NEW YORK, Jan. 21, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Southwest Airlines Co. (“Southwest” or the “Company”) LUV. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Southwest and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On December 26, 2022, Business Insider published an article titled “US Department of Transportation Says Plans to Investigate Southwest Airlines After Airline’s ‘Unacceptable’ Holiday Flight Cancellations.” The article states, among other things, that the “US DOT tweeted Monday that it would review Southwest’s compliance with its customer service policy[,]’ and ‘Southwest canceled nearly 3,000 flights the day after Christmas, the most of any US airline.’

As a result of this news, Southwest’s stock fell $2.15 per share, or 5%, to close at $33.94 per share on December 27, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980