Dallas-based carrier Southwest estimated pretax losses of up to $825 million for the final quarter of 2022 amid thousands of holiday flight cancellations.
In a new filing with the Securities and Exchange Commission, the Dallas-based carrier estimated pretax losses from the disruption of $725 million to $825 million for the quarter. Of that, it expects to lose $400 million to $425 million in revenue directly from the flight cancellations.
The carrier said it canceled more than 16,700 flights between Dec. 21 and Dec. 31. The cancellations, initially driven by fierce winter storms, were compounded by an unprecedented internal breakdown of the company’s scheduling technology, which hobbled the carrier’s ability to recover, even as other airlines resumed service.The breakdown, during one of the busiest travel periods of the year, has drawn scrutiny from lawmakers and regulators.
On Thursday, Rep. Rick Larsen, and 25 members of the House Transportation and Infrastructure Committee
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