Southwest will limit hiring and drop 4 airports after posting 1st quarter revenue loss
by ABC7 Chicago
ABC7 Chicago— American and Southwest airlines both say they lost money in the first quarter, and they're responding by trying to cut costs.
CNBC—Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss. Bristol Myers Squibb said the charges primarily reflect its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune.
WKBN.com—Southwest closing operations at 4 airports. Southwest is closing operations at four airports because of delivery delays for Boeing airliners. The cutback comes as the airline reported a first-quarter loss of $231 million and said it will also limit hiring and offer voluntary leave to employees.
Honolulu Star-Advertiser—Amazon reports $143.3B in revenue for 1st quarter of 2024. SEATTLE >> Amazon reported its highest first-quarter profit on Tuesday as it continued to wring efficiencies out of its retail business and recharge growth in its cloud computing operations.