Southwest Airlines 2021 Layoffs, Furloughs On Hold After President Signs Relief BillDallas-based Southwest Airlines says the new stimulus bill is helping the company to avoid employee pay cuts and furloughs.
CEO Says Southwest Needs Union Pay Cuts To Avoid FurloughsSouthwest Airlines will cut pay for nonunion workers in January and says union workers must also accept less pay or face furloughs next year as the pandemic continues to hammer the airline business.
Southwest Airlines CEO Gary Kelly Taking Pay Cut As Coronavirus Fears Cause Drop In BookingsSaying that the coronavirus has caused a severe recession in the airline industry, Southwest Airlines CEO Gary Kelly announced that he will take a 10% pay cut as fears about the virus spread and airline bookings continue to decline.
Southwest 3Q Profit Falls, 4Q Forecast Disappoints InvestorsSouthwest Airlines Co. says third-quarter profit fell 34 percent on falling fares and higher costs, and the company gave a weak revenue forecast for the rest of the year.
Pilots' Union Seeks Ouster Of Southwest CEO After IT OutagePilots' union leaders are asking Southwest to replace CEO Gary Kelly because of the technology outage that caused the airline to cancel or delay thousands of flights in July.
Southwest Airlines Still Dealing With Delays After OutageSouthwest passengers endured a third straight day of canceled and delayed flights as the airline struggled to resume normal operations on Friday.
Southwest Airlines CEO Gets Generous Pay Raise Southwest Airlines Co. earned a record profit last year and the CEO benefited with a 24 percent increase in compensation, to $5 million.
Southwest Profit Up On Higher Fares, Cheaper FuelAverage fares are rising on Southwest Airlines Co., the fuel bill is shrinking, and profit is soaring.