Current:Home > StocksSouthwest says it's pulling out of 4 airports. Here's where. -SecureWealth Bridge
Southwest says it's pulling out of 4 airports. Here's where.
View
Date:2025-04-16 18:06:27
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! (3)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Katherine Schwarzenegger Gives Birth, Welcomes Baby No. 3 With Chris Pratt
- Voters in California city reject measure allowing noncitizens to vote in local races
- Volkswagen, Mazda, Honda, BMW, Porsche among 304k vehicles recalled: Check car recalls here
- Trump wants to turn the clock on daylight saving time
- Wildfires burn from coast-to-coast; red flag warnings issued for Northeast
- Too Hot to Handle’s Francesca Farago Gives Birth, Welcomes Twins With Jesse Sullivan
- The Best Corduroy Pants Deals from J.Crew Outlet, Old Navy, Levi’s & More, Starting at $26
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Saving for retirement? How to account for Social Security benefits
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Lions QB Jared Goff, despite 5 interceptions, dared to become cold-blooded
- US Election Darkens the Door of COP29 as It Opens in Azerbaijan
- Olivia Munn Says She “Barely Knew” John Mulaney When She Got Pregnant With Their Son
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Former NFL coach Jack Del Rio charged with operating vehicle while intoxicated
- Nicole Scherzinger receives support from 'The View' hosts after election post controversy
- What that 'Disclaimer' twist says about the misogyny in all of us
Recommendation
Why members of two of EPA's influential science advisory committees were let go
The Masked Singer's Ice King Might Be a Jonas Brother
Richard Allen found guilty in the murders of two teens in Delphi, Indiana. What now?
Gavin Rossdale Makes Rare Public Appearance With Girlfriend Xhoana Xheneti
Arkansas State Police probe death of woman found after officer
Kate Spade Outlet’s Early Black Friday Sale – Get a $259 Bag for $59 & More Epic Deals Starting at $25
Pentagon secrets leaker Jack Teixeira set to be sentenced, could get up to 17 years in prison
It's cozy gaming season! Video game updates you may have missed, including Stardew Valley