Southwest Airways shares tumble after mass flight cancellations, service weighs extra cuts

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Passengers queue up on the ticketing counter for Southwest Airways Sunday, Oct. 10, 2021, in Eppley Airfield in Omaha, Neb.

David Zalubowski | AP

Southwest Airlines shares tumbled greater than 3% in premarket buying and selling Monday after canceling greater than 2,000 flights since Saturday, disrupting the journey plan of hundreds of individuals.

Southwest canceled 347 flights on Monday, down from 1,124 on Sunday, which was 30% of its schedule, based on flight-tracking web site FlightAware.ย 

The airline has already mentioned it might trim its fall schedules to keep away from cancellations and delays that plagued its operation throughout the summer season. Now the airline is weighing whether or not it wants to chop extra.

The Dallas-based airlineโ€™s president, Mike Van de Ven advised workers late Sunday that Southwest continues to be short-staffed and โ€œweโ€™ll have to proceed to regulate our schedules as this surroundings evolves.

โ€œWe have already made important reductions from our beforehand revealed November and December schedules, and if we expect we have to do extra, weโ€™ll,โ€ Van de Ven mentioned in a recorded message to staff, which was reviewed by CNBC.

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