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Travelers check in at a Southwest Airlines ticket counter during the busy Christmas holiday season at Orlando International Airport on December 28, 2022 in Orlando, Florida.
Paul Hennessy | Anadolu Agency | Getty Images
Southwest Airlines said Thursday it expects its holiday meltdown to continue to weigh on its bottom line, but said it still expects to be profitable this year.
Southwest shares sunk nearly 5% Thursday, trading at roughly $35.
The carrier reported a net loss of $220 million in the fourth quarter after the travel chaos drove up expenses and cost it millions in revenue during what was expected to be the busiest travel period since before the pandemic.
“Thus far in January 2023,…
Source cnbc.com
