Southwest Airlines (NYSE:LUV) is scheduled to announce Q4 earnings results on Thursday, January 30th, before market open. Analysts expect profit of $0.46 per share, up 24.3% Y/Y on revenue of $6.95B,
A Southwest Airlines flight struck a bird and had to return to Tampa International Airport shortly after takeoff on Sunday, according to a SWA spokesperson.
A Southwest Airlines pilot was arrested shortly before takeoff on Wednesday in Georgia after he allegedly showed up to work intoxicated, police say.
In the midst of the airline’s financial woes, the company just revealed that it will be making some major changes in an effort to cut costs. According to a new report from CNBC, Southwest Airlines is putting a freeze on corporate hiring and promotions.
Southwest Airlines Co (LUV) stock saw a modest uptick, ending the day at $32.58 which represents a slight increase of $0.41 or 1.27% from the prior close of $32.17. The stock opened at $32.07 and touched a low of $31.
The Department of Transportation is suing Southwest Airlines, accusing it of operating two “chronically delayed flights” in 2022 that resulted in 180 flight disruptions.
Southwest Airlines is shifting about 270 pilots from key bases in Denver and Atlanta, while bulking up in Baltimore and Nashville. The Dallas-based air carrier plans to trim its pilot count in Denver by about 155 positions and 115 in Atlanta.
Southwest Airlines confirmed the pilot had been removed from duty and apologized to customers whose travel plans were disrupted.
The Transportation Department is stepping up enforcement of persistent flight delays with a civil lawsuit against Southwest Airlines and a fine against Frontier Airlines.
The Transportation Department said in a lawsuit that two of the airline’s routes were consistently delayed in violation of federal rules.
A lawsuit filed against Southwest alleges the airline operated multiple “chronically delayed” flights affecting thousands of passengers.
Southwest Airlines Co. is cutting 270 pilot positions across its Denver and Atlanta operations, the latest changes under broad efforts to reduce costs and maximize use of aircraft.