A spike in flight cancellations linked to several unrelated issues will drive Southwest Airlines’ year-over-year first-quarter non-fuel unit costs up 10%, or 4% higher than its previous guidance, and will cost the carrier about $150 million in lost revenue, the airline said March 27. The Dallas-based airline has been hit by weather-related issues, a higher-than-normal number of out-of-service aircraft that need maintenance, and—most recently—the loss of its 34 Boeing 737 ...

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