Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Southwest Airways warns workers of ‘powerful selections’ forward, Bloomberg reviews By Reuters

0


(Reuters) – Southwest Airways (NYSE:) has warned workers that it’s going to quickly make powerful selections as a part of a method to revive earnings and counter calls for from activist investor Elliott Funding Administration, Bloomberg Information reported on Saturday.

The airline is contemplating making adjustments to its flight routes and schedules to extend income, the report added, citing the transcript of a video message to workers by Chief Working Officer Andrew Watterson.

“I apologize prematurely in the event you as a person are affected by it,” Watterson mentioned, in line with the report, including that he did not provide any particulars on the pending strikes.

Southwest didn’t instantly reply to a Reuters request for remark.

The airline has been struggling to seek out its footing after the COVID-19 pandemic, partially because of Boeing (NYSE:)’s plane supply delays and industry-wide overcapacity within the home market.

© Reuters. FILE PHOTO: Southwest airline pilots approach to land at San Diego International airport in San Diego, California, U.S., May 18, 2023. REUTERS/Mike Blake/File Photo

It plans to supply assigned and extra-legroom seats to draw premium vacationers and begin in a single day flights. It’ll current the small print to buyers on Sept. 26.

Earlier this week, Reuters reported that Elliott, which owns 10% of Southwest’s frequent shares, instructed one of many firm’s prime unions it nonetheless needs to switch CEO Robert Jordan, even after the service pledged to shake up its board.



Leave a Reply

Your email address will not be published. Required fields are marked *