Southwest Airlines tells staff 'difficult decisions' ahead in push to boost profits
Southwest Airlines' COO told staff that the company will have to make "difficult decisions" to boost the carrier's profits. The airline has already said it will switch to assigned seating, start red-eye flights and sell seats with extra legroom .
Southwest Airlines warns staff of 'tough decisions' ahead, Bloomberg reports
Southwest Airlines has warned employees that it will soon make tough decisions as part of a strategy to restore profits and counter demands from activist investor Elliott Investment Management, Bloomberg News reported on Saturday.
Southwest Airlines Warns of ‘Difficult Decisions’ to Restore Profits
Southwest Airlines Co. has warned employees that it will announce some tough decisions in coming days under a plan to restore profits and help fend off changes being demanded by activist Elliott Investment Management.
What's Behind The 10% Fall In Southwest Airlines Stock?
Southwest Airlines’ revenue grew from $15.8 billion in 2021 to just $26.1 billion in 2023, driven by a recovery in travel demand post pandemic. Southwest Airlines’ revenue passenger miles (RPM) grew 32% between 2021 and 2023, while passenger revenue per available seat mile (PRASM) also grew 30% over this period.
Southwest Airline Warns of 'Tough Decisions' Ahead
The faltering airline's leadership is preparing a series of cost-cutting measures to counter an activist investor's attempt to revamp the c-suite, according to a Bloomberg report.
Is Southwest Airlines Co. (LUV) Among the Worst Airline Stocks to Buy?
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Southwest Airlines Is An Easy Fix, But It's Not Necessarily A Buy
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Southwest Airlines chairman to retire, 6 board members to resign after push from major shareholder
DALLAS – Southwest Airlines will revamp its board of directors, and longtime Chairman Gary Kelly will retire next year, the ...
Elliott still wants Southwest Airlines CEO Bob Jordan out, union says
Southwest Airlines CEO Bob Jordan and executive chairman Gary Kelly would be long gone by now if one vocal activist investor ...
Southwest Airlines shakes up its board under pressure from a big shareholder
Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to stick with CEO Robert ...
Southwest Airlines brawling with San Antonio, warns future growth at airport uncertain
Southwest Airlines, the largest airline in the city, may reconsider growth plans in San Antonio if it doesn’t get gates in ...
Alaska Airlines plane aborts takeoff to avoid collision with Southwest jet
Just days after two Delta planes collided, an Alaska Airlines flight nearly collided with a Southwest jet in Nashville.
Southwest Airlines and San Antonio airport spar over contract, Terminal C
Southwest Airlines is less than two weeks away from the expiration of their signatory lease agreement with the San Antonio ...
Johnny Jet on MSN1d
World-renowned cellist treats Southwest Airlines passengers to free concert at 36,000 feet in the air
A world renowned cellist who has performed in 35 countries, was flying Southwest Airlines when she was invited to play her ...