Southwest Airlines is pressing pause on hiring and staff rallies to cut costs

"Every single dollar matters as we continue to fight to return to excellent financial performance," CEO Bob Jordan emphasized in a memo to staff as the airline navigates financial pressures.

In a shift from tradition, Southwest Airlines will not hold its annual staff rallies this year, stating, "We are limiting discretionary costs, including holding on the Southwest Rallies for this year, as we focus on reducing costs."

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