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Chicago Local News — Southwest Airlines sees first-quarter loss after December crisis that we obtained from news agencies. opinions and stunning details about the Southwest Airlines sees first-quarter loss after December crisis that you have never heard before.
Southwest Airlines sees first-quarter loss after December crisis
Chief Executive Officer Bob Jordan said the “current revenue and cost trends” will lead to a net loss in the first quarter, without disclosing a specific range. Analysts had expected profit of 20 cents a share on average, according to estimates compiled by Bloomberg.
The disruptions kept Southwest from benefiting from a surge in holiday travel and strong pricing that lifted its three largest rivals to quarterly profits. The Dallas-based airline is working with a consulting firm to determine the root causes, which Jordan has pledged to fix.
It also is under investigation by the Department of Transportation, which on Wednesday said it is conducting a “rigorous” review of Southwest’s scheduling…
