21.07.2016 18:55:24

Southwest Airlines Posting Steep Loss In Afternoon Trading

(RTTNews) - Discount airline Southwest Airlines (LUV) is seeing considerable weakness in afternoon trading on Thursday but has climbed off its lows for the session. After hitting its lowest level in almost a month, Southwest is currently down by 9 percent.

The steep drop by Southwest comes after the company reported weaker than expected second quarter results. The airline has also been plagued by nationwide delays it is blaming on technical errors.

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Southwest Airlines Co. 28,57 -1,18% Southwest Airlines Co.