Southwest Airlines' stretch of unprofitability continued with a first-quarter net loss of $91 million, reversed from a $34 million profit in the year-ago period and the LCC's third consecutive quarter in the red, leading it to initiate a "systemwide voluntary early-out program" as part of an effort to "align headcount to current capacity." Chairman and CEO Gary Kelly said the carrier is "modestly overstaffed" and added that he doesn't "see involuntary furloughs needed" unless demand declines ...

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