Southwest CEO Seeks Cost Cuts With Airline ‘Living Day to Day’
- Carrier is studying government rescue package, Kelly says
- ‘Please don’t take your foot off the gas,’ he tells employees
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Southwest Airlines Co. is “in intensive care,” its chief executive officer said, urging employees to keep cutting expenses wherever possible as the new coronavirus continues to erode travel.
The U.S. discounter is evaluating the $50 billion federal program that will provide loans and cash payments to help carriers meet payroll and other employee costs. It’s premature to know “how we might fit into this” until the Treasury Department provides details, CEO Gary Kelly said in messages to employees over the weekend and Monday.