Southwest airlines delays12/10/2023 ![]() Southwest shares fell 1.6% to $48.66 on Thursday.Īmerican on Thursday reported a $169 million profit for the third quarter, thanks to federal aid, and revenue of $8.97 billion, up from $3.17 billion during the same period a year ago. Total revenue: $4.68 billion versus expected $4.58 billion.Adjusted results per share: a loss of 23 cents versus an expected loss of 27 cents.Here's how Southwest performed in the third quarter compared with what Wall Street expected, based on average estimates compiled by Refinitiv: Southwest first trimmed its schedule in August after operational strains and complaints from labor unions about employee exhaustion. That along with a surge in Covid-19 cases led to a revenue hit of $300 million, he said. "Our active (versus inactive) and available staffing fell below plan and, along with other factors, caused us to miss our operational ontime performance targets, and that created additional cost headwinds," Kelly said. Southwest's revenue rose to $4.68 billion in the quarter up from $1.79 billion in the third quarter of last year. The airline reported a third-quarter profit of $446 million on Thursday compared with a $1.6 billion loss year earlier, thanks to a boost from federal aid and voluntary leaves of absence by employees. The revenue hit, announced in quarterly results, came from flight cancellations, customer refunds and "gestures of goodwill," Southwest said.ĬEO Gary Kelly said in an earnings release that the airline's 2022 schedule "reflects more conservative staffing assumptions, as well, all compared to historical norms." 8 in Orlando, one of the airports that Southwest highlighted as an issue in an customer apology, the airline had canceled more than a third of its scheduled departures, while American Airlines canceled 16% of its departures and Spirit Airlines scrapped 6%, according to aviation consulting firm Cirium. Its closest rivals, including those in Florida, had relatively minimal cancellations. 13. It blamed the meltdown on bad weather in Florida and air traffic control issues, which was compounded by staffing shortages. Southwest canceled more than 2,000 flights between Oct. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Southwest Airlines cancellations cause travel trouble in South Florida and across nationĬopyright 2021 by WPLG - All rights reserved.Best Debt Consolidation Loans for Bad Credit Southwest isn’t the only airline that has experienced these issues. There were a total of 90 system-wide cancellations out of the airline’s almost 3,300 flights scheduled for Tuesday. “Any industry expert knows it takes several days if you have that large of an impact on the operation to get the airplanes where they need to be and then to match the crews up with that.” “So there were no ATC issues over the weekend, and that’s absolutely true,” Kelly said. Southwest blamed the chaos on bad Florida weather, lack of personnel, and air traffic control issues, but the FAA said there was no staffing shortage reported since Friday. “We have a few more cancellations than we would normally have, but things are pretty well back to normal.” “Things are much smoother today,” Kelly said. On Tuesday, Kelly said operations are finally improving.Īt Fort Lauderdale-Hollywood International Airport it looked better Tuesday, with no long lines visible. ![]() ![]() The issues began last Friday and it’s been a ripple effect ever since. “Of course, I want to apologize to all of our customers,” said Southwest CEO Gary Kelly. The airline’s CEO came out and apologized for the issues that left many travelers frustrated, stranded, and seeking answers. ![]() – Signs of improvement with Southwest Airlines on Tuesday after a weekend of chaos and thousands of flight cancellations.
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