American Airlines also benefited, as it narrowed its net loss for the first quarter to $1.25 billion. Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, as federal payroll aid helped boost the company to net income of $116 million in the first quarter. Payroll support helped Southwest Airlines turn a profit in the first quarter of 2021. The buy now, pay later (BNPL) provider Uplift has formed a new partnership with Southwest Airlines, a move that the company says will allow customers to … (RTTNews) - Southwest Airlines Co. (LUV) reported a first quarter net loss per share, excluding special items, of $1.72 compared to a loss of $0.15, prior year. Southwest Airlines and American Airlines would have lost nearly $4 billion combined without the help of government payroll aid in the first quarter, but the carriers are envisioning a … Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, as federal payroll aid helped boost the company to net income of $116 million in the first quarter.

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