Southwest Airlines’ October flight cancellations cost carrier $75 million

A Southwest Airways Co. Boeing 737 passenger jet arrives at Halfway Worldwide Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021.

Luke Sharrett | Bloomberg | Getty Photographs

Southwest Airlines on Thursday reported a third-quarter revenue on Thursday due to a lift from federal payroll help however mentioned operational issues from understaffing for the aggressive progress it deliberate damage its backside line.

Dallas-based Southwest earlier this month cancelled greater than 2,000 flights between Oct. 8 and Oct. 13, blaming the problems on unhealthy climate in Florida, air site visitors management compounded by staffing shortages.

Southwest mentioned the disruptions price it $75 million from cancellations, buyer refunds and “gestures of goodwill.”

This is how Southwest carried out within the second quarter in contrast with what Wall Avenue anticipated, primarily based on common estimates compiled by Refinitiv:

  • Adjusted outcomes per share: a lack of 23 cents versus an anticipated lack of 27 cents.
  • Complete income: $4.68 billion versus anticipated $4.58 billion.

American Airlines is scheduled to report outcomes later Thursday morning.

That is breaking information. Verify again for updates.

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