In some respects, I guess every airline deals with some sort of cancellations, as I experienced yesterday. And if you have had anything to do with the cancellations or the delays that this airline has experienced, they're up against a tough competition out there.
40% of the flights were delayed yesterday. And you're also looking at a group of customers, those that are still loyal, that are still flying Southwest, that are going to be able to continue to possibly stomach delays like this. And it's going to be a heavy, heavy lift. In Arkansas, the majority of Southwest flights. Southwest Airlines asked the Federal Aviation Administration to ground all of the airline’s departures after they reported intermittent technology issues on social media, and nearly 200 of. It may not be Bob Jordan's problem that they're in this mess, but he's the guy that's going to have to turn it around. The slew of flight cancellations by Southwest Airlines across the country continued Wednesday, with more than 2,500 flights grounded. I don't know if they're going to change this point-to-point system to a hub system like the other airlines.
#Southwest airlines flights grounded full#
But Bob Jordan, above all these CEOs, has his hands full because he's going to spend $1 billion upgrading the technical systems. They're all dealing with new pilot deals and huge demand. And so certainly, interesting to see what comes out next week. Certainly, an airline industry- interesting array of different companies that I think they'll report differently based upon consumer demand, based upon how exactly they're handling labor. Southwest sent us this statement by email. And so certainly, a company- as many airlines analysts here were expecting, a mixed bag for airlines. The airline briefly grounded all flights Tuesday morning due to technical issues and shares slumped lower. Analysts expect adjusted earnings per share to come in down $0.22 and revenue to come in $5.73 billion. Now, the company is expected to post earnings results next Thursday, I believe, the 27th.
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