NOSE DIVE: Major airline stock falls as delays, and cancellations continue
and unlike other large U.S. carriers, it relies more on point-to-point service instead of operating out of large hubs. That leaves its staff vulnerable to being stranded in case of disruptions.
"We expect Southwest to call out the impact as it was worse than the industry and likely hurt earnings more than a 'normal' storm," Cowen analyst Helane Becker said in a note. "The other airlines likely had manageable cancellations and delays, and actually appear to have recovered ." Travelers wait at a Southwest Airlines baggage counter to retrieve their bags after canceled flights at Los Angeles International Airport, Monday, Dec. 26, 2022, in Los Angeles.
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