SAN DIEGO, Jan. 13, 2023 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been filed on behalf of investors Southwest Airlines Co. LUV. The class action is being brought on behalf of shareholders who purchased Southwest Airlines securities between 13 June 2020 and 31 December 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until March 13, 2023 to request the court to appear as lead plaintiff in this lawsuit.

What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker (jimb@johnsonfistula.com) via email or phone at 619-814-4471. When emailing, please include your phone number.

To participate in this promotion you can click on the following link or copy and paste it into a browser:

https://www.johnsonfistel.com/investigations/southwest-airlines-co-2

There are no costs or obligations for you.

According to the Complaint, during the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose, among other things: (1) Southwest Airlines consistently downplayed or ignored the serious problems with the technology it uses to schedule flights and crews, and how it was affected in case of bad weather worse than other airlines; and (2) it did not discuss how its unique point-to-point service and aggressive flight schedule might make it vulnerable in the event of inclement weather; and (3) as a result, the statements made by the defendants regarding their businesses, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. As the true details emerged, the lawsuit alleges that investors suffered damage.

A lead plaintiff will act on behalf of all other group members in directing Southwest Airlines’ class action. The lead plaintiff may select a law firm of its choice to conduct the class action. An investor…