financetom
Business
financetom
/
Business
/
Update: Southwest Airlines Lowers Pilot Jobs in Denver, Atlanta
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Southwest Airlines Lowers Pilot Jobs in Denver, Atlanta
Jan 21, 2025 11:48 AM

02:27 PM EST, 01/21/2025 (MT Newswires) -- (Updates with changes throughout the story and company's response in the last paragraph.)

Southwest Airlines ( LUV ) said Tuesday it is removing 270 pilot positions in Denver and Atlanta as part of ongoing efforts to increase efficiency.

The airline will remove 155 pilot roles in Denver, but is not planning to trim flights there, except for overnight operations. Affected pilots will be offered positions at other Southwest Airlines ( LUV ) bases, the company said.

In Atlanta, 115 pilot jobs are being moved, fewer than 140 expected in September when the company announced to cut nearly one-third of its flights from the city, according to multiple media reports.

Southwest ( LUV ) shares were up 2% in recent trading.

"The modest reductions to our crew bases in Atlanta and Denver are part of our previously announced strategy to efficiently maximize the revenue-generating potential of our fleet and accommodate customer demand," a Southwest Airlines ( LUV ) spokesperson told MT Newswires. "Employees will transfer to other bases and no reductions in force have occurred."

Price: 32.82, Change: +0.71, Percent Change: +2.23

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved