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Almost 17,000 Southwest Employees Accept Buyouts Or Extended Leave
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Business, Journalism, Social Studies
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9th - 10th Grade
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Hard
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Southwest Airlines faces financial challenges due to the COVID-19 pandemic, leading to 4,400 employees opting for early retirement and 12,500 taking extended leave. CEO Gary Kelly expressed gratitude for the employees' response. The company needs passenger numbers to triple by year-end to avoid layoffs. Southwest received over $3 billion in federal aid and is considering an additional $2.7 billion loan, with a decision due by September's end.
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