Southwest estimates its December meltdown will cost it up to $825 million in lost revenue, passenger reimbursements, and other costs

Jan 6 2023 by Business Insider

 

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Southwest Airlines estimated Friday that its December meltdown will cost it up to $825 million in lost revenue, passenger reimbursements, and other costs. 

The airline said it expected to report a net loss for the fourth quarter, having previously forecast a "strong profit."

Southwest canceled more than 16,700 flights between December 21 and 31 as a bitter winter storm wrought havoc on its operations during the busy end-of-year travel period.

Southwest said Friday it expected a...

Continue Reading Southwest estimates its December meltdown will cost it up to $825 million in lost revenue, passenger reimbursements, and other costs