Tag: Southwest Airlines

Fog at Chicago’s Midway Airport Is a Blip in Otherwise Smooth Christmas Travel Weekend
World

Fog at Chicago’s Midway Airport Is a Blip in Otherwise Smooth Christmas Travel Weekend

Updated Dec. 24, 2023 6:48 pm ETAn overall smooth weekend of holiday travel ran into a hiccup as dense fog made it harder for flights to reach Chicago’s Midway International Airport before Christmas Eve. Southwest Airlines accounts for over 90% of Midway’s passengers and was the hardest hit as the Federal Aviation Administration stopped or slowed Midway-bound flights Saturday night and throughout much of Sunday. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Southwest Airlines in $140 million deal with feds over debacle a year ago
Money

Southwest Airlines in $140 million deal with feds over debacle a year ago

Southwest Airlines will pay a $35 million fine as part of a $140 million agreement to settle a federal investigation into a meltdown in December 2022 when the airline canceled thousands of flights and stranded more than 2 million travelers over the holidays. Most of the settlement will go toward compensating future passengers, which the U.S. Department of Transportation considers an incentive for Southwest to avoid repeating last winter's mess. The government said the assessment was the largest it has ever imposed on an airline for violating consumer protection laws. Transportation Secretary Pete Buttigieg said the settlement demonstrates his agency's resolve to make airlines take care of their passengers. "This penalty should put all airlines on notic...
Tech Shares Power Stock Market Higher
Money

Tech Shares Power Stock Market Higher

Stocks resumed their climb Thursday, led by the shares of big technology companies that have powered the market for much of the year. The S&P 500 was up 0.8%, closing near its high for the year. The tech-heavy Nasdaq Composite rose 1.4%, and the Dow Jones Industrial Average gained 0.2%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Dallas Fort Worth Is the World’s Second-Busiest Airport. Is It Any Good?
World

Dallas Fort Worth Is the World’s Second-Busiest Airport. Is It Any Good?

Listen to article(2 minutes)You can’t have growing pains without growing. Dallas Fort Worth International Airport is definitely growing.The American Airlines hub expects to surpass 80 million passengers this year, a 9% increase over 2022 and a record for the airport, executives say. Last year, the airport was the second-busiest in the world by passenger traffic after Atlanta’s Hartsfield-Jackson International Airport, according to Airports Council International, a trade group. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Companies With Great Retirement Plans | 401ks
Money

Companies With Great Retirement Plans | 401ks

A 401(k) plan is one of the most convenient ways to stash away dollars for retirement. Funds contributed to the account can be deducted from your taxable income that year, and you can grow your savings over time with savvy investments. But perhaps the biggest motivator to contribute to a 401(k) plan is an employer's 401(k) match.Many firms offer to match employee contributions to the 401(k) plan. Typically, the employer contributes a certain amount to the employee’s 401(k) plan based on formulas and policies set by the company.The Typical 401(k) MatchWhen an employer decides to offer a 401(k) plan for its workers, it may provide different types of plans from which to choose. The arrangement provided in these plans can vary by company. Common forms of matching include partial matches or do...