DALLAS (WBAP/KLIF) Fort Worth-based American and Dallas-based Southwest airlines both say they lost money in the first quarter, and they’re responding by trying to cut costs.
Southwest said Thursday it will limit hiring, offer voluntary time off to employees, and stop service to four airports after losing $231 million in the first quarter.
Southwest plans to stop flying to Cozumel, Mexico; Syracuse, New York; Bellingham, Washington; and George Bush Intercontinental Airport in Houston, where the airline’s major operation is at smaller Hobby Airport.
American says it lost $312 million but expects to return to profitably in the second quarter, which is traditionally much stronger for travel.
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(WBAP/KLIF Contributed to this Report.)
