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It isn't just Boeing that's bleeding billions — major US airlines are hemorrhaging cash too

By Sports Wire on April 26, 2024

A Boeing manufacturing plant.
A Boeing manufacturing plant.

Toby Scott/SOPA Images/LightRocket via Getty Images


  • It's not just Boeing. Airlines are facing big losses as well.
  • Southwest Airlines and American Airlines posted losses in the first quarter of 2024.
  • Southwest CEO Bob Jordan said Boeing's aircraft delivery delays "are very painful."

Boeing isn't the only company grappling with turmoil in the aviation industry.

On Thursday, Southwest Airlines and American Airlines reported losses in their quarterly earnings call.

Southwest Airlines said it would be ceasing flights to four airports —Bellingham International Airport, Cozumel International Airport, George Bush Intercontinental Airport, and Syracuse Hancock International Airport — from early August after a $231 million loss in the first quarter of 2024.

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