Current:Home > reviewsSouthwest says it's pulling out of 4 airports. Here's where. -WealthGrow Network
Southwest says it's pulling out of 4 airports. Here's where.
View
Date:2025-04-14 17:34:51
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! (4268)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Cal State campuses brace for ‘severe consequences’ as budget gap looms
- Squatters graffiti second vacant LA mansion owned by son of Philadelphia Phillies owner
- Marcellus Williams executed in Missouri amid strong innocence claims: 'It is murder'
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- There's NIL and Pac-12 drama plus an Alabama-Georgia showdown leading the College Football Fix
- Helene reaches hurricane status ahead of landfall in Florida: Live updates
- Every J.Crew Outlet Order Today Includes Free Shipping, Plus an Extra 50% off Sale -- Styles Start at $9
- What do we know about the mysterious drones reported flying over New Jersey?
- One killed after bus hijacked at gunpoint in Los Angeles, police chase
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Maryland files lawsuit against cargo ship owners in Francis Scott Key Bridge collapse
- Secret Service failures before Trump rally shooting were ‘preventable,’ Senate panel finds
- Sean Diddy Combs and Kim Porter’s Kids Break Silence on Rumors About Her Death and Alleged Memoir
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Why Savannah Chrisley Feels “Fear” Ahead of Mom Julie Chrisley’s Resentencing
- District attorney is appointed as judge on the Mississippi Court of Appeals
- 1969 Dodge Daytona Hemi V8 breaks auction record with $3.3 million bid
Recommendation
B.A. Parker is learning the banjo
Top Muslim-voter organization endorses Harris as Middle East conflict escalates
Coca-Cola Spiced pulled from shelves less than a year after drink's release
Hailey Bieber Reacts to Sighting of Justin Bieber Doppelgänger
The Best Stocking Stuffers Under $25
1 charged after St. Louis police officer hit and killed responding to crash
OpenAI exec Mira Murati says she’s leaving artificial intelligence company
DWTS’ Brooks Nader and Gleb Savchenko Detail “Chemistry” After Addressing Romance Rumors