The Latest Breaking News from Southwest

Airline in "full-blown meltdown" offered hefty handouts to investors rather than fixing its antiquated systems

Another 2,500 flights are being pulled from arrival and departure boards Wednesday and more are expected throughout the day.

As chaos at Southwest Airlines brought misery to thousands of frustrated travelers and growing scrutiny from U.S. regulators and lawmakers, many in the aviation industry said the massive cancellation of flights by the nation’s largest domestic carrier was far from surprising.

Stock futures edge higher as treasury yields slip; Robinhood shares at center of FTX bankruptcy fight; Southwest extends slide as travel chaos draws government criticism; Tesla shares get rare pre-market bounce on Baird note and Apple held down by holiday iPhone sales concern.

Pictures of travelers still marooned in airports over the long holiday week are deeply disturbing.

The numbers tell a sobering story of Southwest Airlines' holiday collapse: thousands of flights abruptly canceled, and thousands upon thousands of travelers stranded for days in airport terminals.

It was another miserable day for many at Dallas Love Field.

Analysts say Southwest’s point-to-point flight system, antiquated technology, go-it-alone ticketing and overworked employees led to massive holiday breakdown.

WASHINGTON — The U.S. Department of Transportation announced it will investigate Southwest Airlines’ onslaught of cancellations that stranded thousands of travelers and their luggage at airports and wreaked havoc on holiday plans.