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Southwest Shares Drop Due To Spike In Cancellations

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According to Reuters, shares for Southwest Airlines fell more than 5-percent due to a spike in flight cancellations. The low-cost air carrier said they are investigating the cause of the cancellations, which be involve a conflict with its mechanics union. On the day, Southwest stock dropped 5.7-percent, falling to $54.41 a share. But the Dallas-based airline was also forced to delay its planned Hawaii launch recently, due to the federal government shutdown, which also cut into its first-quarter revenue growth forecast.

Added on the 21/02/2019 15:46:04 - Copyright : Wochit

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