Southwest limits canceled flights after 3 tumultuous days

→ Mysterious Gold Leverage Just Announced (From Stansberry Research) (Ad)

In this July 2, 2021, file photo, a Southwest Airlines jetliner taxis down a runway for take off from Denver International Airport in Denver. Southwest Airlines canceled hundreds more flights Monday, Oct. 11, 2021 following a weekend of major service disruptions. By midmorning Monday, Southwest had canceled about 360 flights and more than 600 others were delayed. (AP Photo/David Zalubowski, File)

DALLAS (AP) — Southwest Airlines flights appeared to be running closer to normal on Tuesday after the airline canceled nearly 2,400 flights over the previous three days.

By midday Tuesday, Southwest had canceled fewer than 100 flights, or 2% of its schedule, according to tracking service FlightAware. More than 400 other flights were running late.

Southwest maintains that bad weather and air traffic control issues in Florida on Friday triggered cascading failures in which planes and pilots were trapped out of position for their next flight. The crisis peaked on Sunday, when Southwest canceled more than 1,100 flights, or 30% of its schedule.

“When you get behind, it just takes several days to catch up,” CEO Gary Kelly said Tuesday on CNBC. “We were significantly set behind on Friday.”

Casey Murray, the president of the pilots' union at Southwest, blames the airline for poor planning. He told The Associated Press that flaws in the airline's crew-scheduling system made it hard to staff flights and allowed a minor setback to become a meltdown.

Southwest had already trimmed its fall schedule after widespread cancellations and delays over the summer. The airline thought those reductions had helped, but the weekend debacle is causing it to consider further reductions in schedules for November and December.

The flight disruptions began shortly after the union for Southwest's 9,000 pilots asked a federal court to block the airline’s order that all employees get vaccinated against COVID-19. The union argued that Southwest should negotiate terms of such a mandate.

Both Southwest and the union deny that the flight disruptions were due to a protest sickout or slowdown by employees. Kelly and Murray both said that absentee rates over the weekend were normal, although they did not provide numbers.

Shares of Dallas-based Southwest Airlines Co. rose 1% in midday trading after falling 4% on Monday.

→ Mysterious Gold Leverage Just Announced (From Stansberry Research) (Ad)

Should you invest $1,000 in Southwest Airlines right now?

Before you consider Southwest Airlines, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southwest Airlines wasn't on the list.

While Southwest Airlines currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Southwest Airlines (LUV)
4.4135 of 5 stars
$26.69-8.9%2.70%35.59Hold$31.82
Compare These Stocks  Add These Stocks to My Watchlist 


Featured Articles and Offers

Search Headlines: