Southwest Airlines Says Holiday Cancellations Could Top $825 Million

  • Southwest Airlines expects to lose as much as $825 million from the operational meltdown that led to nearly 17,000 canceled flights over the chaotic holiday season.
  • In a Friday filing with the Securities and Exchange Commission, the Dallas-based carrier said it expects the disruption that occurred between Dec. 21 and Dec. 31 to result in a pre-tax negative impact in the range of $725 million to $825 million.
  • “A significant portion of this impact is from an estimated revenue loss in the range of $400 million to $425 million,” it said in the filing. Before the meltdown, Southwest projected fourth-quarter revenue would rise by up to 17% over the same period in 2019.
Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.