Southwest cuts service to 4 airports; it and American report 1Q loss

Southwest Airlines News

Southwest cuts service to 4 airports; it and American report 1Q loss
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Dallas-based Southwest Airlines is the largest carrier at San Antonio International Airport. American Airlines is No. 2 there.

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 . Dallas -based Southwest, the largest carrier at San Antonio International Airport , will stop flying to Cozumel , Mexico ; Syracuse , New York ; Bellingham , Washington ; and George Bush Intercontinental Airport in Houston , where the airline’s major operation is at the smaller Hobby Airport .

Southwest reaches a labor agreement with flight attendants, who voted down a previous deal last year 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.

With all the headlines about panels and tires falling off, is flying safe? What you need to know. American — San Antonio’s second-largest carrier — said it lost $312 million as labor costs rose 18%, or nearly $600 million. The airline said it expects to return to profitability in the second quarter — a busier time for travel — and post earnings between $1.15 and $1.45 per share. Analysts expect $1.15 per share, according to a FactSet survey.

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Boeing American Airlines CNBC Alaska Airlines Federal Aviation Administration Airbus Factset Robert Jordan Robert Isom Max San Antonio International Airport George Bush Intercontinental Airport American Dallas Hobby Airport Bellingham Cozumel Mexico Syracuse New York Houston Washington Max 9 Wall Street

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