Southwest plans fall capacity cuts, will leave middle seats open through Thanksgiving

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A chook flies by in the foreground as a Southwest Airways jet arrives in for a landing at McCarran Global Airport on May 25, 2020 in Las Vegas, Nevada.

Ethan Miller | Getty Illustrations or photos

Southwest Airlines on Wednesday said it has logged a “modest” improvement in bookings as a result of October, aiding it trim its daily income melt away estimate for this quarter by $3 million to an envisioned $17 million.

Despite the uptick in bookings, the Dallas-primarily based airline expects profits to fall 65% to 75% in October and potential down 40% to 50% from the similar month previous calendar year as the coronavirus pandemic proceeds to hurt travel desire. It forecast November potential to drop 35% to 40% from 2019.

Southwest claimed it would prolong a coverage that leaves middle seats open up on its flights, apart from for vacationers in the identical occasion, by way of the close of November, an exertion to quiet travelers nervous about traveling in a pandemic and much better compete at the start off of the end-of-12 months holiday seasons. Delta Air Lines, for instance, past thirty day period claimed it would limit ability on flights as a result of Jan. 6.

Southwest shares were being up .8% in premarket trading.