- CNBC reported Tuesday that new bookings are outpacing cancellations, a turning point in the pandemic that has devastated air travel demand.
- Southwest says demand starting to return after plunging because of the pandemic.
- The low-cost airline says new bookings are now outpacing cancellations.
- The coronavirus has devastated air travel demand, pushing the number of travelers down 95% in the U.S. last month.
- The uptick is showing up at airports, too, but demand is still far off last year’s levels for this time of year, when demand generally rises.
- It is also planning to more than halve its capital spending expenditures to around $2 billion next year. United’s shares fell less than 1%.