Current:Home > ContactSouthwest says it's pulling out of 4 airports. Here's where. -GlobalInvest
Southwest says it's pulling out of 4 airports. Here's where.
View
Date:2025-04-14 13:22:49
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! (5)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- A White House order claims to end 'censorship.' What does that mean?
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Could your smelly farts help science?
- A South Texas lawmaker’s 15
- South Korean president's party divided over defiant martial law speech
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Meet first time Grammy nominee Charley Crockett
- Military service academies see drop in reported sexual assaults after alarming surge
- 2025 'Doomsday Clock': This is how close we are to self
- The Grammy nominee you need to hear: Esperanza Spalding
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
New data highlights 'achievement gap' for students in the US
Woman dies after Singapore family of 3 gets into accident in Taiwan
2 killed, 3 injured in shooting at makeshift club in Houston
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest