Southwest says bookings outpace cancellations in May

Business

FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike Blake/File Photo

(Reuters) – Southwest Airlines Co (LUV.N) said on Tuesday it recorded positive bookings on a net basis through May 18, as passenger reservations outpaced trip cancellations.

The U.S. carrier said it expects June capacity to fall between 45% and 55% from with a year ago, compared with a decline of 60% to 70% in May capacity.

Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty

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