DALLAS — North Texas-based airlines Southwest and American released their first-quarter earnings reports Thursday morning, and both companies reported losses.
One of the factors impacting American's bottom line was a significant increase in the cost of fuel, CEO Robert Isom said in a press release. But American officials in the release said the company"is running the best operation in its history," citing a best-ever first-quarter completion factor and improved handling of baggage.
For Southwest, the Dallas-based airline posted a $231 million loss on revenues of $6.3 billion. Southwest officials pointed to issues with Boeing delivery delays. Southwest officials in March said the company plans to reduce capacity and reevaluate its full-year financial outlook because of fewer expected aircraft deliveries from it supplier, Boeing.