Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Southwest Airlines Is Losing Altitude Today


Winter weather over the holiday weekend led to a meltdown at Southwest Airlines (NYSE: LUV), with the discounter forced to cancel a sizable portion of its total flight schedule and leave millions of travelers stranded. On Tuesday, investors headed for the emergency exits, sending shares of Southwest down as much as 9%.

Winter storms and busy travel weekends are never a good mix for the airline industry, but one carrier stood out as the clear Grinch. Southwest was forced to cancel more than 30% of its flights per day over the weekend.

While other airlines were getting back to normal on Tuesday, Southwest said it was cancelling more than two-thirds of today's schedule and planned to operate at a reduced schedule through Thursday as it works to get flight crews and airplanes back into their normal rotation.

Continue reading


Source Fool.com

Like: 0
LUV
Share

Comments