Southwest Airways is ending flights to 4 main airports — three of that are at present served by nonstop routes from Denver Worldwide Airport — and reducing again on flights to 2 others, the airline introduced Thursday.
Beginning Aug. 4, Southwest will not fly in or out of Bellingham Worldwide Airport in Washington state, Cozumel Worldwide Airport in Mexico, Houston’s George Bush Intercontinental Airport and Syracuse Hancock Worldwide Airport in New York state, in accordance with a Thursday information launch from Southwest Airways.
The airline can even scale back operations at Hartsfield-Jackson Atlanta Worldwide Airport in Georgia and Chicago O’Hare Worldwide Airport, the discharge said.
Of the canceled flights, Southwest supplied nonstop routes out of Denver to Bellingham, Cozumel and Houston’s George Bush. The airline additionally supplied flights to Syracuse from DIA by way of connections.
The cuts are linked partially to challenges offered by Boeing plane supply delays and below-projected first-quarter earnings this yr, Thursday’s launch said.
The airline is about to obtain lower than half of the Boeing 737 Max 8 planes it was anticipating in 2024, Southwest stated Thursday. Of the 46 planes initially projected, solely 20 can be delivered.
“Attaining our monetary objectives is a direct crucial,” Southwest president and CEO Bob Jordan said within the launch Thursday. “The latest information from Boeing concerning additional plane supply delays presents important challenges for each 2024 and 2025. … To enhance our monetary efficiency, we’ve got intensified our community optimization efforts to deal with underperforming markets.”
Supply delays make it tough for the corporate to extend flights and recoup misplaced earnings from the yr’s underperforming begin, the airline stated.
In response to Thursday’s launch, Southwest misplaced greater than $230 million — roughly $0.39 per share — within the first quarter. When excluding particular gadgets, the adjusted internet loss was $218 million.
Nevertheless, the corporate additionally recorded a file first-quarter working income of $6.3 billion and a file variety of passengers carried throughout the quarter, in accordance with Thursday’s launch.
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