Going South ✈

Table of Contents

Going South

Does it seem reasonable to travel in an enclosed vehicle with hundreds of passengers relatively close to you during a global pandemic? For most citizens, the answer is no, and the airline industry felt that impact during the COVID-19 pandemic. Air travel decreased by a wide margin, and pandemic travel has been a stressful process with mask mandates. Vaccines have brought travel back, and airline companies are reaping the benefits. Weirdly enough, it might’ve come back too quickly for Southwest Airlines, a mostly domestic airline company that operates around the country, especially in the South.

Over the weekend, Southwest cancelled nearly 1,900 flights, with many unique reasons fuelling the decision. Around that time, the South was facing severe weather threats, especially in Florida, which caused some pre-emptive cancellations. Business as usual, right? Flights get cancelled all the time for weather delays, so this wasn’t a major surprise. Air traffic control issues also plagued the beginning of the weekend, which is unexpected, but it had about the same effect as the weather. A major part of the delay was due to a labor shortage, something other industries are facing too. As demand skyrocketed in the summer after a mass vaccination effort to begin the year, Southwest couldn’t keep up, setting new schedules for workers and flights that don’t seem to be working. Along with that, Southwest hasn’t been able to retain employees ever since the mass layoffs as these workers are staying unemployed or they are working for someone else, leaving them in a crunch. The cancellations have stalled since, but it shows one of the struggles companies are facing during the economic recovery. Did you have a Southwest flight that was cancelled?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.