Who is the new CEO of Southwest Airlines?
Who is the new CEO of Southwest Airlines? Bob Jordan serves as President & Chief Executive Officer at Southwest Airlines.
Why did Southwest collapse?
A massive winter storm caused the initial flight disruptions, but it was the company's internal software systems that seem to have turned a normal problem into an astonishing disaster. Many airlines use a hub and spoke system, routing flights through a few big airports to cut costs.
Who was the second CEO of Southwest Airlines?
In March 2001, Kelleher stepped down as CEO and president of Southwest. He passed the CEO role onto James Parker and the president role to Colleen Barrett, although he remained chairman.
Who is the female CEO of Southwest Airlines?
Colleen C. Barrett (born September 14, 1944) is the President Emerita of Southwest Airlines, and an influential figure in the founding and development of the company. In 2001 she became the first woman to serve as president of a major airline.
Is Southwest in debt?
Strong Balance sheet: Southwest's total debt and operating lease liabilities stood at $9.3 billion as of June 30, 2023, down from a peak of $13.3 billion during the pandemic. Total debt remains well below Southwest's total cash and short-term investments of $12.2 billion.
Why did Southwest cancel 70% of their flights?
Most major airlines canceled or delayed flights, but Southwest Airlines canceled at least 70% of its flights Monday -- more than 2,600 -- due to a reported system meltdown. The chaos continued Tuesday, with the airline canceling 62% of flights for the day and canceling 62% of flights on Wednesday.