Southwest Pulling out of 4 Airports Due to First Quarter Loss, Boeing Problems

Published on April 26, 2024

Boeing’s recent spate of highly publicized mechanical problems on its 737 Max jets has been rippling through the airline industry, and Southwest Airlines appears to be its latest point of impact. Southwest announced that it would pull out of four airports in the coming months to cut costs after a first-quarter loss of $231 million, or 39 cents per share. Its adjusted loss of 36 cents per share was higher than the forecasted 34 cents per share. The loss was worse than expected, and some newer Southwest markets underperformed due to slower-than-expected last-minute leisure bookings. Southwest had a record first-quarter operating revenue of $6.33 billion because of strong travel demand, so the picture isn’t all negative. But analysts had forecast revenues of $6.42 billion, so even that number isn’t a win for the airline....

Continue reading on website
Other news

Fellow Reservist Warned of Mass Shooting Before Gunman’s Attack in Maine

April 26, 2024
AUGUSTA, Maine—An Army reservist and friend of the gunman behind Maine’s deadliest shooting testified Thursday about his friend’s mental decline, describing publicly for the first time the warning he issued a month before the tragedy unfolded.Sean Hodgson texted leaders of his reserve unit six weeks before the shooting that left 18 people dead and 13 wounded, telling them to change the passcode to

Premier of Queensland’s Labor Left Expects to Be Swept Out of Power

April 26, 2024
Queensland Premier Steven Miles has admitted it is very likely that he will be swept out of power at the next election in October 2024.The admission comes just a week after the parliament passed legislation committing Queensland to achieving 75 percent renewable energy by 2035.The Labor leader, who took over the top job from Annastacia Palaszczuk in December 2023, hails from the party’s left facti