Southwest Airlines pauses corporate hiring, most summer internships to cut costs
1. Southwest is pausing hires and promotions to cut costs. 2. CEO emphasizes financial performance, noting every dollar matters. 3. Traditions like employee rallies are suspended as part of cost-cutting. 4. The airline aims for industry-leading profit margins, facing competitive pressure. 5. LUV shares up 14% in last year, underperforming against rivals.