Southwest Airlines Stock News

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Southwest Airlines has been known for its affordable flights and fun personality since 1971. The airline laid off 15% of its headquarters staff in February, the first mass layoff in company history.

A Southwest Airlines jet was forced to abort a landing at Chicago Midway on Tuesday after a business jet entered the runway without authorization, the Federal Aviation Administration said.

Southwest Airlines' first company-wide layoffs in its nearly 54-year history are aimed at shoring up profits, but they run the risk of undermining a company culture of putting employees first that made it stand out from rivals and cultivated a loyal fan base.

In total, 1,750 jobs will be affected, including 11 senior leadership positions, as the carrier strives to build a "leaner and more agile organization" under its transformational plan.

Southwest is in the midst of a transformation that led it to announce Tuesday the first-ever involuntary layoffs.

Southwest Airlines gets its prior hold rating from 2023 reaffirmed. Key positive factors are expected air travel growth in 2025, new global airline partnerships, an investment-grade credit rating, and low debt. Its gross and net income margins could use improvement compared to peers, as well as its dividend growth trend.

Southwest Airlines has announced that it will lay off 15% of its employees in an effort to reduce costs and maximize its efficiencies. Here's what you need to know about Southwest's layoffs and how employees and fliers will be impacted.