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

1. Southwest Airlines is pausing hiring to reduce costs amid financial pressures. 2. Summer internships will not be offered, but current offers will be honored. 3. Cuts include stopping long-standing staff rallies, highlighting focus on core spending. 4. Activist investor Elliott Management has pushed for operational changes at Southwest. 5. Stock has increased 13.7% in the past year but dropped 40% over five years.