Should Southwest Airlines File Chapter 11 Bankruptcy?
According to an article in the Dallas Morning News, Southwest Airlines Co. has reported a loss of $16 million in the past three months. Southwest CEO, Gary Kelly cited special items such as employee reductions and fuel hedging as the cause of their financial losses.
The article said:
“The results included $66 million for the costs of an early-out program in which 1,400 employees accepted an offer to leave the company, or $27 million net of …
Tags: Southwest Airlines
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