Southwest experienced a holiday meltdown in 2022 resulting in the cancellation of thousands of flights representing over 70% of its schedule following the late December 2022 North American winter storm. As a result of the crisis, the airline reached a settlement with the United States Department of Transportation including a record-setting $140 million fine , the largest fine ever imposed by the agency by a factor of roughly 30, and reported losses exceeding $1.1 billion stemming from the crisis.
southwest experienced a holiday meltdown in 2022 resulting in the cancellation of thousands of flights representing over 70% of its schedule following the late december 2022 north american winter storm as a result of the crisis the airline reached a settlement with the united states department of transportation including a record-setting $140 million fine  the largest fine ever imposed by the agency by a factor of roughly 30 and reported losses exceeding $11 billion stemming from the crisis