Southwest Airlines will lay down its strategy Thursday, aiming to restore long-term profitability and steer the company to pre-pandemic levels.
The news comes at a challenging time for the low-cost carrier, as its passenger volumes remain below where they were before the pandemic, and its shares have decreased by about 40% over the past three years. Moreover, Southwest has downgraded its outlook at least eight times in the last 20 months and is currently facing pressure from an activist investor to revamp its management.
