On May 2, 2011, Southwest Airlines closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc. (NYSE: AAI), the former parent company of AirTran Airways (AirTran).
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KLM, officially known as KLM Royal Dutch Airlines, holds the prestigious title of being the oldest airline in the world still operating under its original name. Founded on October 7th, 1919, by a visionary group led by Dutch pilot Albert Plesman (1889–1953), KLM has a rich history that spans over a century.
Since its inception, Southwest Airlines has almost exclusively operated Boeing 737 aircraft (except for a brief period when it operated a handful of leased Boeing 727-200 aircraft). Southwest is the world's largest operator of the Boeing 737, and was the launch customer of the 737-300, 737-500, and 737-700.
This time it's Southwest, but other airlines have had similar "operational meltdowns" in the past, notes Bangs. In summer 2021, for example, it was Spirit and American. And over Memorial Day this year, it was Delta Air Lines.