Southwest Airlines Flight Cancellations Mount as Summer Begins
Southwest Airlines (NYSE: LUV) has a flight cancellation problem.
As air travel demand has come roaring back in 2021, the low-fare airline giant has rapidly ramped up flight volumes. However, it has struggled to operate its schedule reliably in recent weeks, because of a combination of staffing shortages, an IT outage, and bad weather. If Southwest can't get its operations back on track quickly, the airline could squander the growth opportunities it has been pursuing over the past year.
Last month, Southwest Airlines canceled 2,687 flights, an average of about 90 per day. More than 34,000 of its flights were delayed. The carrier underperformed its top competitors by a wide margin on both metrics.
Source Fool.com
