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

The loss was worse than expected.

A general view of a Southwest Airlines jet photographed at LaGuardia Airport in the Queens borough of New York City on Feb. 4, 2024. Bruce Bennett/Getty Images

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.