Amid poor first-quarter financial results, Southwest ends service in 4 cities [Yahoo! Finance]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: Yahoo! Finance
The company will ground flights in both smaller and major markets including Bellingham, Washington International, Mexico's Cozumel International Airport, George Bush Intercontinental Airport in Houston, and Syracuse Hancock International Airport in New York. Southwest, which only flies Boeing 737 aircraft, has said persistent production slowdowns at Boeing are unrelated to the financial hit and announced its service suspensions in an earnings call "The network actions have really nothing to do with the Boeing delay. We are taking network actions regardless," Southwest CEO Bob Jordan told CNBC . "Now, the Boeing delays are very painful. They cause us to replan, they hurt us on the revenue front, they cause us to be inefficient, and we're working all of that." Despite reporting a $6.3 billion dollar first-quarter profit, Southwest reported a loss of $231 million in the first four months of 2024, substantially more than the $159 million it lost in the same quarter last year. Boe
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LUV
Earnings
- 4/25/24 - Miss
LUV
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form 8-K
- 4/26/24 - Form 10-Q
- LUV's page on the SEC website