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Reuters
Southwest Airlines losses narrow as leisure travel bounces back
The U.S. budget carrier has been one of the biggest beneficiaries of the easing of coronavirus curbs as it mainly caters to the domestic market, unlike larger rivals who fly transatlantic routes and are struggling due to international border restrictions. That has propelled Southwest’s market value to more than $31 billion as of Wednesday’s close, above Delta Air Lines, whose value has fallen by about a third to $26.6 billion from two years ago. Delta last week posted a smaller quarterly adjusted loss and also said it expects to remain profitable for the rest of 2021.
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