Southwest to exit 4 airports and limit hiring following profit loss, Boeing plane delays [USA TODAY]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: USA TODAY
In a release posted after the company's earnings call Thursday, the Dallas, Texas-based budget airline in the first quarter of 2024. Southwest President and CEO Bob Jordan called those losses "disappointing," and said the airline is adjusting to "slower than planned growth for this year and next." In an interview with CNBC ahead of the earnings call Thursday, Jordan said the company was weighing options for cabin reconfiguration to address its recent revenue shortfall. “We're looking into new initiatives, things like the way we seat and board our aircraft,” Jordan told the network. The airline said it now expects to end this year with approximately 2,000 fewer employees than 2023 through cost control initiatives, including limiting hiring and offering voluntary time off programs, not through furloughs or layoffs. And with aircraft delivery delays from that could continue into 2025, Southwest said it is also planning to mitigate any operational and financial impacts while keep
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News
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- Southwest Airlines Co. (NYSE: LUV) had its price target lowered by analysts at Sanford C. Bernstein from $27.00 to $26.00. They now have a "market perform" rating on the stock.MarketBeat
- Southwest pilots' hours may be cut due to Boeing delivery delays: Reuters [Yahoo! Finance]Yahoo! Finance
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