American and Southwest airlines both say they lost money in Q1
DALLAS (AP) — Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing.
Both Southwest and American Airlines reported first-quarter losses Thursday. Demand for travel remains strong, including among business flyers, but airlines are dealing with higher labor costs, and delays in getting new aircraft from Boeing are limiting their ability to add more flights.
Southwest said it lost $231 million. CEO Robert Jordan said the airline was reacting quickly “to address our financial underperformance,” including by slowing down hiring and asking employees to take time off.
The Dallas-based carrier said it expects to end this year with 2,000 fewer employees than it had at the start of the year.
In August, Southwest will stop flying to four airports: Cozumel, Mexico; Syracuse, New York; Bellingham, Washington; and George Bush Intercontinental Airport in Houston, where the airline’s major operation is at smaller Hobby Airport. Southwest hasn’t left an airport since 2019, when it pulled out of Newark, New Jersey, and consolidated its New York City-area flying at LaGuardia Airport.
Related articles
Keleigh Teller shows off her figure in a fire
Keleigh Teller was showing off her fabulous figure this week.The wife of Top Gun: Maverick actor Mil2024-04-26Serial mistress, 54, enjoys luxurious £5,000 trip to Costa Rica
A woman who dates married men has enjoyed a luxurious £5,000 trip to Costa Rica - and says that she2024-04-26Sydney Mardi Gras asks police not take part in Saturday's parade
People participate in the Pride March event over the Harbour Bridge in Sydney in 2023. Photo: AFP2024-04-26Serial mistress, 54, enjoys luxurious £5,000 trip to Costa Rica
A woman who dates married men has enjoyed a luxurious £5,000 trip to Costa Rica - and says that she2024-04-26First Chinese cultural center in Gulf region starts trial run in Kuwait
KUWAIT CITY, Sept. 18 (Xinhua) -- The first Chinese Cultural Center in the Gulf region launched its2024-04-26'The more, the merrier!' Mother of Princess Beatrice's stepson says she is still close with her ex
The mother of Princess Beatrice's stepson has said she is glad her son Wolfie has 'two sets of paren2024-04-26
atest comment