Grounded jets ding Southwest’s stock price and could mean higher fares
In the past 2 months, Southwest Airlines’ stock price has fallen over 9%. That’s worse than the airline industry as a whole, and it’s one metric that reflects the costs of Southwest’s recent disruptions. First, it was bad weather, then a labour fight and, still underway, the grounding of the 737 Max aircraft. Southwest has canceled thousands of flights since mid-February. It stranded passengers across the country, took a hit on social media and sued its mechanics union to keep planes in service. Last week, Southwest moved proactively to suspend the Max from its schedule for another 2 months, until Aug 5. While the move is aimed at reducing the number of last-minute cancellations during summer travel, all the Southwest news has shaken Wall Street. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-04-17/unaligned/grounded-jets-ding-southwest2019s-stock-price-and-could-mean-higher-fares
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Grounded jets ding Southwest’s stock price and could mean higher fares
In the past 2 months, Southwest Airlines’ stock price has fallen over 9%. That’s worse than the airline industry as a whole, and it’s one metric that reflects the costs of Southwest’s recent disruptions. First, it was bad weather, then a labour fight and, still underway, the grounding of the 737 Max aircraft. Southwest has canceled thousands of flights since mid-February. It stranded passengers across the country, took a hit on social media and sued its mechanics union to keep planes in service. Last week, Southwest moved proactively to suspend the Max from its schedule for another 2 months, until Aug 5. While the move is aimed at reducing the number of last-minute cancellations during summer travel, all the Southwest news has shaken Wall Street. <br/>
