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
Ben Whishaw lights up the Croisette as he joins his co
Ben Whishaw was all smiles at the world premiere of Limonov: The Ballad at the 77th annual Cannes Fi2024-05-21Chinese embassy urges US, UK and Australia to stop forming exclusionary blocs
The Chinese Embassy in the United Kingdom (UK) on Tuesday voiced firm opposition to the United State2024-05-21China's manufacturing PMI down in April
A staff member works at a workshop of China First Heavy Industries (CFHI) in Qiqihar, northeast Chin2024-05-21US oil imports up, exports down last week
U.S. crude oil imports increased while exports decreased during the week ending April 26, the U.S. E2024-05-21OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
NEW YORK (AP) — OpenAI says it plans to halt the use of one of its ChatGPT voices after some users s2024-05-21Sickening moment father made his six
Disturbing footage has emerged of a New Jersey father forcing his six-year-old son to run on a tread2024-05-21
atest comment