Current:Home > StocksSouthwest says it's pulling out of 4 airports. Here's where. -Elevate Capital Network
Southwest says it's pulling out of 4 airports. Here's where.
View
Date:2025-04-14 06:25:48
Southwest Airlines is suspending service at some airports across the U.S. as it slows its growth, in part because of Boeing aircraft delivery delays.
The airline is set to receive just 20 of the 46 Boeing 737 Max 8 planes it was expecting in 2024, Southwest said Thursday.
The delays mean slower growth for the airline, which is looking for ways to cut costs as it reported a quarterly loss of $231 million, or 39 cents per share.
"Achieving our financial goals is an immediate imperative. The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025. We are reacting and replanning quickly to mitigate the operational and financial impacts while maintaining dependable and reliable flight schedules for our customers," Southwest CEO Bob Jordan said on the company's first quarter earnings call Thursday.
One cost-cutting measure includes pulling out of "underperforming markets," he said.
Southwest will end service at the following airports on August 4:
- George Bush International Airport in Houston
- Bellingham International Airport in Bellingham, Washington
- Syracuse Hancock International Airport in Syracuse, New York
- Cozumel International Airport on Cozumel island, Mexico
The carrier will also make significant changes to its operations in other markets, including cutting the number of flights at both Hartsfield-Jackson Atlanta International Airport and Chicago O'Hare International Airport.
Airlines generally withdraw from regional airports and cut unprofitable or less-profitable routes to save on labor costs, or add capacity to more profitable routes and generate more revenue.
In March, JetBlue said it was cutting unprofitable routes and exiting two U.S. cities altogether after a judge blocked its $3.8 billion bid for Spirit Airlines earlier this year. JetBlue cited limited aircraft as one driver of the cuts, which allow the airline to operate more flights on its busiest routes.
Additionally, Southwest said Thursday that it is exploring making improvements to its plane cabins and seating options. The low-cost carrier does not charge customers seat-selection fees, which have become a growing source of revenue for its competitors.
Megan CerulloMegan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.
veryGood! (18539)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Charges revealed against former Trump chief of staff in Arizona fake elector case
- At least 9 dead, dozens treated in Texas capital after unusual spike in overdoses
- Ford recalls over 240,000 Maverick pickups due to tail lights that fail to illuminate
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Why Sofía Vergara Felt Empowered Sharing Truth Behind Joe Manganiello Split
- Marcus Outzen dies: Former Florida State quarterback started national title game
- Ex-Tesla worker says he lost job despite sacrifices, including sleeping in car to shorten commute
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Kentucky Derby has had three filly winners. New challenges make it hard to envision more.
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- She had Parkinson's and didn't want to live. Then she got this surgery.
- Yankees' Juan Soto stares down Orioles pitcher after monstrous home run
- Why Olivia Culpo Dissolved Her Lip Fillers Ahead of Her Wedding to Christian McCaffrey
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- The botched FAFSA rollout leaves students in limbo. Some wonder if their college dreams will survive
- 'The Fall Guy' review: Ryan Gosling brings his A game as a lovestruck stuntman
- Harvey Weinstein to return to court Wednesday after his NY rape conviction was overturned
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
‘I Saw the TV Glow’ is one of 2024’s buzziest films. It took Jane Schoenbrun a lifetime to make it
Number of searches on Americans in FBI foreign intelligence database fell in 2023, report shows
NHL playoffs results: Hurricanes advance, Bruins fumble chance to knock out Maple Leafs
Trump's 'stop
76ers force Game 6 vs. Knicks after Tyrese Maxey hits clutch shot to force overtime
Potential serial killer arrested after 2 women found dead in Florida
E. coli outbreak: Walnuts sold in at least 19 states linked to illnesses in California and Washington