February 6, 2009

SOUTHWEST AIRLINES: In Settlement Talks with FAA on $10M Penalty

COMPANIES: Southwest Airlines Co

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Southwest Airlines Co. is in settlement discussions with the Federal Aviation Administration over a US$10 million penalty.

On March 6, 2008, the FAA notified the Company that it was seeking to fine it about US$10 million in connection with an incident…

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TOPICS: Airlines/Aviation | Earnings | Legal Issues, Litigation | Loans & Financing | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US

LOCATIONS: Texas | United States