Southwest scrapped more than 2,700 flights Monday, as the Dallas-based airline proved unable to stabilize its operations and stem its problems after canceling thousands of flights over the Christmas weekend.
Southwest Airlines Co. canceled about two-thirds of its flights Monday, in a meltdown that stranded thousands of customers and that worsened while other airlines began to recover from the holiday winter storm.
Southwest’s LUV, +1.78% more than 2,700 scrapped flights Monday, the highest of any major U.S. airline, came as the Dallas-based airline proved unable to stabilize its operations and stem its problems after canceling thousands of flights over the Christmas weekend.
Senior Southwest executives spent much of the weekend, including Christmas Day, meeting to work through the problems, people familiar with the matter said. But their efforts failed to get the airline back on course. The woes were due to a combination of the location of bad weather, the setup of Southwest’s flight routes and, managers and union leaders said, execution challenges including a crew scheduling system that was overwhelmed by and buckled under the volume of changes.SPAC boom ends in frenzy of liquidation
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