Southwest $231MM quarterly loss at 100% Boeing airline; closes operations at multiple airports

By Daniella Genovese

Southwest Airlines announced Thursday that the carrier is pulling out of several airports as it contends with financial fallout from Boeing delays. CEO Bob Jordan warned that the carrier has intensified its network optimization efforts to address underperforming markets. As a result, the Texas-based carrier is closing operations at:

  • Houston’s George Bush Intercontinental Airport
  • Bellingham International Airport in Washington
  • Cozumel International Airport in Mexico
  • Syracuse Hancock International Airport in New York

Jordan placed some of the blame on Boeing’s manufacturing delays, stating that “the recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025.”

While he said it was disappointing to incur a loss in the quarter, the chief executive added that the company is “focused on controlling what we can control and have already taken swift action to address our financial underperformance and adjust for revised aircraft delivery expectations.”

Southwest reported a loss of $231 million, or 39 cents a share, for the quarter.

4 thoughts on “Southwest $231MM quarterly loss at 100% Boeing airline; closes operations at multiple airports”

  1. Out of all the discount airlines, Southwest is the only one I like so this is unfortunate to see. FYI: Frontier airlines is a slum in the air and they cancel flights all the time cause it’s cheaper for them to do that on a plane that’s not full, rather than pay all the landing fees. Southwest isn’t like that.

    The airline industry is literally falling apart. One of my colleagues out west texted the other day he’d be late for a meeting because they were on the tarmac, waiting for a part that fell off to be put back on.

    Aging aircraft falling apart + pilots who got the suicidal jab = not good.

  2. It’s almost as if the very special people who own the airlines don’t want us little peoples to have access to rapid air transportation anymore. Similar to what’s happening in the auto industry, and its suicidal commitment to electric vehicles.

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