Southwest posts a 1Q loss and will limit hiring, offer voluntary leave to staff and drop 4 airports
Southwest Airlines will limit hiring and offer voluntary leave to employees after losing money in the first quarter
By AP News
Published - Apr 25, 2024, 07:21 AM ET
Last Updated - May 27, 2024, 01:07 AM EDT
DALLAS (AP) —
Southwest Airlines said Thursday that it lost $231 million in the first quarter and will limit hiring, offer voluntary leave to employees and stop flying to four airports.
CEO Robert Jordan said the airline expects to end this year with 2,000 fewer employees than it had at the end of last year.
Jordan said Southwest was reacting quickly “to address our financial underperformance” and cope with delayed deliveries of new planes from Boeing. The airline expects to have 802 aircraft by the end of the year, down from an earlier plan for 814 planes.
