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Non-Tech : Airline Discussion Board
JETS 20.27+0.5%May 24 4:00 PM EDT

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To: Sam who wrote (1796)3/14/2023 7:39:51 AM
From: Sam   of 1835
Southwest Airlines Unveils 3-part Plan To Avoid Snags That Disrupted Operations During Winter Storm Eliot -- MarketWatch
Dow Jones Newswires March 14, 2023 06:59:00 AM ET

Southwest Airlines Co. (LUV) on Tuesday unveiled a three-part Tactical Action Plan that aims to booster operational resiliency across the company. The move comes after the regional airline was forced to cancel thousands of flights due to a severe winter storm that other airlines were able to manage. Cascading cancellations left it without staff to man planes, leading to more cancellations and eventually to a far wider-than-expected first-quarter loss. The carrier is now planning to accelerate operations investments of more than $1.3 billion to upgrade crew optimization software and crew scheduling systems; it will purchase additional de-icing trucks and upgrade winter equipment and preparedness; and it will take steps to align various network planning and network operations control teams under one senior leader for better execution of operational plans. The announcement came ahead of a presentation at a JPMorgan conference later Tuesday. The stock rose 1.6% premarket, but has fallen 23% in the last 12 months, while the S&P 500 has fallen 7.6%.

-Ciara Linnane For more from MarketWatch:

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