LUV Jun 2023 25.000 put
| Previous Close | 0.2700 |
| Open | 0.2800 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 25.00 |
| Expire Date | 2023-06-16 |
| Day's Range | 0.2700 - 0.2800 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 4.3k |
- Reuters
Southwest, pilot union differ over causes for holiday meltdown
Southwest Airlines and its pilot union will offer sharply contrasting reasons for the low-cost carrier's meltdown in December that disrupted travel plans for two million customers, ahead of a U.S. Senate committee hearing on Thursday. While Southwest has cited weather impacts, the union will single out poor preparation and a failure to modernize technology, according to written testimonies for the hearing, seen by Reuters. It has also defended its computer system, saying the technology "worked as designed," while adding the airline has tapped General Electric Co to improve crew rescheduling capability and hired consultant Oliver Wyman, a unit of Marsh McLennan, to recommend operational changes.
- Reuters
Southwest to tell U.S. lawmakers 'we messed up' during holiday meltdown
WASHINGTON/CHICAGO (Reuters) -Southwest Airlines Chief Operating Officer Andrew Watterson will apologize on Thursday before a U.S. Senate committee over the holiday meltdown that led to the cancellation of 16,700 flights and pledge changes to ensure that there will be no repeats. In other written testimony seen by Reuters, Southwest Airlines Pilots Association (SWAPA) President Casey Murray will tell the committee that the low-cost carrier's "overconfidence" in planning and a "systemic failure to provide modern tools" were responsible for the December meltdown that the union said stranded 2 million passengers and is estimated to have cost it more than $1 billion.
- Reuters
UPDATE 2-Southwest to tell U.S. lawmakers 'we messed up' during holiday meltdown
Southwest Airlines Chief Operating Officer Andrew Watterson will apologize on Thursday before a U.S. Senate committee over the holiday meltdown that led to the cancellation of 16,700 flights and pledge changes to ensure that there will be no repeats. In other written testimony seen by Reuters, Southwest Airlines Pilots Association (SWAPA) President Casey Murray will tell the committee that the low-cost carrier's "overconfidence" in planning and a "systemic failure to provide modern tools" were responsible for the December meltdown that the union said stranded 2 million passengers and is estimated to have cost it more than $1 billion.
