Southwest Airlines is planning to reduce service to and from Atlanta next year, CNBC’s Leslie Josephs reports. The carrier said it could cut more than 300 pilot and flight attendant positions, according to a memo seen by CNBC. Southwest told staff it isn’t laying the crews off and isn’t closing its crew base in Atlanta, but those staff members will likely have to bid to work from other cities. “Although we try everything we can before making difficult decisions like this one, we simply cannot afford continued losses and must make this change to help restore our profitability,” Southwest said in its memo. “This decision in no way reflects our Employees’ performance, and we’re proud of the Hospitality and the efforts they have made and will continue to make with our Customers in ATL.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV:
- Southwest issues response to Elliott shareholder letter
- Elliott intends to call Southwest special meeting in coming weeks
- Southwest Airlines (NYSE:LUV) Announces “Difficult Decisions” To Come
- Southwest warns of ‘difficult decisions’ to restore profits, Bloomberg says
- Southwest warns of ‘difficult decisions’ to restore profits, Blomberg says