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Southwest Airlines hit with massive fine for holiday delays

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Southwest Airlines has been slapped with a staggering $140 million penalty following the tumultuous holiday season of 2022.

The airline’s operational meltdown during the peak holiday travel period resulted in severe disruptions for thousands of passengers and garnered widespread criticism.

The Civil Aviation Authority (CAA) issued the substantial fine, deeming it a “strong deterrent” to prevent such disastrous incidents in the future.

The airline faced an unprecedented number of cancellations and delays, leaving passengers stranded and furious during a time when travel was meant to be joyous.

The CAA investigation revealed a combination of factors contributing to the chaos, including inadequate staffing, technical issues, and poor communication.

Passengers endured extensive delays, missed connections, and lost luggage, causing significant distress and inconvenience.

The hefty fine serves as a stark warning to airlines nationwide, emphasising the importance of proper planning and crisis management during peak travel periods. Southwest Airlines has committed to improving its operations and compensating affected passengers.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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