Current:Home > ContactSouthwest says it's pulling out of 4 airports. Here's where. -Clarity Finance Guides
Southwest says it's pulling out of 4 airports. Here's where.
View
Date:2025-04-24 23:22:20
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! (965)
Related
- Tom Holland's New Venture Revealed
- Their sacrifice: Selfess Diamondbacks 'inch closer,' even World Series with 16-hit ambush
- Jagger watches Barcelona wear Stones logo in ‘clasico’ but Beatles fan Bellingham gets Madrid winner
- African tortoise reunites with its owner after being missing for 3 years in Florida
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Severe drought in the Amazon reveals millennia-old carvings
- Lance Bass Weighs in on Criticism of Justin Timberlake After Britney Spears Memoir Release
- Fed up with mass shootings, mayors across nation call for gun reform after 18 killed in Maine
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- 2 dead, 18 injured in Tampa street shooting, police say
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Police say shooting at Chicago house party leaves 15 people injured, including 2 critically
- Mission impossible? Biden says Mideast leaders must consider a two-state solution after the war ends
- Matthew Perry's Family Speaks Out After Actor's Death
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- 'Breakfast Club' host DJ Envy is being sued for alleged investment fraud
- Halloween performs a neat trick, and it's not just about the treats
- Spooky savings: 23 businesses offering Halloween discounts from DoorDash, Red Lobster, Chipotle, more
Recommendation
Average rate on 30
Water woes, hot summers and labor costs are haunting pumpkin farmers in the West
Maine mass shootings updates: Note from suspected gunman; Biden posts condolences
Poultry companies ask judge to dismiss ruling that they polluted an Oklahoma watershed
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Manhunt for Maine shooting suspect Robert Card prompts underwater searches
Manhunt for Maine shooting suspect Robert Card prompts underwater searches
'Wait Wait' for October 28, 2023: With Not My Job guest Bernie Taupin