Southwest Airlines ( (LUV) ) just unveiled an update.
On February 17, 2025, Southwest Airlines Co. announced a significant reduction in its corporate workforce, eliminating approximately 1,750 roles, or 15% of its corporate positions, as part of a transformational plan to enhance efficiency and agility. This unprecedented decision, aimed at reducing operating costs, is expected to generate substantial savings for the company, despite an initial one-time charge for severance and benefits, with expected savings of $210 million in 2025 and $300 million in 2026.
More about Southwest Airlines
Southwest Airlines Co. operates a major airline offering low-cost air travel and exceptional hospitality at 117 airports across 11 countries. Since its inception in 1971, Southwest has become a leader in nonstop flights within the United States, with a strong emphasis on customer satisfaction and a workforce of over 72,000 employees.
YTD Price Performance: -9.26%
Average Trading Volume: 7,390,788
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $17.95B
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