Southwest CEO: Airline will be ‘drastically smaller’ if business doesn’t improve soon

Southwest Airlines may have to force cuts in pay and benefits to avoid involuntary furloughs if air travel doesn’t improve dramatically in the coming months, CEO Gary Kelly said in a video to employees Thursday.

Dallas-based Southwest has suspended more than half of its flights and plans to drop more in the coming weeks. Kelly said the airline will lose more than $1 billion in revenue in April because of the COVID-19 downturn.

“If things don’t change dramatically over the May-June-July time periods, we’ll have to prepare ourselves for a drastically smaller airline,” Kelly said. “Life can be very humbling and as I’ve said several times, we’ll have to be prepared for every possible scenario.”…

Compartir noticia:
Biblioteca Virtual