Southwest Airlines makes drastic cost-cutting decision
The airline is proving that it is serious about cutting costs amid recent headwinds.
Southwest Airlines (LUV) , the fourth-largest airline in the U.S., is on a strict road to recovery after facing significant reputational and financial headwinds over the last few years.
In December 2022, when a major winter storm caused travel disruptions, Southwest Airlines was forced to cancel over 16,900 flights, leaving more than 2 million travelers stranded.
