Southwest Airlines facing revenue plunge after cancelling thousands of Christmas flights

After what it said were “operational disruptions in December 2022”, Southwest Airlines said it expects to report a net loss in the fourth quarter of 2022, with revenue down by around US $4oo million. In a filing to the US Securities and Exchange Commission, the carrier gave a “preliminary estimated fourth quarter 2022 pre-tax negative impact in the range of US $725 million to US $825 million”, of which “a significant portion” would derive from “estimated revenue loss in the range of US $400 million to US $425 million”. As a severe winter storm hit much of the US around