Southwest stock sinks after mass flight cancellations, scrutiny from Biden admin

Southwest stock sinks after mass flight cancellations, scrutiny from Biden admin

Shares of Southwest (LUV) sank as much as 6% on Tuesday after the airline canceled thousands of flights, leaving passengers stranded at airports and drawing scrutiny from federal officials.

Southwest had canceled more than 2,590 flights on Tuesday as of 2:30 p.m. ET, or about 63% of its scheduled flights, according to tracker FlightAware.

The disruption exacerbates a meltdown that began over the holiday weekend and saw 2,900 flights canceled on Monday.

The U.S. Transportation Department (USDOT)…


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