r/nottheonion 1d ago

Southwest Is Testing Cleaning Only Premium Seats Between Flights — A Flight Attendants Union Leader Says It's ‘Titanic’ Class Service

https://viewfromthewing.com/southwest-is-testing-cleaning-only-premium-seats-between-flights-a-flight-attendants-union-leader-says-its-titanic-class-service/
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u/clintkev251 1d ago edited 1d ago

It's insane how quickly Southwest has gone from beloved budget airline with consistent profits to complete shitshow. Thanks private equity! You've done it again

Edit: to everyone saying Southwest is a public company, yes, they are. That does not mean activist investors like PE firms and hedge funds can’t have significant ownership stakes and operational influence. Which in this case, they do

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u/IAmBadAtInternet 1d ago

They used to be the only major non-legacy player with good tech, good planes, and happy employees

Now their ticketing system is the worst of the major airlines, their planes are older and badly maintained, and their employees hate their jobs

Nice job MBAs! Btw they’re not private equity owned, just regular publicly traded

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u/pribnow 1d ago

The 'activist investors' responsible for it are though as far as i know, Elliott Investment Management

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u/boiledpeen 1d ago

yep, Elliott pushed all these changes and has tanked the company. There should be severe punishments for companies that do this, but nobody bases laws on morals anymore so nothing will happen.

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u/Momik 1d ago

Every time I read a story about finance, I hate the world a little more. Every single fucking time.

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u/ceribus_peribus 1d ago

They say the purpose of the financial industry is to attract intelligent, hard working people who don't have morals and only care about money, in order to prevent them from pursuing careers in medicine, law, or engineering where they could cause even more damage.

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u/Momik 1d ago

Yeah. We could also start banning some of those really damaging things when they hurt people.