Southwest Airlines will limit hiring and stop flying to four airports, including George Bush Intercontinental Airport in Houston, as it copes with weak financial results and delays in getting new planes from Boeing.
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 aircraft deliveries are limiting their ability to add more flights.
Boeing is struggling with slower production since a door plug blew out of an Alaska Airlines Max 9 in January, and that is frustrating its airline customers.MORE NEWS: Biden's new airline rules could get you cash back for canceled flightsDallas-based Southwest said that its loss, after excluding special items, was 36 cents per share. That was slightly worse than the loss of 34 cents per share that Wall Street expected.Revenue rose to $6.33 billion, below analysts’ forecast of $6.42 billion.
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