4.6 • 682 Ratings
🗓️ 20 October 2020
⏱️ 8 minutes
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0:00.0 | It's Tuesday, and this is the Ramsey Call of the Day, part of the Ramsey Network. |
0:06.9 | Rachel Cruz, Ramsey personality, number one, bestselling offer a couple times over, is my co-host today here on the air. |
0:13.6 | So Rachel article came out in Inc. Magazine. |
0:16.3 | Southwest Air just made a tough decision. |
0:18.7 | Is it risky or smart? |
0:20.0 | Southwest is trying to do one thing. |
0:21.9 | Harvard Business School, they say to do the opposite. |
0:25.8 | Well, I think I know whose sight I'm going to come down on this already. |
0:29.1 | I'm just guessing that Southwest Air might know more about business in their little finger than Harvard Business School does in the whole freaking campus. |
0:36.1 | But I could be wrong. |
0:36.9 | Let's look and see what the article says. |
0:38.7 | Both United Airlines, American Airlines, warned over the summer they would start furlowing |
0:42.6 | thousands of workers on October 1st if that date passed without an extension of the federal |
0:48.7 | aid to airlines that the government approved in April. |
0:52.4 | The October 1st deadline passed, the stimulus didn't. |
0:55.5 | But at Southwest, which lost $17 million a day during the third quarter. |
1:01.8 | 17 million. |
1:03.0 | A day has seen revenue drop 70%. |
1:06.6 | CEO Gary Kelly did something a bit different. |
1:10.1 | Now, sidebar, it's fair to note because I'm biased. |
1:13.6 | Rachel's biased. |
1:14.7 | We know, we know Mr. Gary Kelly. |
... |
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