Southwest is ending service in these 4 airports amid Boeing delays [Yahoo! Finance]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: Yahoo! Finance
The airline is set to receive just 20 of the 46 Boeing 737 Max 8 planes it was expecting in 2024, Southwest said Thursday. The delays mean slower growth for the airline, which is looking for ways to cut costs as the airline reported a quarterly loss of $231 million, or 39 cents per share. "Achieving our financial goals is an immediate imperative. The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025. We are reacting and replanning quickly to mitigate the operational and financial impacts while maintaining dependable and reliable flight schedules for our customers," Southwest CEO Bob Jordan said on the company's first quarter earnings call Thursday. One cost-cutting measure includes pulling out of "underperforming markets," he said. Southwest will end service at the following airports on August 4: George Bush International Airport in HoustonBellingham International Airport in Bellingham, WashingtonSyracu
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