Southwest CEO Seeks Cost Cuts With Airline ‘Living Day to Day’

(Bloomberg) — Southwest Airlines Co. is “living day to day,” its chief executive officer said, urging employees to keep cutting expenses wherever possible as the new coronavirus continues to erode travel.Southwest is evaluating the complex $50 billion federal program that will provide loans and cash payments to help carriers meet payroll and other employee costs. It’s premature to know “how we might fit into this” until the Treasury Department provides details, Chief Executive Officer Gary Kelly told workers Monday in his weekly recorded message.Airlines already have slashed flights, offered leaves and cut costs in other ways in response to a …read more

Source:: Yahoo Finance


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