Southwest Airlines cuts capacity as cancellations exceed bookings amid coronavirus crisis

Southwest Airlines is following the lead of other airlines in suspending 2020 financial guidance and slashing capacity as the coronavirus takes an unprecedented toll on commercial aviation. Dallas-based Southwest Airlines Co. (NYSE: LUV), the busiest carrier at Milwaukee Mitchell International Airport, has recently experienced several days of net negative bookings. That means it's had more cancellations than new bookings, particularly for its schedule in March and April, the company said in a regulatory…