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Photo: Gary Hershorn/Getty Images

Southwest Airlines said Wednesday that the 35-day partial government shutdown cost it $60 million in revenue, more than 4 times the $10 million to $15 million it had originally forecasted last month, CNBC reports.

The big picture: Southwest said government workers and contractors were not traveling across the country as often by plane during the shutdown. The airline also saw a long-awaited Hawaii route delayed as government approvals were stalled.

  • Delta Air Lines CEO Ed Bastian told CNBC last month that it lost $25 million in revenue from the shutdown.
  • United Airlines CEO Oscar Munoz also told CNBC a day after Bastian's comments that his airline had not yet seen "significant" impact from the shutdown but remained worried about continued effects.

Details: Though the hit is relatively small compared to its overall revenue — Southwest took in $5.7 billion in 2018's fourth quarter — the airline still saw its stock drop 6% on the news, and Goldman Sachs downgraded it from "neutral" to "sell."

Go deeper: All the ways Americans are feeling the effects of the shutdown

Go deeper

2 hours ago - Politics & Policy

Kellyanne Conway's parting power pointers

Kellyanne Conway addresses the 2020 Republican National Convention. Photo: Nicholas Kamm/AFP via Getty Images

Kellyanne Conway has seen power exercised as a pollster, campaign manager and senior counselor to President Trump. Now that his term in office has concluded, she shared her thoughts with Axios.

Why it matters: If there's a currency in this town, it's power, so we've asked several former Washington power brokers to share their best advice as a new administration and new Congress settle in.

3 hours ago - Politics & Policy

GOP holdouts press on with plans to crush Cheney

Screenshot of emails to a member of Congress from individuals who signed an Americans for Limited Government petition against Rep. Liz Cheney. Photo obtained by Axios

Pro-Trump holdouts in the House are forging ahead with an uphill campaign to oust Rep. Liz Cheney as head of the chamber's Republican caucus even though Minority Leader Kevin McCarthy told them to back down.

Why it matters: What happens next will be a test of McCarthy's party control and the sincerity of his opposition to the movement. Cheney (R-Wyo.) is seen as a potential leadership rival to the California Republican.

Democrats aim to punish House GOP for Capitol riot

Speaker Nancy Pelosi passes through a newly installed metal detector at the House floor entrance Thursday. Photo: Drew Angerer/Getty Images

House Democrats plan to take advantage of corporate efforts to cut funding for Republicans who opposed certifying the 2020 election results, with a plan to target vulnerable members in the pivotal 2022 midterms for their role in the Jan. 6 violence.

Why it matters: It's unclear whether the Democrats' strategy will manifest itself in ads or earned media in the targeted races or just be a stunt to raise money for themselves. But the Capitol violence will be central to the party's messaging as it seeks to maintain its narrow majorities in Congress.