WNjetdoc
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Updated 7 a.m. - Wednesday
Southwest finds its own way to cut costs
Leave it to Southwest to buck an industry trend. The largest airlines have laid off thousands of employees, cut flights and parked airplanes, and United is looking to employees for $5.8 billion in wage concessions. But, Southwest has managed to dramatically cut costs without many of the draconian measures taken by its big-name competitors. Instead, the discount carrier has trimmed its expenses in other ways, such as by renegotiating key contracts with suppliers, changing the way it fuels airplanes at certain airports, and putting in place a hiring freeze at its Dallas corporate headquarters, according to the Fort Worth Star-Telegram. The airline has also attempted to boost its efficiency in baggage handling to reduce number of claims — and costs — for lost luggage. So far, the carrier''s moves have paid off. Southwest has been able to reduce its annual costs by about $120 million, all while continuing to add flights and without any layoffs. Southwest is the only one of the nation''s top 10 airlines to remain profitable.
Southwest finds its own way to cut costs
Leave it to Southwest to buck an industry trend. The largest airlines have laid off thousands of employees, cut flights and parked airplanes, and United is looking to employees for $5.8 billion in wage concessions. But, Southwest has managed to dramatically cut costs without many of the draconian measures taken by its big-name competitors. Instead, the discount carrier has trimmed its expenses in other ways, such as by renegotiating key contracts with suppliers, changing the way it fuels airplanes at certain airports, and putting in place a hiring freeze at its Dallas corporate headquarters, according to the Fort Worth Star-Telegram. The airline has also attempted to boost its efficiency in baggage handling to reduce number of claims — and costs — for lost luggage. So far, the carrier''s moves have paid off. Southwest has been able to reduce its annual costs by about $120 million, all while continuing to add flights and without any layoffs. Southwest is the only one of the nation''s top 10 airlines to remain profitable.
55 AM whatkindoffreshhell wrote: 
