Southwest Airlines expects normal operations Friday after cancellations

0

[ad_1]

Travelers at Baltimore Washington International airport deal with the impact of Southwest Airlines canceling more than 12,000 flights around the Christmas holiday weekend across the country and in Baltimore, Maryland, December 27, 2022.

Michael McCoy | Reuters

Southwest Airlines confirmed on Thursday that it expects to run a normal schedule on Friday after the carrier’s systemwide meltdown stranded hundreds of thousands of customers over the Christmas holiday week and drew scrutiny from Washington.

The carrier cancelled 39 flights scheduled for Friday, according to FlightAware, down from more than 2,300 Thursday.

related investing news

Pro Picks: Watch all of Wednesday's big stock calls on CNBC

CNBC Pro

The low-cost airline slashed schedules over the last several days, flying just about one-third of its planned flights, in an desperate effort to stabilize its operation, getting planes and crews where they needed to go.

“We have all hands on deck and tested solutions in place to support the restored operation. I’m confident, but I’m also cautious,” CEO Bob Jordan said in a staff memo Thursday.

The airline also resumed selling tickets for Friday, after a pause it implemented before it stabilized its schedule, Jordan said.

“With another holiday weekend full of important connections for our valued Customers and Employees, we are eager to return to a state of normalcy,” the airline said in a statement on its website.

Southwest’s operation unraveled over the holiday week after brutal winter weather swept across the U.S. When most airlines had recovered at the end of last week, Southwest’s problems worsened. Executives cited challenges including overloaded internal scheduling platforms crucial to getting crews matched with flights.

“We have much work ahead of us, including investing in new solutions to manage wide-scale disruptions,” Southwest said in its statement.

Southwest shares were up more than 4% in afternoon trading on Thursday, paring its losses this week to 7%, which is still far more than its close rivals.

Some competitors said they would cap fares for certain cities to help stranded Southwest passengers reach their destinations without surging prices, but fare searches on Thursday still returned some flights for $600 or more.

The moves came after Transportation Secretary Pete Buttigieg urged carriers to cap fares.

This story is developing. Please check back for updates.

[ad_2]

Source link

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 63,921.00
ethereum
Ethereum (ETH) $ 1,771.03
tether
Tether (USDT) $ 0.999196
bnb
BNB (BNB) $ 574.85
usd-coin
USDC (USDC) $ 0.999820
xrp
XRP (XRP) $ 1.11
solana
Solana (SOL) $ 78.95
tron
TRON (TRX) $ 0.331474
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
hyperliquid
Hyperliquid (HYPE) $ 68.27
dogecoin
Dogecoin (DOGE) $ 0.074028
usds
USDS (USDS) $ 0.999745
rain
Rain (RAIN) $ 0.014418
leo-token
LEO Token (LEO) $ 9.61
zcash
Zcash (ZEC) $ 491.12
wrapped-steth
Wrapped stETH (WSTETH) $ 2,779.67
whitebit
WhiteBIT Coin (WBT) $ 56.41
stellar
Stellar (XLM) $ 0.189242
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,243.00
cardano
Cardano (ADA) $ 0.168710
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
monero
Monero (XMR) $ 317.23
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 2,466.93
chainlink
Chainlink (LINK) $ 7.92
canton-network
Canton (CC) $ 0.133797
bitcoin-cash
Bitcoin Cash (BCH) $ 242.36
wrapped-eeth
Wrapped eETH (WEETH) $ 2,465.31
dai
Dai (DAI) $ 0.999788
usd1-wlfi
USD1 (USD1) $ 0.998923
susds
sUSDS (SUSDS) $ 1.08
the-open-network
Gram (prev. Toncoin) (GRAM) $ 1.62
ethena-usde
Ethena USDe (USDE) $ 0.999599
litecoin
Litecoin (LTC) $ 44.32
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 76,366.00
global-dollar
Global Dollar (USDG) $ 0.999593
hashnote-usyc
Circle USYC (USYC) $ 1.13
hedera-hashgraph
Hedera (HBAR) $ 0.070656
weth
WETH (WETH) $ 2,268.37
sui
Sui (SUI) $ 0.724740
avalanche-2
Avalanche (AVAX) $ 6.78
paypal-usd
PayPal USD (PYUSD) $ 0.999770
usdt0
USDT0 (USDT0) $ 0.998824
crypto-com-chain
Cronos (CRO) $ 0.056598
shiba-inu
Shiba Inu (SHIB) $ 0.000004
near
NEAR Protocol (NEAR) $ 1.95
tether-gold
Tether Gold (XAUT) $ 4,113.49
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
uniswap
Uniswap (UNI) $ 3.46
ondo-us-dollar-yield
Ondo US Dollar Yield (USDY) $ 1.14
Shares