Southwest projects more losses ahead due to operational meltdown

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Southwest projects more losses ahead due to operational meltdown
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Southwest Airlines reported a fourth quarter net loss Thursday, and warned that another loss is expected for the first quarter of fiscal 2023 due to its holiday operational meltdown.

But this problem, which isOn Thursday, Jordan also reiterated how "deeply sorry" he was to employees and customers for the meltdown, adding that the carrier has taken steps to "bolster our operational resilience and are undergoing a detailed review of the events."

Hundreds of Southwest Airlines checked bags are piled at baggage claim at Midway International Airport as Southwest continues to cancel thousands of flights across the country Wednesday, Dec. 28, 2022, in Chicago. The comments come just a day after the U.S. Transportation Department announced that it was investigating whether Southwest Airlines deceived customers by"DOT is in the initial phase of a rigorous and comprehensive investigation into Southwest Airlines’ holiday debacle that stranded millions," the department said in a statement.

A traveler waits outside the Southwest Airlines baggage office at Oakland International Airport in Oakland, Calif., Wed., Dec. 28, 2022."was thoughtfully designed" with "a solid plan to operate it, and with ample staffing." However, it pledged to cooperate with any government inquiries and is "focused on learning from this event" and reducing the risk of a repeat.

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