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Published 10 days ago

Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well

  • Southwest Airlines lost $231 million and plans to end the year with 2,000 fewer employees, as well as cease operations at four airports.
  • American Airlines and Southwest Airlines both reported financial losses in the first quarter, leading Southwest to make cutbacks and close operations at select airports.
  • CEO Robert Jordan stated the airline is taking quick action to address financial challenges and manage delayed plane deliveries from Boeing.
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