Published 1 year ago

Southwest posts $220 million loss last quarter after holiday meltdown

Summary by Ground News

Southwest Airlines reported a $220 millionloss for the fourth quarter. The carrier canceled around 16,700 flights between Dec. 21 and Dec. 31. It forecast a first-quarter loss, citing current revenue and cost trends. Analysts have been anticipating a per-share profit of 19 cents for the current quarter.

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Reuters

Southwest Airlines warns of quarterly loss after holiday meltdown

Southwest Airlines Co on Thursday warned of a loss in the current quarter as passengers shunned the carrier in the immediate aftermath of an operational meltdown that forced it to scrap thousands of flights between Christmas and New Year's Eve.

1 year ago·United Kingdom

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CNN

Southwest posts quarterly loss and warns more losses are ahead after service meltdown

Southwest Airlines reported a loss for the fourth quarter because of the company's service meltdown over the holiday travel season, and it warned the costs from those problems will result in another loss in the first quarter.

1 year ago·Atlanta, United States

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KRDO

Southwest posts quarterly loss and warns more losses are ahead after service meltdown

(CNN) -- Southwest Airlines reported a loss for the fourth quarter because of the company's service meltdown over the holiday travel season, and it warned the costs from those problems will result in another loss in the first quarter. The airline was forced to cancel more than 16,700 flights between December 21 and 29, roughly

1 year ago·Colorado Springs, United States

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CNBC

Southwest posts $220 million loss last quarter after holiday meltdown

Southwest expects a first-quarter loss because of current revenue and cost trends.

1 year ago·United States

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KVIA

Southwest posts quarterly loss and warns more losses are ahead after service meltdown

Originally Published: 26 JAN 23 06:52 ETUpdated: 26 JAN 23 14:50 ETBy Chris Isidore, CNN (CNN) -- Southwest Airlines reported a loss for the fourth quarter because of the company's service meltdown over the holiday travel season, and it warned the costs from those problems will result in another loss in the first quarter.The airline was forced to cancel more than 16,700 flights between December 21 and 29, roughly half its schedule during that…

1 year ago·Panama City, United States

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The Business Journals

Southwest executives lay out mitigation plan after holiday meltdown

Southwest executives spent an hour and a half detailing the steps they are taking to mitigate future problems, including spending $1.3 billion on technology improvements this year.

1 year ago·United States

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