Aviation Finance News

"Airline Stocks Face Losses as Southwest Slows Growth Amid Rising Costs"

American Airlines reported a sharp decline in fourth-quarter profit and anticipates a loss in early 2024 due to rising labor costs, while Southwest Airlines also posted a loss and expects to receive fewer new planes from Boeing this year. Both carriers faced challenges with production problems at Boeing, with American predicting a loss of 15 to 35 cents per share in the first quarter and Southwest reporting a $219 million loss in the fourth quarter.