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Southwest Airlines’ First Annual Loss in 48 Years

MIAMI – The original Southwest Airlines (WN), founded by Herb Kelleher and Rollin King in 1967 was an intrastate airline serving the Texas cities of Dallas, Houston, and San Antonio.

When airline deregulation legislation was signed by President Jimmy Carter in 1978, WN had an opportunity to flourish to the point that it became the darling of the industry, which many believe it remains today. Southwest was the fourth largest airline in the world in 2019. During its early years, the airline encountered financially lean times, but was profitable for 47 years – until 2020.

In 2020, WN slammed into the read more ⇒

Source:: “Airways Magazine”

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