Southwest Airlines CEO Is 'Truly Sorry'

12:12pm, Wednesday, 28'th Dec 2022
Southwest Airlines Co. Chief Executive Officer Bob Jordan apologized late Tuesday in a video posted by the carrier, saying the company reduced its flight schedule to gain time to reposition aircraft
Southwest CEO Bob Jordan said he was “truly sorry” for the cancellations in a statement issued Tuesday.
"An unusually high number" of Southwest employees didn't show up for work at the airline's Denver hub, according to Bloomberg News.
The airline cut another 60% of its schedule even as operations at other airlines improved.
Southwest Airlines has already cancelled more than 2,000 flights Wednesday morning as the airline tries to stabilize its schedule. CNBC's 'Squawk on the Street' team discuss.
U.S. Transportation Secretary Pete Buttigieg said that large-scale flight schedule disruptions at Southwest Airlines were no longer a weather-driven issue and showed a "system failure" within the comp

Southwest's System Is Broken, Cowen's Becker Says

09:24am, Wednesday, 28'th Dec 2022
Helane Becker, Cowen senior research analyst, says Southwest Airlines is not equipped to handle severe weather events. She speaks during an interview on "Bloomberg Surveillance.
Southwest's (LUV) management apologizes to its passengers for the fiasco.
Transportation Secretary Pete Buttigieg said Southwest Airlines must compensate travelers for canceled flights, lodging and meal expenses this week.
Mike Boyd, president of the aviation consulting firm Boyd Group International, joins CNBC's 'Squawk Box' to weigh in on the meltdown at Southwest Airlines and what it means for other airlines.
The flight cancellations are continuing to pile up for Southwest Airlines on Wednesday, with more than 2,500 flights already scrubbed across the U.S.
Southwest plans to cut two-thirds of its schedule for the next few days. The DOT is looking into whether the airline could have mitigated disruptions.
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Southwest has canceled thousands of flights over the past week as winter weather shut down operations.
U.S. Transportation Secretary Pete Buttigieg weighed in on Southwest Airlines' holiday-weekend implosion Tuesday, promising customers that his department will hold the airline accountable.
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