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06.12.25 - 23:42
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US waives $11m fine for Southwest Airlines over 2022 holiday meltdown (The Guardian)
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White House decision is part of $140m settlement over flight chaos during busy December travel periodThe Trump administration said on Saturday it will waive an $11m fine imposed on Southwest Airlines as part of a $140m settlement over the carrier's meltdown in December 2022 during a busy holiday travel period.Southwest in December 2023 agreed to pay a $35m cash fine over three years over the airline's handling of the meltdown that stranded more than 2 million passengers. It also agreed to provide $90m in travel vouchers of $75 or more to passengers delayed at least three hours getting to final destinations because of an airline-caused issue or cancellation. Continue reading......
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05.12.25 - 20:33
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Record-Long Gov′t Shutdown Forces Southwest To Cut Guidance As Airline Warnings Pile Up (ZeroHedge)
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Record-Long Gov't Shutdown Forces Southwest To Cut Guidance As Airline Warnings Pile Up
First, Delta Air Lines warned that the record 43-day government shutdown last month, which throttled air traffic at 40 major airports, would slash its fourth-quarter profit by about $200 million. Now Southwest Airlines is following suit, cutting its full-year profit guidance as the shutdown's ripple effects continue to weigh on major carriers.
Southwest revealed in a new SEC filing:
"As a result of lower revenue due to the government shutdown, and the impact of higher fuel prices, the Company now expects its full-year 2025 EBIT to be approximately $500 million, compared with its prior expectation of $600 million to $800 million. Following the temporary decline in demand related to the shutdown, bookings have returned to previous expectations."
The good news is that the shutdown's impact didn't spill over into December. Southwest noted in its filing that bookings have already bounced back:
Following the ...
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