"Airline Stocks Face Losses as Southwest Slows Growth Amid Rising Costs"
TL;DR
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.
Topics:businessaviation-finance#american-airlines#aviation-finance#boeing#loss#revenue#southwest-airlines
- Southwest Airlines is reporting a loss, and American expects to start the new year with a loss Yahoo Finance
- Southwest: Q4 Earnings Snapshot The Washington Post
- American, Southwest Airlines Shares Lifted by Earnings Beats The Wall Street Journal
- Airline Stocks' Q4 Earnings Roster for Jan 25: AAL, ALK, LUV Yahoo Finance
- Southwest Airlines Slows Growth Plans Again With Costs Rising Bloomberg
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