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Southwest Airlines (LUV) earnings Q1 2023

A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada.Ethan Miller | Getty ImagesSouthwest Airlines lost $159 million in the first quarter as the financial impact of its holiday meltdown stretched well into 2023.The carrier canceled more than 16,000 flights in the final days of December when staffing software couldn't keep pace with scheduling changes during coast-to-coast storms. The incident resulted in a $325 million…

Amazon, Facebook, Google Headline Busy Earnings Week for Tech

Technology companies including Google parent Alphabet Inc. and Amazon . com Inc. as well as stalwarts from the food, pharmaceutical and energy sectors, highlight a busy earnings week amid concerns about the U.S. economy. The coming reports will provide clues to investors about how companies fared in the first quarter of 2023 as the recent banking crisis, continuing layoffs in sectors such as technology, and inflation weighed on the economy. Technology companies including Google parent…

Southwest Airlines Resumes Flights After Ground Stop Tuesday Morning

Southwest Airlines Co. said it resumed flights after a nationwide pause that resulted in widespread flight delays Tuesday morning.  The Federal Aviation Administration said it had canceled Southwest’s pause in departures, which the airline had requested due to an internal technical issue at Southwest. Southwest Airlines Co. said it resumed flights after a nationwide pause that resulted in widespread flight delays Tuesday morning.  The Federal Aviation Administration said it…

Why Booking a Business Trip Is Suddenly a Lot More Work

Booking a business trip today isn’t as simple as clicking “Buy” on your go-to airline and heading for the airport lounge.With ticket prices in the stratosphere and concern about the economy high, cost-conscious road warriors are cheating on their favorite airline, loyalty status be damned. Others are flying to alternative airports and renting a car, booking undesirable flights or driving to their destination. Companies are encouraging travelers to cram more meetings into a single trip to get more bang for their buck, or…

Southwest Airlines Outlines Plan to Handle Severe Weather Problems

Southwest Airlines Co. LUV 1.06% said it has identified several solutions to manage the kind of severe winter-weather disruptions that caught it off guard late last year, resulting in thousands of flight cancellations.  Chief Executive Bob Jordan said the company understood what caused the holiday disruption. “We expect to mitigate the risk of an event of this magnitude ever happening again,” he said…

The Airline Experiment to Make Boarding Less Awful

ATLANTA—Passengers boarding Southwest Airlines Flight 2299 to Washington last week didn’t see the typical ads for credit cards or dreamy vacation spots on the walls of the jet bridge.In their place were framed travel tips, including a heads up on Southwest’s quirky seating policy. “No assigned seats on board, pick any open seat!’’ one poster says. Disco music blared from portable speakers to keep people moving. The jet bridge change-ups and other experiments at four Southwest…

Southwest Airlines to Reduce Minimum Requirements for Aspiring Pilots

Southwest Airlines Co. LUV -1.28% is reducing the number of hours prospective pilots must have spent flying jets and other turbine-powered aircraft, as the carrier looks to increase hiring. Southwest had required applicants to have spent at least 1,000 hours flying such aircraft. It will now consider pilots with less of that type of experience, and said it would list 500 hours of “turbine time” as a preferred qualification. The change…

Southwest Airlines (LUV) earnings Q4 2022

Travelers check in at a Southwest Airlines ticket counter during the busy Christmas holiday season at Orlando International Airport on December 28, 2022 in Orlando, Florida.Paul Hennessy | Anadolu Agency | Getty ImagesSouthwest Airlines said Thursday it expects its holiday meltdown to continue to weigh on its bottom line, but said it still expects to be profitable this year.Southwest shares were down around 4% in afternoon trading.The carrier reported a net loss of $220 million in the fourth quarter after the travel chaos…

Southwest Airlines Earnings Hit by $220 Million Loss After Holiday Meltdown

The largest carrier of U.S. domestic passengers said Thursday that it expects another loss in the first quarter as customer cancellations rose at the start of the year and bookings decelerated. Southwest scrubbed more than 16,700 flights from Dec. 21 through Dec. 31 as the impact of winter storms cascaded through its network. It was one of the most disruptive and expensive airline meltdowns the industry has experienced in recent years, attracting criticism from regulators and lawmakers. U.S. airlines have said…