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Southwest (LUV) expects capacity in fourth-quarter 2022 to decline 6% versus fourth-quarter 2019 actuals.
Southwest Airlines is anticipating a money-losing fourth quarter after a winter storm and technology meltdown led to nearly 17,000 canceled flights and stranded hundreds of thousands of holiday travel

Southwest Airlines: The Big Winter Blow

03:40am, Saturday, 07'th Jan 2023
Southwest Airlines announced hundreds of millions in costs due to the winter storm. Preliminary cost estimate matches my model outcome and is a considerable windfall.
Yahoo Finance Live anchors Brad Smith, Brian Sozzi and Julie Hyman discuss Southwest Airlines' decision to revise its fourth-quarter forecast after its major cancellations over the holidays.
Southwest Airlines expects to rack up a significant loss, as much as $825 million, from the operational meltdown that led to nearly 17,000 flight cancellations.
It took Southwest eight days to recover just before the New Year's Day weekend, while other major airlines were up and running quickly after the storm passed.
Southwest Airlines (NYSE:LUV) Company expects to book a fourth-quarter loss after the beleaguered airlines experienced a complete operational meltdown in December, which led to widespread flight cance
The airline said Friday it canceled more than 16,700 flights in late December as a bitter winter storm wrought havoc on its operations.
The carrier estimated a hit of $725 million to $825 million from the disruption, which saw it cancel more than 16,000 flights between Dec. 21 and Jan. 2.
Southwest Airlines Co. warned Friday that it expects to report a surprise net loss for the fourth quarter, because of the costs associated with all the flights it canceled in December.
The airline said it lost up to $425 million in revenue after it canceled more than 16,700 flights in the final 10 days of the year as a winter storm wreaked havoc on operation.
The airline has not said how much it might have to spend to reimburse customers and upgrade its technology systems.
With its flights running on a roughly normal schedule, Southwest Airlines is now turning its attention to repairing its damaged reputation after it canceled 15,000 flights around Christmas and left ho
Southwest Airlines is vowing to conduct a review of the holiday travel meltdown that caused thousands of flight cancellations.
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