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Southwest Airlines was founded in 1966 by Herbert Kelleher and Rollin King, and incorporated as Air Southwest Co. in 1967.Three other airlines (Braniff, Trans-Texas Airways, and Continental Airlines) took legal action to try to prevent the company from its planned strategy of undercutting their prices by flying only within Texas and thus being exempt from regulation by the federal Civil ...
Southwest Airlines Co reported an annual loss of $3.1 billion on Thursday, its first since 1972, and said it was facing stalled demand in January and February driven by high levels of COVID-19 ...
Southwest Airlines reported a $3.1B annual loss, the company’s first annual loss since 1972. Southwest CEO Gary Kelly joins Yahoo Finance Live to weigh in on the latest financial results and ...
On October 5, 2020, chief executive officer (CEO) Gary C. Kelly announced pay cuts for non-union employees and senior management starting in 2021 to avert furloughs, and stated that Southwest would negotiate with its pilot and flight attendant unions for similar cuts, although the unions expressed opposition. [139]
However, the Consolidated Appropriations Act, 2021 was enacted on 27 December 2020, providing $15 billion in airline aid, and Southwest rescinded the furlough notices and pay cuts. [196] Southwest posted a US$3.1 billion loss for fiscal year 2020, the first time the airline had not turned an annual profit since 1972. [197]
The storm’s timing couldn’t have been worse. In late December of 2022, an “extratropical cyclone” brought all manner of menacing winter conditions to two-thirds of the U.S., including the ...
On February 18, 2020, Gary Kelly was named as the recipient of the 2020 Philanthropic Leadership Award from The Ireland Funds. [ 37 ] On October 25, 2021, Gary Kelly was the recipient of the 2021 Lifetime Achievement Award from 3BL Media.
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