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Southwest Airlines Cuts Service Amid Cost-Cutting Measures

Southwest Airlines is scaling back service to Atlanta's Hartsfield-Jackson International Airport as part of broader cost-cutting efforts, influenced by pressure from activist investor Elliott Investment Management. The airline plans to reduce the number of gates at the airport and cut 300 pilot and flight attendant positions, though no layoffs are planned. Elliott, which holds over 10% of Southwest's shares, is pushing for leadership changes, criticizing current management for the company’s declining profitability. Southwest has resisted, stating that CEO Bob Jordan is the right leader to restore the airline’s financial health.

New Jersey Halts Offshore Wind Project Due to Turbine Supplier Challenges

New Jersey has temporarily halted the Leading Light Wind offshore energy project due to difficulties securing a manufacturer for its turbine blades. The New Jersey Board of Public Utilities granted a pause until December 20, allowing developers Invenergy and energyRE to find a new turbine supplier after key manufacturers backed out or increased costs. The project, located 40 miles off Long Beach Island, aims to power 1 million homes with up to 100 turbines. Despite the delay, officials remain committed to advancing offshore wind energy, which faces both logistical setbacks and political opposition.

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