Southwest Airlines' streak of no layoffs, a longtime bragging point for company executives, may come to an end in early 2021. The nation's largest airline on Thursday sent warnings to nearly 7,000 workers about potential reductions.
Southwest Airlines warned nearly 7,000 workers on Thursday that they could lose their jobs unless labor unions accept concessions to help the airline cope with a sharp drop in travel caused by the pandemic.
American Airlines and Southwest Airlines both reported billions of dollars in losses Thursday, but that's what passes for an improvement in the battered industry these days.
A man on a Southwest Airlines flight from Ft. Lauderdale to St. Louis on Thursday gets VIP treatment as the lone passenger on the plane. “It's a very, very, very unique experience.”
Berkshire Hathaway sold nearly $400 million of stock of the two airlines over Wednesday and Thursday. It no longer owns more than 10% of Delta or Southwest.