The government shutdown cost Southwest Airlines $60 million

Southwest Airlines took a $60 million revenue loss from the recent partial government shutdown, reports CNBC.
The airline lost money because fewer government workers and contractors were traveling during the shutdown, which stretched between December and January. The closure also halted plans to introduce new jets and routes, per CNBC. The company last estimated the loss to be between $10 million and $15 million, but since then has "continued to experience softness in passenger demand and bookings" due to the shutdown, reports CNBC.
Shares in the airline were down by more than 5 percent on Wednesday after Southwest projected a lower revenue outlook for the quarter. Both Delta and American Airlines saw a drop in shares as well, per CNBC. Aside from hurting air travel profits, the 35-day shutdown cost the American economy $11 billion, $3 billion of which will never be recovered.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Marianne is The Week’s Social Media Editor. She is a native Tennessean and recent graduate of Ohio University, where she studied journalism and political science. Marianne has previously written for The Daily Beast, The Crime Report, and The Moroccan Times.
-
Classic car insurance: how best to protect your vintage vehicle
The Explainer Insuring your classic car may be cheaper than you think
By Marc Shoffman, The Week UK Published
-
Celebrating 250 years of Jane Austen
The Week Recommends From exhibitions to Regency balls, these are the best ways to commemorate the author
By Irenie Forshaw, The Week UK Published
-
The pressure of South Korea's celebrity culture
In The Spotlight South Korean actress Kim Sae-ron was laid to rest on Wednesday after an apparent suicide
By Abby Wilson Published
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published