Southwest posts quarterly loss, warns more losses to come after service slumps

Southwest posts quarterly loss, warns more losses to come after service slumps

New York CNN — Southwest Airlines reported a fourth-quarter loss due to the company’s service slump during the holiday travel season, and it warned the costs of those issues would result in another first-quarter loss. . The airline was forced to cancel more than 16,700 flights between Dec. 21 and Dec. 29, about half of … Read more

Here’s what Boeing blames for its big loss

Here’s what Boeing blames for its big loss

New York CNN — Boeing reported a fourth-quarter operating loss of $650 million, surprising Wall Street analysts who expected the aviation giant to turn a profit. The company blamed the unexpected loss on “abnormal production costs” as it tried to both deliver the remaining backlog of 737 Max jets and ramp up deliveries of 787 … Read more