Current:Home > ScamsSouthwest says it's pulling out of 4 airports. Here's where. -Blueprint Money Mastery
Southwest says it's pulling out of 4 airports. Here's where.
View
Date:2025-04-17 06:48:41
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! (722)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Wisconsin man gets 15 year prison sentence for 2022 building fire that killed 2 people
- TikToker Allison Kuch Reveals Why She’s Not Sharing Daughter Scottie On Social Media
- A Visionary Integration with WFI Token and Financial Education
- Why members of two of EPA's influential science advisory committees were let go
- Michael Cohen: A challenging star witness in Donald Trump’s hush money trial
- How Blac Chyna Found Angela White Again in Her Transformation Journey
- Wisconsin man gets 15 year prison sentence for 2022 building fire that killed 2 people
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Despite Indiana’s strong record of second-in-command women, they’ve never held its highest office
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Connecticut Democrats unanimously nominate U.S. Sen. Chris Murphy for a third term
- Sacramento State's unique approach helps bring peaceful end to campus protest
- At least 11 dead, mostly students, in Indonesia bus crash after brakes apparently failed, police say
- Highlights from Trump’s interview with Time magazine
- A Visionary Integration with WFI Token and Financial Education
- Toddler born deaf can hear after gene therapy trial breakthrough her parents call mind-blowing
- This Abercrombie & Fitch Shorts Sale Is Long on Deals -- Save 25% Plus an Extra 15%
Recommendation
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
1 dead after shooting inside Ohio movie theater, police say
Famous Iranian director Mohammad Rasoulof sentenced to lashings and 8 years in prison ahead of Cannes film festival, lawyer says
Taking photos of the northern lights with your smartphone? Tips to get the best picture
Tom Holland's New Venture Revealed
Kyle Richards Uses This Tinted Moisturizer Every Single Day: Get 2 for Less Than the Price of 1
New Mexico governor seeks hydrogen investment with trip to Netherlands
Jeannie Mai Shares Insight Into Life With Adventure-Loving 2-Year-Old Daughter Monaco