NEW YORK, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Southwest Airlines Co. (“Southwest” or “Company”) (NYSE: LUV). Click here to join investigation.
If you acquired Southwest securities and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952.
On the evening of December 26, 2022, the U.S. Department of Transportation (“USDOT”) tweeted that the “USDOT is concerned by Southwest’s unacceptable rate of cancellations and delays & reports of lack of prompt customer service” and that “[t]he Department will examine whether cancellations were controllable and if Southwest is complying with its customer service plan.” Following this statement, Business Insider published an article reporting that the USDOT issued this statement after Southwest cancelled nearly 3,000 flights on the day after Christmas.
On December 27, 2022, the first trading day following this news, Southwest shares fell $2.15 per share, nearly 6%, to close at $33.94 per share.
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If you have any questions about this investigation, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 687-1980
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
