Investment and credit firms tracking Dallas-based Southwest Airlines think the carrier will upgrade its technology, but the company’s stock has already...
has regained most of the value it lost on Wall Street when its operations cratered in late December and left hundreds of thousands of passengers without flights around Christmas.and a customer backlash in the next few months, investment groups are calling Southwest’s problems “manageable” and that management is “up to the task” of fixing a reputation battered by the worst operational meltdown in the Dallas-based company’s 51-year history.
asked Southwest Airlines how it plans to correct the problems that led to the flight cancellation meltdown, adding pressure from the country’s third-largest public pension system and holder of more than 1.3 million shares in the company. “So, there is work ahead, but we intend to move through that very swiftly,” Jordan wrote. “What we learn will inform our efforts that are already underway to modernize the operation. The actions will be based on facts, data, and insights, and a very thorough 360-degree analysis.”
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Will Southwest Airlines’ meltdown crash the airline’s 51-year reputation?While it threatens the Dallas-based company’s stature as one of America’s most beloved airlines, experts and analysts agree: Southwest holds the cards to own...
Read more »
Southwest Airlines, flaws and all, is still superior to the high-speed rail projectThe implication was that California’s rail project would be a superior alternative to that offered by airlines.
Read more »
Southwest Airlines promotes network planning executive to broader roleSouthwest Airlines Co. late Monday announced a slew of promotions and re-arrangements, including the promotion of its vice president of network planning,...
Read more »
Southwest Airlines reshuffles senior management rolesSouthwest Airlines Co said on Monday it made leadership changes across several departments in a bid to strengthen operations amid a recent technology meltdown that forced the carrier to cancel more than 16,700 flights.
Read more »
Top Wall Street analysts pick these stocks to celebrate the new yearTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple and Bumble.
Read more »
Asian shares track Wall Street rally tipped by slowing U.S. wagesGains in technology shares boosted benchmarks in South Korea, Hong Kong and Taiwan. Japan's markets were closed for a holiday.
Read more »