Southwest Airlines Co.

Ticker: LUV

Class Period Start: 06/13/2020

Class Period End: 12/31/2022

Registration Deadline: 03/13/2023

A securities class action has been filed in the USDC – S.D.TX. against Southwest Airlines Co. (LUV) on behalf of purchasers of the securities of Southwest Airlines between June 13, 2020 through December 31, 2022.

According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that:

  • Southwest Airlines continuously downplayed or ignored the serious issues with the technology it used to schedule flights and crews, and how it stood to be affected worse than other airlines in the event of inclement weather;
  • Southwest Airlines did not discuss how it’s unique point-to-point service and aggressive flight schedule could leave it prone in the event of inclement weather; and
  • as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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