Southwest Airlines says has enough cash for two years as demand improves

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(Reuters) – Southwest Airlines said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up.

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The company it has cash and short-term investments of $13.9 billion.

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“The Company has continued to experience a modest improvement in passenger demand and bookings in June 2020\\xe2\\x80\\x94primarily leisure-driven demand,” Southwest said.

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(Reporting by Sanjana Shivdas in Bengaluru; Editing by Arun Koyyur)

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