Southwest Airlines Stock Sinks After Q1 Results Miss, Guidance Cut

Key TakeawaysSouthwest Airlines had a larger first-quarter loss and lower revenue than expected as it warned about the impact of fewer Boeing plane deliveries.The carrier will limit hiring and cease operations at four airports to cut costs.The news sent shares to their lowest level this year. Shares of Southwest Airlines (LUV) slumped to their lowest level this year Thursday as the carrier posted worse-than-expected quarterly results, cut its guidance, and took steps to save money as its growth was hampered ...