Southwest Drops Service to 4 Airports Amid Boeing Problems from anthem insider trading Watch Video

⏲ Duration: 1:31
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✓ Published: 25-Apr-2024

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Southwest Drops Service to 4 Airports , Amid Boeing Problems.<br/>On April 24, Boeing announced that it will keep production levels lower so that it can focus on the quality and safety of its planes.<br/>The announcement comes after the company has experienced backlash over safety issues, .<br/>such as the incident on Jan. 5 in which a door plug flew off of an Alaska Airlines plane. .<br/>On April 25, Southwest Airlines said that <br/>Boeing delivery delays have caused the company <br/>to stop serving four airports, CNN reports. .<br/>The recent news from Boeing <br/>regarding further aircraft delivery <br/>delays presents significant <br/>challenges for both 2024 and 2025, Southwest CEO Bob Jordan, via statement.<br/>We are reacting and replanning <br/>quickly to mitigate the operational <br/>and financial impacts. , Southwest CEO Bob Jordan, via statement.<br/>Consequently, we have made the <br/>difficult decision to close our <br/>operations [at the four airports], Southwest CEO Bob Jordan, via statement.<br/>The four airports that will be affected are <br/>Bellingham International Airport, <br/>Cozumel International Airport.<br/>Syracuse Hancock International Airport and George Bush Intercontinental Airport.<br/>Southwest also revealed that it <br/>lost $218 million in Q1 2024.<br/>However, revenue was at $6.3 billion, <br/>an 11% increase from last year.<br/>The revenue increase came from an <br/>uptick in passenger traffic, CNN reports.<br/>Southwest shares dipped 7% in <br/>premarket trading on April 25