Southwest Airlines plans to cut jobs and suspend operations at four airports while cutting flights at other airports to cut costs amid continued turmoil at Boeing Co.
Southwest Airlines said on Thursday that delays in deliveries from Boeing Co. (which uses Boeing 737s) led to cost-cutting measures, with a “first-quarter loss of $231 million, ahead of analysts’ expectations.” worse than send The stock price fell 10% in early trading. new york times.
Starting in August, Southwest Airlines will suspend operations at Washington state’s Bellingham International Airport, Cozumel International Airport, Houston’s George Bush Intercontinental Airport and Syracuse Hancock International Airport. Hartsfield-Jackson Atlanta International Airport and Chicago O’Hare International Airport will also reduce flights.
As Breitbart News reported this month, a Southwest Airlines Boeing 737-800 was forced to make an emergency landing “after the engine cowling was blown during takeoff from Denver International Airport.” Later, another Boeing (757) suffered a serious failure before takeoff when its nose wheel fell off.
— Breitbart News (@BreitbartNews) January 24, 2024
by new york times“We expect to receive 20 new Boeing jets this year, fewer than the 46 we previously expected,” Southwest Airlines said in a statement.
“The timing of deliveries is up to the Federal Aviation Administration, which is restricting Boeing’s production while it manages Boeing’s quality issues,” the paper said.
“Recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025,” CEO Bob Jordan said in a statement. Ta.
Southwest Airlines also announced it would cut 2,000 jobs while limiting new hires.
According to Yahoo Finance, Boeing stock is trend Disastrous quarterly results led to downward revisions.
The newspaper said: “Boeing shares fell 2.8% on Wednesday after the company reported narrower-than-concerned losses, but were still free from free shipping as a result of the 737 Max plane crisis that has rocked the aerospace giant. It reported negative cash flow of nearly $4 billion.”
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