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Southwest Airlines (LUV) Stock Up, Recovering from Extensive Delays

NEW YORK (TheStreet) -- Southwest Airlines (LUV - Get Report) stock is increasing by 2.08% to $40.77 in late morning trading on Monday, as the company recovers from a technology glitch that caused hundreds of flights to be delayed on Sunday.

The airline expects its flights to run smoothly on Monday after fixing computer system failures that caused roughly 450 flight delays on Sunday, but is still delivering late luggage and shuttling displaced passengers today, Reuters reports.

There is "absolutely no evidence" to believe that the glitch was cyber-security related, Southwest Airlines said, according to Reuters.

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The issue affected the company's website, mobile application, reservation centers and airport computers, delaying hundreds of flights as staff manually checked in passengers, according to Bloomberg.

Separately, TheStreet Ratings team rates SOUTHWEST AIRLINES as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their...


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