Southwest Airlines, Co. operates Southwest Airlines (Southwest) and AirTran Airways (AirTran), passenger airlines that provide scheduled air transportation in the United States and near-international markets.
Southwest Airlines (LUV) is beginning to show its age as the carrier gets hit with the types of labor troubles and operational complexities that is once easily steered clear from, according to a WSJ report.
Higher fuel costs have cut into profits on short-haul flights for Southwest and prompted it to look to cut costs elsewhere.
Organized labor has been more aggressive in taking on Southwest to create some customer service issues for the company.
Airlines have cancelled over 500 flights for today as the freezing weather continues relentlessly. The latest storm has dumped snow on the Midwest and is expected to be similarly beneficent to the Northeast and mid-Atlantic states.
The latest cancellations add to 1,379 flights that were scrubbed for the President's Day holiday yesterday and over 4,440 that were delayed. More than 7,500 flights were scrapped on February 13.
Janet Yellen's appearance before the Senate Banking Commitee, which was scheduled to take place today, has been postponed, due to a heavy snow storm that's hitting the south and the east. A new date for Yellen's testimony wasn't provided.
Southwest Airlines (LUV +3.2%) has won 54 landing slots at Reagan National Airport, according to CNBC.
Earlier in the day, JetBlue nabbed 12 slots. Both carriers are filling in the D.C. void left when the DOJ forced American Airlines and U.S. Airways to lighten their flight load at Reagan before merging.