Fred Business News - Southwest Airlines grounded 41 planes overnight - about 8% of its fleet - in the wake of its recent admission that it had missed required inspections of some planes for structural cracks.

The move announced Wednesday comes as Southwest faces a $10.2 million civil penalty for continuing to fly nearly 50 planes after the airline told regulators that it had missed required inspections of the planes.

The Federal Aviation Administration, which announced the penalty last week, has also come under fire for failing to ...   more »