Southwest Airlines is warning Wall Street to expect the company's financials will take a big hit because of this week's scheduling melt-down that it has smudged Southwest's reputation with the flying public.
In a phone call with reporters Thursday, Chief Commercial Officer Ryan Green said the Southwest is "working through all the financial elements of this. We'll share that information when we have all that compiled and are ready to do that."
Some Wall Street analysts are saying the mess could whittle away as much as nine percent of Southwest's fourth-quarter earnings. It's already caused a hit on the company's stock price.
In early December, Southwest shares stood at $39.75. At the close yesterday, it was down to $33.38, a 16% drop in less than a month.
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