Southwest Airlines will share about $125 million from a Boeing settlement with its workers.
News headlines today: Dec. 12, 2019DALLAS -- Southwest Airlines will share about $125 million with its employees after reaching a partial settlement with Boeing over damages from the grounding of the airplane maker's 737 Max.
The Dallas carrier has been among the hardest hit by the grounding of the Max in March after a pair of deadly crashes in Indonesia and Ethiopia. Without the planes, Southwest has been canceling about 175 flights each weekday. Southwest had 34 Max planes when they were grounded and expected more to be delivered this year.
The airline said Thursday that money given to employees will be funded as part of its annual 2019 profit sharing distribution next year. “However, this agreement doesn't get anywhere close to compensating the very real and significant losses SWAPA plots and other employees have experienced and continue to experience as a result of Boeing's negligence and fraud,” Weaks said.
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