High Yield Markets
  • World News
  • Politics
  • Investing
  • Stock
  • Editor’s Pick
Politics

Despite $7.2 Billion from US Government, Southwest Air Can’t Keep Planes in the Air for Christmas

by December 27, 2022
December 27, 2022

Over the holiday weekend, Southwest Air stranded thousands across the country.  This happens despite billions going to the airline since 2020. 

We reported earlier that over 2,800 Southwest Airlines flights were cancelled over the holidays.

This led to thousands of passengers who wanted to be with their families over the holidays being stranded in airports across the country.

Chaos as Southwest Cancels Over 2,800 Flights on the Day After Christmas, Stranding Thousands of Passengers

Southwest can’t blame its challenges this past weekend on a lack of funding from the government.  Open the Books reports:

Southwest stole Christmas for tens of thousands of its passengers by canceling 5,400 flights during a 48 hour period. So today, our data team at OpenTheBooks quantified just how much federal subsidy the airline received from Congress since 2020.

$7.2 BILLION!

Open the Books shared:

In September 2020, as part of massive COVID relief packages, Southwest received a $3.3 billion from the federal government. Its stock price also received a boost, with the US Treasury agreeing to purchase 1,054,907 shares of Southwest stock as part of the deal.

In April 2021, as a part of the American Rescue Plan Act and other subsidies, Southwest received another $3.8 billion, according to data on the federal transparency website.

Despite billions in US government subsidies and payments during COVID, Southwest was unable to keep flights in the air this Christmas. 

Southwest lost some customers this past Christmas for sure. 

The post Despite $7.2 Billion from US Government, Southwest Air Can’t Keep Planes in the Air for Christmas appeared first on The Gateway Pundit.

previous post
“Shifty” Adam Schiff Setting Himself Up For Senate Run
next post
Mom Shot in the Head While Walking to Grocery Store in NYC — One Day After Christmas

You may also like

Newsom Celebrates EPA’s Decision to Grant California a...

March 21, 2023

Far-Left California Reparations Task Force Member Vows “Breathtaking”...

March 21, 2023

VICTORY! Federal Judge Shoots Down Biden Efforts to...

March 21, 2023

“With the Blink of a Silicon Valley Casino...

March 21, 2023

DOJ-Employed Attorney Secretly Met with Chinese Ambassador

March 21, 2023

Joe Biden Tries Twice Reciting Poem at Awards...

March 21, 2023

As Political Demons Fire Latest Kill Shot at...

March 21, 2023

Why? Joe Biden to Designate 770,000 Square Miles...

March 21, 2023

56-Yr-Old Star Wars and Harry Potter Actor Dies...

March 21, 2023

BREAKING: LIVE VIDEO Coverage of Rally in Support...

March 21, 2023
Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • The New Deal and Recovery, Part 25: The RFC, Continued

    March 20, 2023
  • The New Deal and Recovery, Part 24: The RFC

    March 14, 2023
  • The New Deal and Recovery, Part 23: The Great Rapprochement

    February 7, 2023
  • About Us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2023 HighYieldMarkets.com All Rights Reserved.

High Yield Markets
  • World News
  • Politics
  • Investing
  • Stock
  • Editor’s Pick