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Hank Greenberg’s email to investors discussing Southwest’s screwup exposes a myth of margins, how Tesla is hurting ETFs, and his 2023 predictions. Southwest’s ScrewupIf there’s one moral to Southwest Airlines’ (NYSE:LUV) screwup last week with thousands of canceled flights, it’s this… Companies spend woefully little on tech. What happened at Southwest is really little more than something that has been hiding in plain sight for years. Q3 2022 hedge fund letters, conferences and more Simply ask yourself: How many times have you heard a retail clerk or customer service agent say, "My computer is ...
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Following is the unofficial transcript of a CNBC interview with Southwest Airlines Co (NYSE:LUV) CEO Robert Jordan on CNBC’s “Squawk Box” (M-F, 6AM-9AM ET) today, Tuesday, February 1. Following is a link to video on CNBC.com: Q4 2021 hedge fund letters, conferences and more Southwest Airlines CEO Robert Jordan: I’m Very Optimistic About Return Of TravelANDREW ROSS SORKIN: Joining us right now on his first day on the job no less is Bob Jordan, the new CEO of Southwest Airlines. Bob, we also hear that today marks 34 years since you've been with Southwest so we want to wish you a very Happy Anniv...
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Southwest Airlines Co (NYSE:LUV) is struggling with post-holiday operations in the U.S. The second domestic carrier in the country canceled almost 650 Thursday flights after previously canceling 534, for a total of 1,184 flights. Q3 2021 hedge fund letters, conferences and more CancelationsAs reported by USA Today, Southwest has canceled more flights than any other airline in the last two days, and according to FlightAware, they account for almost one-third of total U.S. flight cancellations on Thursday. Storms have played a role, but according to company spokesman Dan Landson, there is certai...
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The International Air Transport Association (IATA) has warned that air travelers could be two to three times more likely to catch the COVID-19 Omicron variant onboard planes. A medical adviser within the organization made the statement ahead of the holiday travel peak and when Omicron is set to become the dominant strain. [soros] Q3 2021 hedge fund letters, conferences and more WarningAs informed by Bloomberg, IATA’s medical adviser and physician David Powell says aircraft passengers are two to three times more likely to catch Covid in the cabin. The assertion relates to Omicron’s higher trans...
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Gary Kelly, CEO of Southwest Airlines (NYSE:LUV), asserted that “masks don’t add much, if anything” to prevent COVID-19 infections onboard a plane. Kelly made the statement to a U.S. Senate panel on Wednesday, when he questioned mask mandates by the Biden government. Q3 2021 hedge fund letters, conferences and more Do Masks Do Little?As reported by Fox Business, Southwest CEO Gary Kelly also emphasized that air filtration systems in today’s commercial airplanes are effective to the point of making cabins the safest indoor place to be. The statement was prompted by Sen. Roger Wicker, R-Miss., w...
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Following is the unofficial transcript of a CNBC interview with Southwest Airlines Co (NYSE:LUV) Chairman & CEO Gary Kelly on CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET) today, Tuesday, October 12. Following are links to video on CNBC.com: Q3 2021 hedge fund letters, conferences and more Southwest CEO: When An Airline Falls Behind, It’s Hard To Catch UpSouthwest CEO On The Airline’s Covid Vaccine Push, Flight FiascoJIM CRAMER: Southwest shares are edging higher this morning, thank heavens. The airline is hoping to normalize the schedule by tomorrow. Normalize is an odd term because I expe...
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