Southwest Airlines suffers $75M loss due to cancellations

Southwest Airlines suffers $75M loss due to cancellations
·1 min read

Southwest Airlines's string of flight cancellations has cost the airline at least $75 million, the company announced on Thursday.

Southwest canceled more than 1,000 flights earlier in October, and the bill consisted of cancellation fees, customer refunds, and goodwill gestures, according to a company press release.

Flights had reportedly been canceled due to inclement weather, but the problem was soon exacerbated by staffing challenges.

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The airline will schedule out flights for the rest of October but announced it would cut down on December flights to mitigate the chances of a similar situation.

The schedule for 2022 will be built on "more conservative staffing assumptions," Southwest said.

Holidays should offset any problems for the remainder of 2021, the airline added.

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"[There] are lingering effects from the summer COVID-19 surge and recent operational challenges, we are encouraged with renewed momentum in leisure and business traffic, revenues, and bookings — especially over the holidays," said CEO and Chairman of Southwest Gary Kelly in a release.

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Tags: News, Southwest Airlines, Travel, Coronavirus, Economy

Original Author: Luke Gentile

Original Location: Southwest Airlines suffers $75M loss due to cancellations

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