There's a common misperception that when large carriers go bankrupt, they emerge stronger due to better leverage with employee compensation and lower debt levels. This is used to explain why LUV has been a lackluster performer for years. This is simply not true. LUV's problem hasn't been Continental emerging from bankruptcy lean and mean, its problem has been other low-cost carri...
Southwest is the best in the business with regards to customer service, reducing expenses, and operations. The industry is down, but the company is still operating with the same basic principles. They'll be the first airline to "come back."
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