Southwest flight cancellations nightmare could cost more than $800 million

Monday, 06 Jan, 2023 0

Southwest Airlines’ flight cancellations meltdown could cost the airline as much as $825 million.

It could lead to a fourth quarter loss, the airline said

It said the financial hit to cancelling 16,000 flights will amount to between $725 million and $825 million.

It includes ticket refunds and compensation for added expenses.

Southwest shares have lost 8% of their value since the start of the flight cancellations.

The airline could also be hit with DOT fines.

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Ray Monty



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