Southwest and United Airlines say ticket cancellations are slowing and demand is improving.

  • Southwest Airlines recorded more trip reservations than cancellations so far this month.
  • Southwest is adding some flights back to their network in June.
  • United Airlines said its June capacity could still be down by about 90% year-on-year and 75% in July.
  • Southwest said its daily cash burn rate was slowing to the low-$20 million range in June from $30-35 million in the second quarter.