Southwest Airlines trims flights again to manage staffing crunch
Publishing timestamp: 2021-10-21 10:58:35
Summary
Southwest Airlines faced $75 million in costs due to mass flight cancellations, blamed on bad weather, air traffic control issues, and staffing shortages. The airline plans to further trim its schedule and reported a third-quarter profit thanks to federal aid and voluntary leaves of absence by employees. American Airlines also reported a profit for the third quarter. Southwest's shares fell while American's shares rose.
Sentiment: NEGATIVE
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