Southwest reported a loss of $231 million, or 39 cents a share, for the quarter, becoming the latest carrier to face setbacks due to Boeing's issues.
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 in Boeing's latest earnings report that the carrier has intensified its network optimization efforts to address underperforming markets.
Southwest is the latest carrier to face setbacks due to Boeing. In early March, United Airlines announced it was temporarily pausing pilot hiring due to new aircraft certification and manufacturing delays at Boeing. It also recently asked pilots to take unpaid time off as delays persist.
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