India  

Canceled Holiday Flights Will Cost Southwest Airlines Over $800 Million

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Canceled Holiday Flights Will Cost Southwest Airlines Over $800 Million

Canceled Holiday Flights Will Cost Southwest Airlines Over $800 Million

Canceled Holiday Flights , Will Cost Southwest Airlines , Over $800 Million .

Southwest Airlines holiday breakdown will cost the air carrier as much as $825 million and result in a net loss for the fourth quarter.

Southwest Airlines holiday breakdown will cost the air carrier as much as $825 million and result in a net loss for the fourth quarter.

In October, Southwest CEO Bob Jordan predicted the airline would , “generate strong profits and margins in fourth quarter.”.

In October, Southwest CEO Bob Jordan predicted the airline would , “generate strong profits and margins in fourth quarter.”.

In October, Southwest CEO Bob Jordan predicted the airline would , “generate strong profits and margins in fourth quarter.”.

'Forbes' reports that the airline says 17,000 canceled flights over ten days cost the company between $400 and $425 million in lost revenue.

'Forbes' reports that the airline says 17,000 canceled flights over ten days cost the company between $400 and $425 million in lost revenue.

'Forbes' reports that those losses come on top of reimbursements to passengers for expenses like transportation, hotels, meals and lost luggage.

The airline is also offering passengers 25,000 Rapid Rewards points as a peace offering for anyone whose flight was canceled or delayed over three hours.

According to 'Forbes' the fallout from the debacle is expected to trickle into future quarters as many of the expenses will not be recorded until they are processed.

Meanwhile, the incident has added to calls for stronger consumer protections to safeguard confidence in U.S. air travel.

Senate, Commerce Committee chair Maria Cantwell said that members of the committee will hold , "hearings for FAA reauthorization to examine how to strengthen consumer protections and airline operations.”.

'Forbes' reports that shares in Southwest are currently down 3% over last month and down 22% compared to 2021


You Might Like


đź’ˇ newsR Knowledge: Other News Mentions

Bob Jordan (businessman) Bob Jordan (businessman)

Southwest Drops Service to 4 Airports Amid Boeing Problems [Video]

Southwest Drops Service to 4 Airports Amid Boeing Problems

Southwest Drops Service to 4 Airports , Amid Boeing Problems. On April 24, Boeing announced that it will keep production levels lower so that it can focus on the quality and safety of its planes. The announcement comes after the company has experienced backlash over safety issues, . such as the incident on Jan. 5 in which a door plug flew off of an Alaska Airlines plane. . On April 25, Southwest Airlines said that Boeing delivery delays have caused the company to stop serving four airports, CNN reports. . The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025, Southwest CEO Bob Jordan, via statement. We are reacting and replanning quickly to mitigate the operational and financial impacts. , Southwest CEO Bob Jordan, via statement. Consequently, we have made the difficult decision to close our operations [at the four airports], Southwest CEO Bob Jordan, via statement. The four airports that will be affected are Bellingham International Airport, Cozumel International Airport. Syracuse Hancock International Airport and George Bush Intercontinental Airport. Southwest also revealed that it lost $218 million in Q1 2024. However, revenue was at $6.3 billion, an 11% increase from last year. The revenue increase came from an uptick in passenger traffic, CNN reports. Southwest shares dipped 7% in premarket trading on April 25

Credit: Wibbitz Top Stories    Duration: 01:31Published

Southwest Airlines Low-cost airline of the United States

Deadly Storms Forecast to Cross 1,000 Miles of the US [Video]

Deadly Storms Forecast to Cross 1,000 Miles of the US

Deadly Storms , Forecast to Cross , 1,000 Miles of the US. 'Newsweek' reports meteorologists have warned that a life-threatening storm could impact millions of people across the central United States this week. On April 23, AccuWeather issued a warning regarding , "one of the most widespread severe weather events so far in 2024.". According to AccuWeather, the incoming storm , "will unleash tornadoes, hard-hitting hail and damaging winds across a dozen states.". On April 25, the first storm of the system is set to arrive, closely followed by subsequent storms expected to last throughout the weekend. AccuWeather warned the storms are expected to pose a , "significant risk to lives and property.". All modes of severe weather are likely with the multiple-day event in the central U.S, Bernie Rayno, AccuWeather Chief On-Air Meteorologist, via 'Newsweek'. Two storms, off the Pacific coast on Tuesday, will swing across the West and cause moisture to surge northward from the Gulf of Mexico while, at the same time, temperatures surge, Bernie Rayno, AccuWeather Chief On-Air Meteorologist, via 'Newsweek'. 'Newsweek' reports that the states at greatest risk are:, Illinois, Indiana, Iowa, Missouri, Arkansas, Oklahoma, Kansas, Kentucky, Tennessee, Mississippi, Louisiana and Texas. According to AccuWeather, the storm is expected to cross an estimated 1,000 miles on April 26, passing into central Texas all the way from southern Minnesota. . In addition to dangerous storm conditions, the National Weather Service has warned that critical fire weather conditions, "will also be present across parts of the Southwest into the southern High Plains."

Credit: Wibbitz Top Stories    Duration: 01:30Published
Southwest Flight From Denver Loses Engine Cover [Video]

Southwest Flight From Denver Loses Engine Cover

Southwest Flight From Denver , Loses Engine Cover. On April 7, a Boeing 737-800 plane in use by Southwest Airlines lost an engine cover which hit the wing flap, the Federal Aviation Administration said. . According to air traffic control audio, a pilot said that "several passengers and flight attendants heard something loud hit the wing.". After determining the issue, the plane safely returned to Denver, and Southwest issued an apology. . We apologize for the inconvenience of their delay but place our highest priority on ultimate Safety for our Customers and Employees, Southwest Airlines, via statement. There were no reports of injuries. . According to FAA records, the plane was last certified to be airworthy in May of 2015. The agency will investigate the incident. . Boeing refused to comment and instead pointed to Southwest for details "about plane and fleet operations," CNN reports. . The incident is just the latest in a series of mechanical issues Boeing has experienced over the last several months.

Credit: Wibbitz Top Stories    Duration: 01:30Published
Southwest Airline Triggers Emergency landing in Colorado as Engine Cover Detaches Mid-Air| Oneindia [Video]

Southwest Airline Triggers Emergency landing in Colorado as Engine Cover Detaches Mid-Air| Oneindia

A Southwest Airlines Boeing 737 encountered a mid-flight emergency as its engine cover tore off, prompting a return to Denver International Airport. This incident adds to Boeing's recent string of safety concerns, reigniting scrutiny over aircraft safety standards. Boeing and the FAA are investigating the incident, underscoring the need for rigorous oversight and accountability within the aviation industry to ensure passenger safety. #SouthwestAirlines #EmergencyLanding #Boeing737 #DenverInternationalAirport #FAA #Colorado #BoeingSafety #Flightnews #Worldnews #Oneindia #Oneindianews ~PR.152~ED.102~GR.122~HT.96~

Credit: Oneindia    Duration: 02:06Published

Federal Aviation Administration Federal Aviation Administration U.S. government agency regulating civil aviation

Another Mid-Flight Boeing Incident Occurs Amid Increased Scrutiny [Video]

Another Mid-Flight Boeing Incident Occurs Amid Increased Scrutiny

Another Mid-Flight , Boeing Incident Occurs, Amid Increased Scrutiny. On March 4, a United Airlines Boeing 737 flight was forced to make an emergency landing after bursting into flames mid-air. . 'The Independent' reports that the plane's engine exploded shortly after taking off from Fort Meyers, Florida. . The Houston-bound flight was forced to make an emergency landing just moments after taking off. . No injuries were linked to the incident. According to United Airlines, , "the flight landed safely, and the passengers deplaned normally.". The airline added that it, "arranged for a new aircraft to take our customers to their destination.". 'The Independent' reports that the cause of the accident is currently under investigation by the Federal Aviation Administration (FAA). . In January, Boeing came under increased scrutiny after a door panel on a 737 Max 9 blew off in the middle of an Alaska Airlines flight. In January, Boeing came under increased scrutiny after a door panel on a 737 Max 9 blew off in the middle of an Alaska Airlines flight. Following the incident, in which several passengers were injured, all Boeing 737 Max 9s were grounded, and investigations were opened by the FAA and the National Transportation Safety Board. Boeing must commit to real and profound improvements. Making foundational change will require a sustained effort from Boeing’s leadership, and we are going to hold them accountable every step of the way, Mike Whitaker, FAA administrator, via 'The Independent'

Credit: Wibbitz Top Stories    Duration: 01:31Published

Related videos from verified sources

Southwest Airlines Posts Massive Loss After Holiday Meltdown [Video]

Southwest Airlines Posts Massive Loss After Holiday Meltdown

Southwest Airlines , Posts Massive Loss , After Holiday Meltdown. NBC reports that Southwest Airlines has reported a $220 million loss for the fourth quarter following a holiday meltdown. . The..

Credit: Wibbitz Top Stories     Duration: 01:30Published
Customers, travel agents affected by Southwest Christmas cancellations say they'll still use airline [Video]

Customers, travel agents affected by Southwest Christmas cancellations say they'll still use airline

Following the Southwest Airlines meltdown during Christmas week, we wanted to know if the airline’s errors would negatively affect their future with travelers. Starting Dec. 21 to 29, Southwest..

Credit: Rumble     Duration: 01:12Published