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Wednesday, feb 26
Tag:
Airline Industry
Business
Southwest Airlines Laying Off 15% Of Workforce In 'Unprecedented' Corporate Overhaul
Southwest Airlines is cutting 1,750 jobs as part of a restructuring plan to streamline operations and reduce corporate costs. Southwest announced the layoffs for about 15 percent of the airline's corporate workforce in a news release on Monday, Feb. 17. The job cuts, which will be finalized by mid-2025, primarily affect corporate leadership and support roles. Eleven senior leadership positions, including vice presidents and directors, are also being eliminated. "This decision is unprecedented in our 53-year history, and change requires that we make difficult decisions," said…
Business
Frontier Proposes Another Airline Merger With Spirit: Here's How Spirit Responded
Frontier Airlines and Spirit Airlines have discussed a merger yet again, but Spirit rejected the bid in order to pursue a plan to exit bankruptcy on its own. Frontier confirmed the latest merger discussion in a news release on Wednesday, Jan. 29. Spirit also confirmed the talks in a regulatory filing on the same day. The deal first proposed on Tuesday, Jan. 7, offered $400 million in debt and a 19-percent stake in Frontier to Spirit shareholders. Frontier argued the merger would create a stronger low-cost airline while providing more value than Spirit's existing Chapter 11 ba…
News
TSA Officers Prevent Gun-Toting VA Woman From Boarding Flight At Reagan National Airport
Officials say that a woman attempted to bring a loaded handgun onto a flight at Ronald Reagan Washington National Airport before she was flagged down by TSA officers. On Monday, April 10, officers at the airport prevented a Spotsylvania woman from bringing a .380 caliber handgun that was loaded with five bullets as she went through a security checkpoint at the airport. Alarm bells were ringing - both literally and figuratively - when the X-ray unit at the checkpoint alerted TSA agents that there was a firearm inside a zippered pouch inside her purse, which she claims she carries for protec…