Activist investment firm looks to take out Southwest's CEO with $1.9B stake
In a letter to Southwest's board, the investment firm complained that Southwest's stock price has dropped more than 50% in the last three years.
Watch CBS News
In a letter to Southwest's board, the investment firm complained that Southwest's stock price has dropped more than 50% in the last three years.
Southwest Airlines launched a new program earlier this month to settle late flights with passengers.
The discount carrier, which has long withheld its fares from travel sites, said it wants to extend the reach of Southwest.com.
The Dallas-based airline is offering vouchers for late flights.
The Dallas-based airline says it lost $231 million. As a result, they will be cutting back on hirings and ending flights to four airports.
Many Texas cities are expecting tens of thousands of visitors.
The FAA is looking into a Southwest flight that veered off course while on approach to land at New York's LaGuardia Airport and may have buzzed the air traffic control tower.
This comes after the union overwhelmingly rejected a proposed contract agreement in December.
Specific details about the agreement were not released.
Southwest Airlines said in a regulatory filing that Boeing expects to deliver 46 737-8 planes this year.
There are two flights available on April 8 that fly predicted to be in the direct path of the eclipse.
Some major U.S. airlines are struggling to cover higher costs for labor and other expenses.
The contract that took nearly three years to negotiate includes a 29% pay bump.
The Southwest agreement followed more than three years of bargaining.
Southwest passengers at Dallas Love Field we spoke with Tuesday said they're happy and relieved they had no issues.
Bad winter weather forces Southwest Airlines to cancel more than 100 flights on Christmas Day. Lauren Crawford reports.
"We are pleased to reach an Agreement in Principle with the Southwest Airlines Pilots Association for Southwest's nearly 11,000 Pilots," the airline said.
"We are pleased to reach an Agreement in Principle with the Southwest Airlines Pilots Association for Southwest's nearly 11,000 Pilots," the airline said.
The $140 million agreement includes a $35 million fine, stemming from the nightmare last holiday season when Southwest canceled thousands of flights and stranded more than 2 million travelers.
Dallas-based Southwest Airlines has reached a $140 million settlement agreement with the U.S. Department of Transportation over the 2022 holiday travel meltdown that led to more than 16,000 canceled flights. Nick Starling reports.
The union representing Southwest Airlines flight attendants has overwhelmingly rejected a proposed contract agreement.
Southwest is looking to reassure passengers after the last 10 days of the 2022 travel season left thousands of them—and flight crews—stranded after a winter storm.
Southwest Airlines said there have been "preliminary conversations" with DFW.
The federal government may be preparing to penalize Southwest Airlines for thousands of flight cancellations that affected more than 2 million travelers last December.
The changes begin next month.
A judge will decide next week whether to block new state rules banning smokable hemp products and raising fees, a move that has shops urging customers to stock up.
Ten years after the Midlothian mother was murdered inside a church, her husband and daughters share how they've navigated loss, public scrutiny, and the moments that still catch them off guard.
Police say a disturbance inside a business spilled into the parking lot, where a driver hit four people, killing one.
Students receiving associate degrees, certifications and apprenticeships are part of Mayor Mattie Parker's push to prepare the city's future workforce.
Maveric, a rooftop‑launched drone, is already responding to calls and relaying real‑time information to officers.
A judge will decide next week whether to block new state rules banning smokable hemp products and raising fees, a move that has shops urging customers to stock up.
Ten years after the Midlothian mother was murdered inside a church, her husband and daughters share how they've navigated loss, public scrutiny, and the moments that still catch them off guard.
Police say a disturbance inside a business spilled into the parking lot, where a driver hit four people, killing one.
Students receiving associate degrees, certifications and apprenticeships are part of Mayor Mattie Parker's push to prepare the city's future workforce.
Maveric, a rooftop‑launched drone, is already responding to calls and relaying real‑time information to officers.
This explosion is among several similar incidents across North Texas that raise questions about why hazardous natural gas leaks keep happening
A North Texas baby placed under the safe haven law is at the center of a rare custody fight after the biological family came forward months later seeking to reclaim him.
The city's human resources department presented plans to improve outcomes, including more accountability and adding new support positions to help employees navigate the process.
An I-Team investigation found workers' comp issues for first responders are not isolated, raising questions about a system many describe as slow and adversarial.
Since early February, residents of the Big Bend region have been outspoken about border wall plans.
State Senator and Democratic candidate for Texas Attorney General Nathan Johnson discusses his campaign for the primary runoff and his priorities.
Former Galveston mayor Joe Jaworski discusses his campaign for the primary runoff and his priorities.
Fort Worth Mayor Mattie Parker discusses a controversial data center project. She tells Jack Fink about a city bond election for $845 million towards improvements for streets, parks, libraries, affordable housing, police and fire facilities, and animal care and the shelter.
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
This explosion is among several similar incidents across North Texas that raise questions about why hazardous natural gas leaks keep happening
Zoox, owned by Amazon, produces its own autonomous vehicles that it says are built for passengers, not drivers.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
While retailers like Amazon, Macy's and Target are extending their return window for gifts bought during the holidays, some stores are adding fees to return purchases.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
New Texas regulations took effect March 31 that capped THC in smokable hemp products at 0.3%, banning some popular items.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
Eagle Mountain-Saginaw ISD said that the decision was made after consultation with Tarrant County Public Health.
Weiser said "the last few years has required a heavy financial lift to continue operating."
Small businesses along South Akard Street say the removal of a key bridge connecting Downtown Dallas to the Cedars neighborhood is already driving customers away, with no return of direct access expected until 2028.
An Amazon Prime delivery in Richardson this week left more behind than intended.
Prominent political and business leaders are named in the documents released by the Justice Department in connection with its investigations into Jeffrey Epstein.
A Dallas coffee chain says it's caught in a political firestorm after a walkout over an ICE discount.
The UConn star is now joining what many are calling one of the best revamped rosters of the upcoming 2026 season.
The agenda for next week's city council meeting includes a proposal to contribute what will be $273 million in upgrades to the stadium.
Jake Oettinger stopped 21 shots and two of Buffalo's four shootout opportunities.
Mavrik Bourque had his first NHL hat trick and added an assist as the Dallas Stars rallied from a pair of deficits and beat the Toronto Maple Leafs 6-5.
The Minnesota Lynx selected guard Olivia Miles with the No. 2 overall pick in the 2026 WNBA draft on Monday.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
Federal magistrate Renee Harris Toliver told Pooh Sheisty that the evidence against him is strong.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
"Beverly Hills, 90210" actress Tori Spelling was involved in a two-car crash in Temecula on Thursday night, according to her manager and Riverside County Sheriff's Office officials.
British Prime Minister Keir Starmer said he was concerned about Kanye West's planned appearances at a London festival, given the rapper's past antisemitic remarks.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.