American and Southwest airlines both say they lost money in Q1
Time:2024-05-07 17:26:08 Source:worldViews(143)
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.
You may also like
- Guardians place AL
- Team China runs cold in World Cup warm
- Xinjiang delivers 740 billion kWh of electricity to nation
- Xi Extends Congratulations on DPRK's 75th Founding Anniversary
- College protests: Columbia University cancels main commencement
- Parcel delivery sees booming growth
- Crunch time for Team China
- Messi makes the difference in Miami's latest thrill ride
- Can yogurt reduce the risk of Type 2 diabetes?