Southwest to stop service to 4 airports in wake of rising losses and more Boeing delivery problems [CNN]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: CNN
The four airports are Bellingham International Airport in Washington state, Cozumel International Airport in Mexico, Syracuse Hancock International Airport in New York and Houston's George Bush Intercontinental Airport. Southwest will continue to serve Houston's other airport. “The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025,” said Southwest CEO Bob Jordan in the company's first-quarter financial results statement. “We are reacting and replanning quickly to mitigate the operational and financial impacts. Consequently, we have made the difficult decision to close our operations [at the four airports].” However, in an interview later Thursday on CNBC , Jordan said that the decision to cut service to those four airports would have been made in attempt to improve financial results and would been done with or without the delivery issues with Boeing. “The network actions have really nothing to do with the B
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