Southwest Airlines Co. canceled flights and temporarily grounded 43 planes to examine if they were sound enough to carry passengers, the latest twist in the low-cost carrier's saga of missed safety inspections and civil penalties.
The groundings on Wednesday affected about 8 percent of Southwest's fleet, and came as the airline faces a $10.2 million (euro6.6 million) civil penalty for continuing to fly nearly 50 planes that hadn't been inspected for cracks in their fuselages.
Southwest shares fell more than 9 percent before closing down 7.3 percent.
Since the Federal Aviation Administration announced the penalty last week, Southwest has endured a …
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