Southwest Airlines to cut flights this year amid 'macroeconomic uncertainty'
- Southwest Airlines reported a first-quarter loss of $149 million, which was better than analysts' expectations of a $0.18 loss.
- The airline's revenue reached $6.43 billion, surpassing estimates of $6.39 billion.
- Beginning May 28, Southwest will implement a fee for checked luggage, ending its longstanding policy of allowing two free checked bags.
16 Articles
16 Articles
Southwest Airlines to cut flights this year amid 'macroeconomic uncertainty'
The airline cited macroeconomic uncertainty as the reasoning for the scaleback “given recent and short-lived booking trends.” Read this story for more details on the Dallas-based carrier's Q1 earnings.
Southwest Airlines joins rivals Delta, United in cutting flights, scrapping forecasts
Southwest Airlines became the latest US carrier on Wednesday to withdraw its financial forecast as President Trump's trade war has created the biggest uncertainty for the industry since the COVID-19 pandemic.
Southwest Airlines pulls its profit forecast for 2025 and 2026
By Rajesh Kumar Singh CHICAGO (Reuters) -Southwest Airlines pulled its profit outlook for 2025 and 2026 on Wednesday, citing the current macroeconomic uncertainty. The Texas-based airline’s shares were down about 4% in after-hours trading. Southwest had previously forecast $1.7 billion in earnings before interest and taxes this year and about $3.8 billion for next year. “Amid the current macroeconomic uncertainty, it is difficult to forecast giv…
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