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Latest Business News

Southwest Grounds Dozens of Jets

Wednesday, March 12, 2008 6:23:49 PM
By DAVID KOENIG

 A Southwest Airlines jet takes off Wednesday from Sky Harbor International Airport in Phoenix in this July 18, 2007 file photo. Southwest Airlines on says it grounded 41 planes Tuesday, March 11, 2008, in the wake of its recent admission that it had missed required inspections of some planes for structural cracks. (AP Photo/Matt York, File)DALLAS (AP) - Southwest Airlines Co. canceled flights Wednesday and temporarily grounded 43 planes to examine if they were sound enough to carry passengers, the latest twist in the low-cost carrier's saga of missed safety inspections and civil penalties.

The groundings affected about 8 percent of Southwest's fleet, and came as the airline faces a $10.2 million civil penalty for continuing to fly nearly 50 planes that hadn't been inspected for cracks in their fuselages.

Southwest shares fell more than 9 percent before closing down 7.3 percent.


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