite the reality, the markets are still looking ahead (at least for now). The price of Southwest Airline is up about $2.00. However, if the apple cart wobbles, the apples can fall off. Plus the workers within the airline industry could have negative impacts if more layoffs are forthcoming.
