SouthWest’s Stock Price Down Nearly 3% After Mass Flight Cancellations

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Shares of Southwest Airlines (LUV) fell Monday losing nearly 3% after cancelling more than 1,800 flights this weekend. The airline citing bad weather and air-traffic control issues in Florida for the cancellations.

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The issue began Friday evening after the company confronted severe weather in Florida which caused the Federal Aviation Administration to improve and air traffic management program. This, in turn, resulted in a large number of cancellations which left customers and crew members displaced. According to FlightAware, more than 800 flights were canceled that day as a result.

Then, on Sunday, the disruptions continued with more than 1,000 flights being canceled, per FlightAware. 500 were reportedly delayed.

The FAA, meanwhile, said Sunday that severe weather, military training and limited staffing issues contributed to the cancellation. “Some airlines continue to experience scheduling challenges due to aircraft and crews being out of place,” said the FAA in a statement.

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Nonetheless, Southwest seems to have been disproportionally effected by the weather issues. American Airlines Group (AAL), for examine, which operates flights in and out of Florida canceled just 63 flights per FlightAware.

Meanwhile, the Southwest Airlines Pilots Association blamed “poor planning” and a schedule that doesn’t allow for a margin of error.

Shares of American Airlines (AAL) traded higher on Monday, up 0.22% at $20.13 per share, while shares of Delta (DAL) traded up 0.28% at $43.48.

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