Southwest says bookings outpace cancellations in May

(Reuters) – Southwest Airlines Co said on Tuesday it recorded positive bookings on a net basis through May 18, as passenger reservations outpaced trip cancellations.

The U.S. carrier said it expects June capacity to fall between 45% and 55% from with a year ago, compared with a decline of 60% to 70% in May capacity.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)