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Southwest Airlines sued by shareholders following operational meltdown
Buttigieg: We will be holding Southwest Airlines accountable
Rep. Nancy Mace discusses the Southwest Airlines meltdown and how Pete Buttigieg responded to the matter on ‘Maria Bartiromo’s Wall Street.’
Southwest Airlines shareholders filed a lawsuit against the Texas-based carrier on Thursday, claiming that it downplayed and failed to disclose issues about outdated technology that left it vulnerable during adverse weather conditions.
The lawsuit is the latest sign that Southwest continues to reel from an operational meltdown that resulted in nearly 17,000 canceled flights over the chaotic holiday travel season and, is expected to cost the airline as much as $825 million.
In court documents, filed in Houston, shareholders claim that "Southwest Airlines continuously downplayed or ignored the serious issues with the technology it used to schedule flights and crews, and how it stood to be affected worse than other airlines in the event of inclement weather."
SOUTHWEST AIRLINES PROMOTES EXECUTIVES FOLLOWING OPERATIONAL MELTDOWN