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Southwest CEO Warns Partial Government Shutdown Could Break Airline Industry



The CEO of Southwest Airlines, Gary Kelly, warns Thursday the latest government shutdown could break the airline industry.

The warning comes as Southwest reports it is already losing millions of dollars because of the showdown in Washington.

Gary Kelly didn't say anything in an exclusive interview with CNBC and slammed inaction by politicians in Washington.

“It's a crazy way to run our country. Absolutely absurd, "he said.

The Dallas-based airline lost an estimated $ 1

0 million to $ 15 million in the final quarter.

The figure is higher than Wall Street's expectations.

Southwest is projecting strong returns for 2019 The shutdown is painful, but the shutdown is painful. It's definitely painful for the people who are furloughed, ”said Kelly. “It's very frustrating. In our business at least we deal with the federal government in a very intimate way. The TSA screens every passenger, the FAA manages every flight. ”

These agencies are obviously impacted by the shutdown.

Southwest also is unable to expand its service to Hawaii while FAA employees who would oversee the operation are furloughed. 19659011] Rock Hitting Super Blood Wolf Moon Caught on Camera

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The other major North Texas airline, Fort Worth-based American Airlines, also reported its fourth quarter profits today saying it earned $ 319 million

That figure is slightly higher than expected

American said there is too much uncertainty to give and exact number on how much it has lost due to the shutdown but will evaluate the impact once the shutdown is over.


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