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DALLAS, Feb. 17, 2025 /PRNewswire/ -- Southwest Airlines Co.   today announced a reduction in its workforce to create a leaner and more agile organization as part of the airline's transformational plan.The workforce reduction of approximately 1,750 Employee roles is focused almost entirely on corporate overhead and leadership positions and represents approximately 15% of corporate positions, including senior leadership and directors. Eleven senior leadership positions , also representing 15% of the Company's senior management committee, will be eliminated as part of this restructuring. Separations will be substantially complete by the end of second quarter 2025.This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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 Estimates Partial Year 2025 Savings to Be Approximately $210 Million and Full-Year 2026 Savings to Be Approximately $300 Mln","url":"https://stock-news.laohu8.com/highlight/detail?id=2512979562","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512979562?lang=en_us&edition=fundamental","pubTime":"2025-02-18 06:19","pubTimestamp":1739830782,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250217:nFWN3P80VU:3","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4500","BK4588","BK4008","BK4585","LUV"],"gpt_icon":0},{"id":"2512979560","title":"Southwest Airlines Co - 11 Leadership Positions Also Representing 15% of Senior Management Committee, Will Be Eliminated as Part of This Restructuring","url":"https://stock-news.laohu8.com/highlight/detail?id=2512979560","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512979560?lang=en_us&edition=fundamental","pubTime":"2025-02-18 06:19","pubTimestamp":1739830782,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250217:nFWN3P80VU:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4500","BK4588","LUV","BK4585","BK4008"],"gpt_icon":0},{"id":"2512872979","title":"Southwest Airlines: Reduction Affects Approximately 1,750 Employee Roles, or 15% of Corporate Positions","url":"https://stock-news.laohu8.com/highlight/detail?id=2512872979","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512872979?lang=en_us&edition=fundamental","pubTime":"2025-02-18 06:19","pubTimestamp":1739830782,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250217:nFWN3P80VU:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4588","BK4008","LUV","BK4500","BK4585"],"gpt_icon":0},{"id":"2512976207","title":"BRIEF-Southwest Airlines To Cut 15% Of Corporate Jobs In Cost-Saving Push - CNBC","url":"https://stock-news.laohu8.com/highlight/detail?id=2512976207","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512976207?lang=en_us&edition=fundamental","pubTime":"2025-02-18 06:04","pubTimestamp":1739829856,"startTime":"0","endTime":"0","summary":"BRIEF-Southwest Airlines To Cut 15% Of Corporate Jobs In Cost-Saving Push - CNBCFeb 17 (Reuters) - SOUTHWEST AIRLINES TO CUT 15% OF CORPORATE JOBS IN COST-SAVING PUSH - CNBCSource text: https://tinyurl.com/29kpnpnvFurther company coverage: LUV.N ((Reuters.Briefs@thomsonreuters.com;;))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250217:nFWN3P80XF:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4008","BK4588","LUV","BK4585","BK4500"],"gpt_icon":0},{"id":"2512097647","title":"Southwest Airlines to Cut 15% of Corporate Jobs in Cost-Saving Push - CNBC","url":"https://stock-news.laohu8.com/highlight/detail?id=2512097647","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512097647?lang=en_us&edition=fundamental","pubTime":"2025-02-18 06:02","pubTimestamp":1739829736,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250217:nFWN3P80XF:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4008","BK4500","BK4585","BK4588","LUV"],"gpt_icon":0},{"id":"2512976400","title":"Southwest Airlines to Slash Corporate Workforce in First Mass Layoff -- WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2512976400","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512976400?lang=en_us&edition=fundamental","pubTime":"2025-02-18 06:00","pubTimestamp":1739829600,"startTime":"0","endTime":"0","summary":"Southwest Airlines is slated to shed 15% of its corporate workforce, eliminating about 1,750 jobs in an effort to cut costs and streamline the carrier's operations.The cuts are a first for Southwest, which hadn't previously conducted a mass layoff in its 53-year history. They mark one of the most tangible signs of a shift in the airline's practices after a battle with activist investor Elliott Investment Management last year.But after a hiring spree in recent years, the airline -- long known for keeping costs down -- has been facing pressure from investors to rein in expenses. Even as travel appetite has surged, the airline's labor costs have increased due, in part, to new agreements with unions and other inflationary pressures have weighed on its profit margins. Chief Executive Bob Jordan said last month that corporate overhead has \"grown at a faster rate than the rest of the airline\" as it staffed up.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4008","BK4588","BK4500","BK4585","LUV"],"gpt_icon":0},{"id":"2511502953","title":"Why the model for low-cost airlines may be 'evaporating'","url":"https://stock-news.laohu8.com/highlight/detail?id=2511502953","media":"Yahoo Finance","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2511502953?lang=en_us&edition=fundamental","pubTime":"2025-02-16 23:37","pubTimestamp":1739720233,"startTime":"0","endTime":"0","summary":"How bleak is the future for low-cost airlines?For decades, budget carriers successfully offered travelers no-frills, cheap flights. But that scrappy business model is now eroding as costs soar and passengers opt for more comfortable seats and spacious upgrades.Frontier's first takeover bid in 2022, for $2.9 billion in cash and stock, was foiled by a $3.8 billion offer from rival JetBlue . Spirit filed for bankruptcy in November after a federal judge sided with the Justice Department to block its tie-up with JetBlue.The low-cost carrier model works by offering cheaper seats than traditional airlines to domestic and near-US destinations while charging fees for items like checked bags, seating selection, and snacks or drinks. Often, the airlines will use secondary airports with lower landing fees, such as Long Beach Airport in Los Angeles instead of LAX.But between increased competition from traditional carriers in domestic routes and rising labor and maintenance costs, the low-cost model","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/why-the-model-for-low-cost-airlines-may-be-evaporating-153713130.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["JBLU","LUV","DAL","UAL"],"gpt_icon":0},{"id":"2511402896","title":"The Trader: Southwest Airlines Stock Has Lagged Competitors. Time for a Catch-Up Trade. -- Barron's","url":"https://stock-news.laohu8.com/highlight/detail?id=2511402896","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2511402896?lang=en_us&edition=fundamental","pubTime":"2025-02-15 10:30","pubTimestamp":1739586600,"startTime":"0","endTime":"0","summary":"Southwest Airlines stock hasn't arrived at the same destination its peers have. Management is taking steps that should enable shares to make the journey.Forget turbulence. Airline stocks have been among the market's top performers over the past 12 months. The U.S. Global Jets exchange-traded fund has gained 30% in the past year, led by gains in United Airlines, Delta Air Lines, and Alaska Air Group. The industry has benefited from better-than-expected earnings, as travel demand continues to grow long after the pandemic.Southwest stock, however, has taken a very different journey. The company has missed analyst's earnings forecasts four times in the past 10 quarters and missed sales expectations half the time. As a result, profit projections keep dropping, pulling shares down with them. The stock has dropped about 13% in the past year, to a recent $29.93.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4588","BK4585","ALK","BK4500","LUV","BA","BK4008","UAL","DAL"],"gpt_icon":1},{"id":"2511643987","title":"Southwest Airlines Co. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains","url":"https://stock-news.laohu8.com/highlight/detail?id=2511643987","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2511643987?lang=en_us&edition=fundamental","pubTime":"2025-02-15 06:10","pubTimestamp":1739571000,"startTime":"0","endTime":"0","summary":"This article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Southwest Airlines Co.  advanced 1.17% to $30.28 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index  falling 0.01% to 6,114.63 and Dow Jones Industrial Average  falling 0.37% to 44,546.08.This was the stock's third consecutive day of gains.Southwest Airlines Co. closed 16.17% short of its 52-week high of $36.12, which the company reached on December 5th.The stock underperformed when compared to some of its competitors Friday, as Delta Air Lines Inc.  rose 2.08% to $65.39, United Airlines Holdings Inc.  rose 3.34% to $104.26, and American Airlines Group Inc.  rose 1.46% to $15.97.Trading volume  remained 736,847 below its 50-day average volume of 7.7 M.Data source: Dow Jones Market Data, FactSet. Data compiled February 14, 2025.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is pub","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LUV"],"gpt_icon":0}],"pageSize":16,"totalPage":13,"pageCount":6,"totalSize":200}]}}