Southwest Airlines (LUV) reported a loss for the fourth quarter, as the company took an $800 million pretax hit to earnings due to the computer system failure that led to the airline’s holiday travel meltdown.
For the quarter, Southwest reported:
“Due to the operational disruptions in late December, which resulted in more than 16,700 flight cancellations, we incurred a fourth quarter pre-tax negative impact of approximately $800 million (or approximately $620 million on an after-tax basis),…
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