CORRECTED-Southwest asks unions to start considering post-aid concessions [Reuters]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: Reuters
Southwest asks unions to start considering post-aid concessions (Reuters) - Southwest Airlines Co ( LUV.N ) has approached unions representing pilots, flight attendants, mechanics and other employees to discuss potential concessions to prepare for a slow industry recovery, a company official told Reuters on Thursday. Southwest, with about 60,000 employees, is set to receive $4 billion in federal payroll aid under the CARES Act, which prohibits any involuntary furloughs or pay cuts until Sept. 30. But with travel at a virtual standstill, airlines have warned they may need to shrink come October. In its 49-year history, Southwest has never had any pay cuts, layoffs or furloughs, even following the Sept. 11, 2001 attacks and the 2009 financial crisis. “This is just beyond anything we’ve ever experienced,” said Russell McCrady, its vice president for labor relations. “There are no plans sitting on a desk at the company for anybody to be furloughed, but we’re trying to take advantage of
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LUV
Earnings
- 10/22/25 - Beat
LUV
Sec Filings
- 12/5/25 - Form 8-K
- 11/3/25 - Form 8-K
- 10/28/25 - Form 424B5
- LUV's page on the SEC website