Southwest Airlines has agreed to pay its pilots an estimated $45 million in bonus “gratitude pay” for working through the company’s service meltdown during the holiday travel period at the end of last year
. The airline said it will also compensate other employee groups who worked through the period, although it did not immediately identify which employees or how much they’ll receive. The union representing Southwest’s 18,000 flight attendants said its members also were offered some additional pay, but provided no specifics on what it entailed.
Earlier this month Southwest disclosed the cost of the service problems, which resulted in more 16,700 canceled flights between December 21 and 29, would cost the company between $725 million and $825 million. About half of that cost was the result of lost ticket revenue, with the rest allocated to customers’ compensation, higher operating costs and increased pay to employees. Southwest said the “gratitude” pay to employees is included in that estimate.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Nexo Capital Inc. to stop offering of crypto lending product, pay $45 million penalty: SECU.S. securities regulators on Thursday charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product. To...
Leer más »
Crypto platform Nexo agrees to pay $45 million in fines by state and federal authoritiesThe Securities and Exchange Commission says Nexo Capital Inc. agreed to pay $45 million in fines to settle charges by the agency and state regulators.
Leer más »
Nexo pays $45 million to settle SEC and state charges for failing to register lending productCrypto lender Nexo settled charges from the SEC and state regulatory authorities over its crypto asset lending product.
Leer más »
Crypto Lender Nexo Agrees to Pay $45 Million to Settle Regulatory InvestigationsCrypto lender Nexo Capital Inc. agreed to pay $45 million to settle claims that its product violated investor-protection laws, becoming the second digital-asset lender in a week to face a major enforcement action
Leer más »
Crypto lender Nexo enters into $45 million settlement with SECCrypto lender Nexo has entered into a consent agreement with the U.S. Securities and Exchange Commission (SEC) to pay a $45 million fine for offering an unregistered security in the U.S., in its 'Earn Interest Product.'
Leer más »
Nexo Agrees to Pay $45 Million in Fines to US AuthoritiesThe fines will be paid to the SEC and NASAA, who opted for a lower penalty in light of Nexo’s cooperation.
Leer más »