Scott Forbes, Jefferies Aerospace & Defense and Airlines Equity Research, joins Yahoo Finance Live anchors Seana Smith and Jared Blikre to assess the forecasted earnings losses for Southwest Airlines
Southwest Airlines could be slapped with major penalties for ruining Christmas for thousands of travelers by canceling flights during the holiday weekend.

US Lawmakers Vow Probe Into Southwest Meltdown

01:08pm, Wednesday, 28'th Dec 2022
The Southwest Airlines meltdown that's stranded thousands of passengers across the US has its root in outdated technology that analysts and its unions have warned about for years. Ryan Beene has more
Yahoo Finance Live anchors Julie Hyman, Brad Smith and Brian Sozzi discuss Southwest CEO Bob Jordan's address on the airline's network issues, flight delays, and cancellations amid winter storm chaos.

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.
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