Current:Home > ContactSouthwest says it's pulling out of 4 airports. Here's where. -MoneyStream
Southwest says it's pulling out of 4 airports. Here's where.
View
Date:2025-04-16 04:00:03
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! (9336)
Related
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- Body cam video shows fatal Fort Lee police shooting unfolded in seconds
- Yes, cashews are good for you. But here's why it's critical to eat them in moderation.
- 'Boy Meets World' star Danielle Fishel diagnosed with breast cancer
- Giants, Lions fined $200K for fights in training camp joint practices
- Tamirat Tola and Hellen Obiri look to defend titles in New York City Marathon
- Native Americans go missing at alarming rates. Advocates hope a new alert code can help
- Friends' Creator Urges Fans to Remember Matthew Perry for His Legacy, Not His Death
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- A North Carolina woman dies after going on a Vodou retreat in Haiti. Her son wants answers.
Ranking
- USA women's basketball live updates at Olympics: Start time vs Nigeria, how to watch
- Dance Moms Alum Kalani Hilliker Engaged to Nathan Goldman
- Pregnant Brittany Mahomes Shares Adorable Glimpse at Bedtime Routine With Patrick and Their Kids
- Doja Cat and Stranger Things' Joseph Quinn Pack on the PDA After Noah Schnapp DM Drama
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Here’s How Often the Sheets in the Love Island USA Villa Are Really Changed
- A South Texas school district received a request to remove 676 books from its libraries
- Semi-truck catches fire, shuts down California interstate for 16 hours
Recommendation
Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
Settlement reached in D'Vontaye Mitchell's death; workers headed for trial
PHOTO COLLECTION: AP Top Photos of the Day Tuesday August 20, 2024
Former NFL player accused of urinating on passenger during Boston to Dublin flight
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
You'll Be Crazy in Love With Beyoncé and Jay-Z's Rare Outing in New York City
George Santos due in court, expected to plead guilty in fraud case, AP source says
Semi-truck catches fire, shuts down California interstate for 16 hours