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Stock impact report

Southwest vows investigation into grounded planes amid talks with mechanics [Reuters]

Southwest Airlines Company (LUV) 
Last southwest airlines company earnings: 4/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.southwest.com
Company Research Source: Reuters
Southwest vows investigation into grounded planes amid talks with mechanics (Reuters) - A top Southwest Airlines Co executive said the low-cost carrier would investigate why the number of aircraft unable to fly due to mechanical issues had doubled in recent days, causing flight delays and cancellations. “AMFA has a history of work disruptions, and Southwest has two pending lawsuits against the union,” Chief Operating Officer Mike Van de Ven said in a statement. Aircraft Mechanics Fraternal Association (AMFA) represents about 2,400 mechanics who maintain the carrier’s Boeing 737 fleet. Southwest has been in negotiations with the union representing its mechanics for six years. Van de Ven said the disruption had arisen despite no change to the low-cost carrier’s maintenance programs, leadership, policies or procedures. “We will be investigating this current disruption and exploring all possible remedies,” Van de Ven said. Flight cancellations by Southwest accounted for roughly 24 percent Show less Read more
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