Southwest Airlines expects to report net loss in Q4 after mass cancellations By Reuters


© Reuters. FILE PHOTO: Southwest customers visit the help desk after U.S. airlines, led by Southwest, canceled thousands of flights due to a massive winter storm which swept over much of the country before and during the Christmas holiday weekend, at Dallas Love Fie

(Reuters) – Southwest Airlines (NYSE:) Co said on Friday it expects to report a net loss in the fourth quarter after a technological meltdown due to a winter storm forced the U.S. carrier to cancel thousands of flights around Christmas and New Year’s Eve.

The largest U.S. domestic carrier, which typically has an aggressive schedule that connects vast swathes of the country, scrapped more than 13,000 flights from Dec. 24 to Dec 31, according to airline-tracking website FlightAware.

The Dallas-based airline relies on a point-to-point service instead of operating out of large hubs that made it difficult for crews to reassemble disrupting operations.

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