Shares of Southwest Airlines (LUV) slid 2% after JPMorgan downgraded the airline to an Underweight rating from Neutral, ...

Southwest is undergoing an ambitious turnaround plan under the watchful eye of activist investor Elliott Management.

Once a company that touted its “fun-luving” attitude and ability to avoid mass layoffs, Southwest (LUV) is now making changes it “once ...

Employees of Southwest Airlines who for decades have been accustomed to a family-like workplace were left heartbroken last ...

In total, 1,750 jobs will be affected, including 11 senior leadership positions, as the carrier strives to build a “leaner ...

"Investor consternation has crescendoed once again, focused primarily on the consumer, domestic capacity, and the impact of reduced government travel," Baker said Monday in a research note. "As a ...

The layoffs, which the company expects to complete by the end of the second quarter, are estimated to net $210 million in ...

Baidu Q4 beats top-line and bottom-line estimates. Southwest expands cost-cutting by announcing 15% reduction in corporate ...

Dallas-based Southwest airlines just announced mass layoffs — the first in its 53-year history. The company is cutting 15% of ...

CEO Bob Jordan called the cuts "unprecedented in our 53-year history" but said they come at "a pivotal moment as we transform ...

Dallas-based Southwest Airlines is cutting 15% of its corporate staff, it announced Monday. The layoffs amount to about 1,750 ...