Southwest Airlines (LUV) reported its first quarterly loss since the depths of the Great Recession 11 years ago.
Southwest lost $77 million excluding special items, which was a bit better than Wall Street forecasts. But it was the carrier's first red ink since the first quarter of 2009.
Revenue fell $915 billion, or 18%, from a year earlier.
The company has been one of the industry's most profitable airlines, but coronavirus has dealt serious damage to airlines. Travel has fallen to virtually zero during the pandemic.
Shares fell more than 1% in premarket trading.