- Southwest Airlines Co (NYSE:LUV) restored to more-normal operations this weekend after a cascade of flight cancellations over the holidays.
- The airline canceled a few flights on Saturday and Sunday—less than 1% of what it had scheduled each day, according to FlightAware.
- Citing in part early-morning fog in Chicago and heavy snowfall in Denver, Southwest canceled roughly 190 flights Monday, or about 4% of what it had planned, according to FlightAware.
- Related: Southwest’s Holiday Chaos Will Affect Q4 Earnings.
- “We’re operating a normal schedule today and are pleased with the operational performance over the past few days,” a spokeswoman said.
- While that storm created problems for all airlines, Southwest canceled far more flights, with 16,000 flights between December 22 – December 29, and was much slower than others to recover, writes Wall Street Journal.
- The airline recruited volunteers to help process customer refunds and sort the missing bags with the help of United Parcel Service Inc (NYSE:UPS) and FedEx Corporation (NYSE:FDX) to transport lost luggage.
- Southwest has apologized and pledged to refund flights and reimburse customers.
- Southwest said it was monitoring the impact of the slowdown on its operations and would work to minimize customer disruptions.
- The carrier is still being tested by weather, air-traffic-control computer issue in Florida.
- The Federal Aviation Administration said the problem had been resolved.
- The issue was the latest problem to cripple U.S. travel after a massive winter storm during the Christmas holiday season.
- Price Action: LUV shares are up 0.77% at $33.93 during the premarket session on the last check Tuesday.
BMO Capital Maintains Outperform on NiSource, Raises Price Target to $34
BMO Capital analyst James Thalacker maintains NiSource (NYSE:NI) with a Outperform and raises the price target from $32 to $34.
