For much of its 50-year history, Southwest Airlines (NYSE: LUV) has been one of the most profitable airlines in the world. On Thursday, Southwest reported an adjusted net loss of $0.23 per share on $4.68 billion of revenue for the third quarter. Objectively, Southwest's results were quite bad.
LUV earnings call for the period ending September 30, 2021.
Two major U.S. airlines and the White House said they do not think the Biden administration's executive order mandating federal contractors require employee vaccinations by Dec. 8 will impact holiday travel or result in employees leaving. American Airlines and Southwest Airlines announced earlier this month they would comply https://www.reuters.com/business/aerospace-defense/southwest-airlines-comply-with-biden-vaccine-mandate-by-dec-8-2021-10-04 with the mandate that employees be vaccinated by Dec. 8 unless they receive a religious or medical exemption.