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Constant updates as temperatures stabilise around 40℃
Southwest Airlines reported a fourth quarter net loss Thursday, and warned that another loss is expected for the first quarter of fiscal 2023 due to its holiday operational meltdown.
Southwest Airlines announced in a letter to loyalty customers that it is taking additional measures to review the events and "make thoughtful recommendations on future actions."
The reasons for this year’s increase vary based on the airline. Among the factors: fuller planes, reduced flying schedules and more carriers needing to switch aircraft.
Shareholders are suing Southwest Airlines, claiming that it concealed issues about its technology that left it vulnerable during adverse weather conditions.