Southwest Air Drops on $60 Million Hit From U.S. Shutdown

The political stalemate that ended last month will reduce first-quarter revenue by $60 million as the aftereffects lingered on, Southwest said in a regulatory filing Wednesday. “With more of first quarter under our belt now, and a higher percentage of March bookings in place, we feel like we are at the point where we can reasonably quantify the total impact from the shutdown,” Southwest said by email.

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