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wishing him the best. thank you for watching. cnn this morning starts right now. i want everyone who is dealing with the problems we have been facing, whether you haven t been able to get to where you need to go or you re one of our heroic employees caught up in a massive effort to stabilize the airline we re doing everything we can to return to a normal operation. and please also hear that i m truly sorry. good morning, everyone. it is wednesday, december the 28th and that was an apology from the ceo of southwest airlines after the chaos that continues for the airline and so many passengers. it is little solace for thousands of stranded passengers across the country and thousands more who are about to find out their flight today has been canceled. also, title 42 still being enforced at the southern border after a new supreme court decision we got overnight. it has left thousands of migrants and advocates in a state of flux and confusion. we are getting a ne ....
That s the more immediate impact, right. just to put this all in persp persp perspective, the last time we heard from southwest, the company reported $277 million in profits on $6.2 billion revenue. you can see how this compares to 2021 and 2019. the industry as a whole, also sitting on some healthy profits. this is the 24 u.s. passenger airlines $2.4 billion for third quarter 2022, about the same in the second quarter. if you re wondering what happened here covid. yes. covid, omicron. but the last six months they ve been doing well. i want to get quickly to a quote from scott keyes from scott s cheap flights. i think there s going to be a financial cost to the airline for this meltdown. you have to think about the compensation almost certainly going to be paying to travelers ....
App, please be on time. one thing that s concerning is the gate keeps changing. i don t want to be look at my app and the gate is on the other side. reporter: it would appear at least so far this morning those who have had their flights canceled are staying away for the most part from the airport but it is expected to be another busy day at the airports with another long day for those flying southwest. i imagine a lot of prayers happening at that airport. nick valencia, thank you for that report. rahel solomon joining us now. good morning to you. good morning. southwest, the stock not reacting well to this? absolutely not reacting well. a few ways to think about the financial impact of this ordeal, mess, meltdown. you can see the immediate impact to the stock. you can see how shares closed yesterday, about 6%. significant. closing at 34 bucks a share. ....
The commerce committee said they were going to investigate this. and pete buttigieg is vowing to hold southwest accountable. i understand you just spoke directly to the ceo of southwest airlines. did you get any explanation at all for this meltdown of epic proportions. melt down is the right word. you look at the number of passengers stranded and how hard it is to get somebody on the phone to address it. from what i can tell, southwest is unable to locate where their own crews are, let alone passengers, let alone baggage. nick valencia is live in atlanta. hearing there are more cancellations is not what passengers hoping to fly out of their airport and others were hoping to hear. reporter: good morning, the cascade of flight cancellations continues for at least one more ....