Southwest Airlines (LUV) suffered another major issue this morning that forced nationwide grounding of its planes just months after a disastrous holiday season. But while Southwest flights are back in the air, one of the company’s pilots suggests this may not be the end of the company’s issues.
Captain Michael Santoro, Vice President of the Southwest Airlines Pilot Association, spoke on CNBC’s Power Lunch and said he thinks there’s a “50-50” chance that this issue happens again.
DON’T MISS: Southwest Airlines Resumes Flights After 'Technical Issue' Triggers Brief Nationwide Grounding; Stock Slides
“This system gets rebooted every night, and I always wonder if it’s gonna reboot tomorrow,” Santoro said. “It makes me nervous, that system. I’m not a fan of it. It’s old -- it’s very old.”
Santoro did say that Southwest is working on replacing the infrastructure. However, he called it “a work in progress” and reiterated that it will take some time before it can be implemented.
Southwest stock opened the day at $32.50 but dipped to as low as $31.12 following the news, though it has mostly recovered, pushing above $32 by the close of the day.
