{"id":130805,"date":"2023-01-06T07:57:08","date_gmt":"2023-01-06T07:57:08","guid":{"rendered":"https:\/\/fin2me.com\/?p=130805"},"modified":"2023-01-06T07:57:08","modified_gmt":"2023-01-06T07:57:08","slug":"southwest-to-review-meltdown-after-union-criticizes-lack-of-plan","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/southwest-to-review-meltdown-after-union-criticizes-lack-of-plan\/","title":{"rendered":"Southwest to review meltdown after union criticizes lack of plan"},"content":{"rendered":"

<\/picture> video<\/span> <\/p>\n

Buttigieg: We will be holding Southwest Airlines accountable<\/h2>\n

Rep. Nancy Mace discusses the Southwest Airlines meltdown and how Pete Buttigieg responded to the matter on \u2018Maria Bartiromo\u2019s Wall Street.\u2019<\/p>\n

Southwest Airlines is vowing to take steps to prevent a repeat of the holiday meltdown that stranded thousands of passengers.<\/p>\n

The company promised on Thursday to conduct a thorough review of an operational collapse at the end of the year.<\/p>\n

The pledge came after a union leader said the carrier had not identified how to avoid a repeat.<\/p>\n

Tom Nekouei, vice president of the airlines' pilots association, told Reuters he was on a conference call with Chief Executive Bob Jordan on Monday to discuss the disruption that forced the cancelation of nearly 16,000 flights.<\/p>\n

SOUTHWEST AIRLINES PASSENGER SUES AIRLINE FOR FAILING TO OFFER 'PROMPT REFUNDS' AFTER TRAVEL MELTDOWN<\/strong><\/p>\n

<\/picture>\n

Cancelled Southwest Airlines flights are seen in red on the departures flight schedules at the Southwest terminal at the Los Angeles International Airport on Dec. 27.\u00a0<\/span> (AP\/Damian Dovarganes \/ AP Newsroom)<\/span><\/p>\n

At that time, Jordan said the company had not yet identified a corrective plan of action to avoid a repeat of a cascade of flight cancelations.<\/p>\n

"They don't know what it is that they're going do in terms of corrective action because they haven't sat down and run the post-mortem on it," he told Reuters.<\/p>\n

The pilots union estimates the flight cancelations could cost up to $1 billion in lost revenue.<\/p>\n

Brokerage Raymond James estimated the meltdown could cut Southwest's projected revenue growth by more than half in the fourth quarter.<\/p>\n

EXPERT SOUNDS ALARM ON SOUTHWEST AS MANY PASSENGERS STILL AWAIT LOST BAGS<\/strong><\/p>\n

<\/picture>\n

Southwest Airlines created a “real cocktail for confusion” after a winter holiday scheduling meltdown, Boyd Group International aviation expert Mike Boyd said on “Varney & Co.”<\/span> (Getty Images)<\/span><\/p>\n

Southwest is also facing regulatory scrutiny and a lawsuit.<\/p>\n

Jordan said the airline had made "great progress" in processing tens of thousands of refunds and reimbursements. It had also delivered the vast majority of bags, which went missing, to customers, he said.<\/p>\n

Southwest unions have blamed the company's "outdated" technology and processes for the biggest operational meltdown in its five-decade history.<\/p>\n

PETE BUTTIGIEG CALLS OUT SOUTHWEST AIRLINES IN LETTER, LAYS OUT PRIORITIES<\/strong><\/p>\n

<\/picture>\n

A traveler waits outside the Southwest Airlines baggage office at Oakland International Airport in Oakland, California, Wednesday, Dec. 28, 2022.<\/span> (\u00a0David Paul Morris\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n

Nekouei said the company's failure to revamp its dated scheduling system that sends crews around the country as passengers for their flying assignments left it vulnerable to "more frequent and more severe" meltdowns. <\/p>\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
LUV<\/td>\nSOUTHWEST AIRLINES CO.<\/td>\n33.53<\/td>\n-0.09<\/td>\n-0.27%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Jordan said the company spends about $1 billion a year on technology and will continue to upgrade the tools and processes its employees use.<\/p>\n

Reuters contributed to this report.<\/i><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

video Buttigieg: We will be holding Southwest Airlines accountable Rep. Nancy Mace discusses the Southwest Airlines meltdown and how Pete Buttigieg responded to the matter […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nSouthwest to review meltdown after union criticizes lack of plan - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/southwest-to-review-meltdown-after-union-criticizes-lack-of-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Southwest to review meltdown after union criticizes lack of plan - Fin2me\" \/>\n<meta property=\"og:description\" content=\"video Buttigieg: We will be holding Southwest Airlines accountable Rep. 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