Southwest Puts Initial Cost of Meltdown at Up To $825 Million
Southwest Airlines has put an initial number to the losses incurred during its holiday meltdown: a $725-825 million hit to its pre-tax income in the fourth quarter. That number includes both $400-425 million in lost revenue and added costs, for example reimbursing people for alternative travel costs.
As a result of the meltdown that the Dallas-based airline said Friday resulted in the cancellation of
