Canceled Holiday Flights , Will Cost Southwest Airlines , Over $800 Million .br Southwest Airlines holiday breakdown will cost br the air carrier as much as $825 million and br result in a net loss for the fourth quarter.br Southwest Airlines holiday breakdown will cost br the air carrier as much as $825 million and br result in a net loss for the fourth quarter.br In October, Southwest CEO Bob Jordan br predicted the airline would , “generate strong profits and br margins in fourth quarter.”.br In October, Southwest CEO Bob Jordan br predicted the airline would , “generate strong profits and br margins in fourth quarter.”.br In October, Southwest CEO Bob Jordan br predicted the airline would , “generate strong profits and br margins in fourth quarter.”.br 'Forbes' reports that the airline says 17,000 canceled br flights over ten days cost the company between br $400 and $425 million in lost revenue.br 'Forbes' reports that the airline says 17,000 canceled br flights over ten days cost the company between br $400 and $425 million in lost revenue.br 'Forbes' reports that those losses come on top of br reimbursements to passengers for expenses like br transportation, hotels, meals and lost luggage.br The airline is also offering passengers 25,000 br Rapid Rewards points as a peace offering for anyone br whose flight was canceled or delayed over three hours.br According to 'Forbes' the fallout from the debacle is br expected to trickle into future quarters as many of the br expenses will not be recorded until they are processed.br Meanwhile, the incident has added to calls br for stronger consumer protections to br safeguard confidence in U.S. air travel.br Senate, Commerce Committee chair Maria Cantwell br said that members of the committee will hold , "hearings for FAA reauthorization to br examine how to strengthen consumer br protections and airline operations.”.