How Southwest, Spirit and Other Airlines Have Fared in 2020

Although passenger counts are slowly on the rise, the mainline airlines have been decimated by the coronavirus pandemic. According to the International Air Transport Association, revenues from passengers are expected to plunge to $241 billion in 2020, down from an original estimate of $581 billion. As of October 2020, 43 commercial airlines have failed this year, and U.S. airlines overall are expected to lose $10 billion in the third quarter of 2020 alone.