Southwest Airlines Co.’s leaders will take a pay cut following the December breakdown that resulted in thousands of flight cancellations and more than $1 billion in added costs.
“Executive bonuses for 2022 will be reduced because of this,” said Andrew Watterson, the carrier’s chief operating officer. The payouts will be awarded next month, though the amount of the cut hasn’t yet been determined, he said.
The executive spoke with reporters Thursday during a break in a US Senate hearing over the airline’s December crisis. Southwest has come under intense scrutiny in recent weeks from lawmakers, regulators and ...
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