LOS ANGELES, Feb. 8, 2023 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of what’s to come March 13, 2023 Deadline for filing a motion by lead plaintiff in the class action lawsuit filed on behalf of investors who have purchased or otherwise acquired Southwest Airlines Co. (“Southwest Airlines” or the “Company”) LUV securities between June 13, 2020 and December 31, 2022inclusive (the “Class Period”).

If you have suffered a loss on your Southwest Airlines investments or would like to inquire about potential claims to recover your loss under federal securities laws, you may submit your contact information to www.glancylaw.com/cases/southwest-airlines-co-1/. You can also contact GPM’s Charles H. Linehan at 310-201-9150, toll free at 888-773-9224, or email at shareholders@glancylaw.com to learn more about your rights.

On December 22, 2022, Southwest Airlines began canceling flights after a winter storm. In the days that followed, the airline canceled 15,004 flights — more than half of its typical flight schedule — and through Dec. 28, Southwest Airlines alone accounted for about 87% of all canceled flights in the US. The Transport Workers Union chair said she and other union leaders have repeatedly told management that Southwest Airlines’ planning technology, with a “complicated” model for allocating flights and an “antiquated internal system” for managing and staffing trips, is not sufficient be good enough.

As a result of this news, Southwest Airlines stock price fell $2.15, or 10.8%, for two consecutive trading days to close at $32.19 per share on December 28, 2022, hurting investors.

Then, on December 31, 2022, The New York Times, published an article addressing Southwest Airlines’ “open secret” that it needed to modernize its planning systems and that software flaws “contributed to previous, smaller meltdowns.”

On the news, Southwest Airlines stock price fell $1.70, or 3.2%, to close at $32.60 per…