Both Southwest and American Airlines reported first-quarter losses Thursday.
FILE – A line of Southwest Air Boeing 737 jets are parked near the company’s production plant while being stored at Paine Field Friday, April 23, 2021, in Everett, Wash. Southwest Air reports earnings on Thursday, April 25, 2024. DALLAS — 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.
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. The moves will help the airline focus on more profitable locations and deploy a fleet of planes that will be smaller than it had planned. Southwest said it expects to get only 20 new 737 Max 8 jets from Boeing this year, down from the 46 it expected just a few weeks ago. It will offset some of the shortage by retiring fewer planes.
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