Trending: Southwest Airlines Cuts Costs
14:05 ET -- Southwest Airlines is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Southwest is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of Boeing plane deliveries dim its prospects for the year. The airline had already planned for moderate growth in 2024, citing the need to tweak its network to better reflect demand. Southwest is limiting hiring and offering voluntary time-off programs, and expects to end this year with 2,000 fewer employees than at the end of 2023. Fallout from the blowout of a door plug on an Alaska Airlines flight in January continues to ripple for Boeing and its airline customers. Boeing faces heightened inspections and regulatory scrutiny. Southwest, which flies only Boeing planes, is one of the hardest-hit airlines. Dow Jones & Co. owns Factiva. (matthew.walker@wsj.com)
(END) Dow Jones Newswires
April 25, 2024 14:17 ET (18:17 GMT)
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