Trump Administration Forgives $11 Million In Fines For Southwest Over 2022 Holiday Meltdown - video Dailymotion

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10 hours ago

Southwest won’t have to pay the remaining $11 million of its federal fine for the 2022 holiday meltdown after regulators credited the airline for more than $1 billion in technology and operational upgrades. The decision effectively clears the balance of the original penalty.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Southwest Airlines will not have to pay the final $11 million of a civil fine

00:07tied to its 2022 holiday meltdown after the Trump administration forgave the remaining balance,

00:13according to CNBC. The Transportation Department under the Biden administration initially fined

00:18the airline $140 million in 2023, but credited all but $35 million because of customer compensation.

00:26The department said Friday that Southwest's more than $1 billion in technology and operations upgrades

00:32since the meltdown warranted an additional credit that eliminated the last payment.

00:37Southwest said it completed an operational turnaround over the past two years

00:41and cited improvements in on-time performance and flight completion rates.

00:45For all things money, visit Benzinga.com.

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