Southwest Warns Passenger Numbers Must Triple To Prevent Layoffs

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Southwest Airlines warned employees on Monday that passengers numbers need to triple by the end of the year in order to avoid layoffs.

The airline has never had involuntary job cuts but passenger numbers are down 73 percent from 2019, Bloomberg News reported. It gave employees until Wednesday to apply for voluntary separation or to take extended time off because the company is overstaffed for the existing amount of flights.

“Although furloughs and layoffs remain our very last resort, we can’t rule them out as a possibility in this really bad environment,” CEO Gary Kelly said in his weekly message to staff on Monday, according to Bloomberg. “We need a significant recovery by the end of this year, and that’s roughly triple the number of passengers from where we are today.”

 Read more at The Hill.

{Matzav.com}

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