Southwest Airlines posts first loss since 2011 as coronavirus drives down revenue 18%

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Southwest Airlines posts first loss since 2011 as coronavirus drives down revenue 18%
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Southwest Airlines swings to loss as coronavirus drives down revenue 18%

A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, March 26, 2019.

on Tuesday posted its first quarterly loss since 2011 and predicted "no material improvement in air travel trends" this spring as coronavirus devastates demand.

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