Southwest Airlines to cut service and staffing in Atlanta to slash costs
Publishing timestamp: 2024-09-25 12:49:10
Summary
Southwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions. The changes come as pressure mounts from activist investor Elliott Investment Management. The airline is also facing changing booking patterns, oversupplied parts of the U.S. market, and aircraft delays from Boeing. Southwest is making these changes to boost profits and optimize its network.
Sentiment: MIXED
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Source: https://www.cnbc.com/2024/09/25/southwest-airlines-cut-service-staffing-atlanta.html