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Southwest Cuts Jobs, Quits Four Airports Due to Boeing Woes

Southwest Airlines might be chopping jobs and ceasing operations at 4 airports whereas decreasing flights from others to minimize prices amid Boeing’s ongoing issues.

Southwest Airlines stated on Thursday that delays in deliveries from Boeing (Southwest makes use of Boeing 737 planes) led to its cost-cutting measures, with a “loss of $231 million for the first quarter, worse than analysts expected, sending its share price down 10 percent in early trading,” in accordance to the New York Times.

Southwest will stop operations on the following airports beginning in August: Bellingham International Airport in Washington State, Cozumel International Airport, George Bush Intercontinental Airport in Houston, and Syracuse Hancock International Airport. It may even cut back flights at Hartsfield-Jackson Atlanta International Airport and Chicago O’Hare International Airport.

As Breitbart News reported this month, a Southwest Airlines Boeing 737-800 was compelled to make an emergency touchdown “after an engine cowling blew off during take-off from Denver International Airport.” That was adopted by one other Boeing (757) dealing with crucial failure when a nostril wheel fell off the airplane earlier than takeoff.

Dude. https://t.co/WD2YQJvbzQ

— Breitbart News (@BreitbartNews) January 24, 2024

According to the New York Times, Southwest stated it expects to obtain “20 new Boeing jets this year, down from the 46 it had previously anticipated.”

“The timing of the deliveries depends on the Federal Aviation Administration, which has capped Boeing’s production while it gets quality issues under control,” famous the outlet.

Bob Jordan, the airline’s chief govt, stated in a press release that the “recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025.”

Southwest Airlines additionally stated it should minimize 2,000 jobs whereas limiting new hires.

According to Yahoo Finance, Boeing shares have been trending downward due to its disastrous quarter efficiency.

“Boeing stock slid 2.8% on Wednesday after the company reported losses that were narrower than fear, but still reported negative free cash flow of nearly $4 billion as a result of the 737 Max crisis that has shaken the aerospace giant,” it famous.

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