Nevertheless, our Employees have not wavered rather, they have responded swiftly and with resolve. Travel and tourism industries face an ever-changing environment as the pandemic evolves. Our annual 2020 operating revenues declined approximately 60 percent, year-over-year, and we experienced our largest monthly decline in operating revenues in April 2020, down 92 percent, year-over-year, when the pandemic spread and shelter-in-place orders and similar restrictions were implemented throughout the country. The airline industry was hit especially hard in 2020, and we incurred our first annual net loss since 1972. Kelly, Chairman of the Board and Chief Executive Officer, stated, "The COVID-19 pandemic devastated the world, and our heart goes out to all those affected. Ended 2020 with liquidity 2 of $14.3 billion, well in excess of debt outstanding.Excluding special items, annual net loss of $3.5 billion, or $6.22 loss per diluted share.Annual net loss of $3.1 billion, or $5.44 loss per diluted share.Excluding special items 1, fourth quarter net loss of $761 million, or $1.29 loss per diluted share.Fourth quarter net loss of $908 million, or $1.54 loss per diluted share.(NYSE: LUV) (the "Company") today reported its fourth quarter and annual 2020 financial results: 28, 2021 /PRNewswire/ - Southwest Airlines Co.
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