In the midst of a meltdown which stranded thousands of customers and that worsened as other airlines began to recover from the holiday winter storm, Southwest Airlines Co. canceled about two-thirds of its flights on Monday.
In the aftermath of canceling thousands of flights over the Christmas weekend, Southwest Airlines’ LUV, +1.78% posted 2,700 scrapped flights Monday, the most of any major U.S. airline.
Approximately 8,000 flights were canceled by the airline between Thursday and Monday, according to FlightAware.
In the eastern half of the country, which had been battered by snow, wind, and subfreezing temperatures in the previous days, the problems at Southwest intensified Monday despite generally improving weather conditions.
Southwest executives spent much of the weekend, including Christmas Day, discussing the problems, people familiar with the matter said. Despite their efforts, they were unable to turn the airline around.
Southwest’s woes arose from bad weather, Southwest’s flight routes and execution challenges, including a crew scheduling system that buckled under the volume of changes, managers and union leaders said.
Post Disclaimer
Please note that the opinions shared here are for informational purposes and not meant to be considered investment advice. Each writer expresses their own views, which may not necessarily reflect those of the platform. All investments and trading carry risks, so it is important to conduct thorough research before making any decisions. It is important to only invest money that you can afford to lose, as this author & Financial Futruism is not responsible for any financial losses resulting from investments or cryptocurrency trading.
