Southwest Airlines Stock Falls After Hit From Holiday Meltdown -- WSJ

The Wall Street Journal · 01/06/2023 10:13

By Charley Grant

The bill is coming due for Southwest Airlines. That means a down day for shareholders.

The airline said it expects (https://www.wsj.com/articles/southwests-december-meltdown-to-cause-quarterly-loss-11673007141?mod=hpleadpos1) to book a fourth quarter loss due to its operational meltdown over the holidays. Southwest will take a hit of $725 million to $825 million on a pretax basis from a loss in revenues and higher expenses to reboot its operations.

Southwest stock was down 1% in Friday morning trading. Shares have lost about about 8% since December 23, the final trading session before the Christmas holiday.

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January 06, 2023 10:13 ET (15:13 GMT)