Airlines Project Profits and Packed Flights This Spring

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Airlines say that travel demand is picking up heading into the critical summer travel season, fueling their expectations for profits after what was in some cases a more lackluster winter

Southwest Airlines Co. reported a quarterly loss of $159 million as the impact of the airline’s winter meltdown bled into the first months of the year. The airline said it saw a $325 million hit to revenue due to cancellations of “holiday return travel” and slower bookings in January and February but said bookings turned around by March. 

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