A lawsuit has been filed against Southwest Airlines.
- The company cancelled thousands of flights around the holidays after severe weather originally stranded passengers.
- A group of Southwest shareholders has now filed a lawsuit against the company with allegations that the airline hid problems that resulted in the chaos.
- The class action suit was filed against Southwest, its CEO, CFO, and executive chair last week, accusing the airline of not noting failures in its scheduling system that resulted in the cancellations.
- Shareholders allege they “have suffered significant losses and damages” because of how the company’s market value dropped after the mass cancellations.