Boosted by full flights during the holidays, Dallas-based Southwest Airlines posted a narrow $68 million profit for the fourth quarter... but the announcement came with a warning.
— Boosted by full flights during the holidays, Dallas-based Southwest Airlines posted a narrow $68 million profit for the fourth quarter. But the airline warned Thursday that it expects to lose money in the first three months of 2022.
New reported cases of COVID-19 cases remain extremely high, but began to decline last week. Citing that trend, Jordan said, “the worst appears to be behind us, and we are optimistic about current bookings and revenue trends for March.” Southwest attempted to grow faster than other U.S. airlines as travel rebounded last year, but the strategy backfired, as staffing shortages contributed to high numbers of canceled flights last summer and fall.When other airlines started canceling flights around Christmas because of employees being out with COVID-19, Southwest was not hit as hard.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Southwest Airlines Says Omicron Will Drive a Loss in the First Quarter, But Expects 2022 ProfitSouthwest Airlines said it will post losses in January and February but return to profitability by March.
Baca lebih lajut »
Employee profit-sharing returns as Southwest Airlines netted $977 million for 2021Southwest Airlines will share $230 million with employees after pulling in a $977 million profit for the full year 2021, a perk that disappeared in 2020...
Baca lebih lajut »
Tesla Posts Record Annual ProfitElon Musk’s electric-vehicle maker posted a $5.5 billion annual profit on $53.8 billion of sales last year, up from $721 million in profit and $31.5 billion in sales in 2020.
Baca lebih lajut »
American Airlines moves up in on-time rankings, while Southwest falls behindAmerican Airlines moved ahead of many of its major airline competitors in on-time arrival rankings in 2021 despite a year of turbulence for the Fort Worth-ba...
Baca lebih lajut »
10 things Southwest Airlines’ Bob Jordan told Dallas business leaders days before taking over as CEOBob Jordan has less than a week before he moves into the CEO chair and Southwest Airlines, and part of that duty was facing the Dallas business community...
Baca lebih lajut »
Samsung posts record revenue but reveals profit decline for Q4 2021 | EngadgetSamsung's memory and mobile divisions are still its biggest businesses..
Baca lebih lajut »