Economy

January 23, 2009 7:09 AM

Southwest Airlines plans to shrink for first time in history

Southwest Airlines plans to shrink this year for the first time in the company’s history as it navigates a stormy financial environment. The Dallas-based discount carrier, which carries more passengers than any other U.S. airline, reported a $56 million loss for the fourth quarter, only its second quarterly loss ever. Southwest blamed the loss ona sharp fluctuation in fuel prices.

Related content

Comments

Videos

More Videos

Dog attacks butterfly as horrified owner captures it on video 00:28

Dog attacks butterfly as horrified owner captures it on video

Death penalty politics 01:52

Death penalty politics

Why the Indiana primary matters for Ted Cruz and the 2016 election 03:30

Why the Indiana primary matters for Ted Cruz and the 2016 election

Why it's hard to keep the pounds off 03:01

Why it's hard to keep the pounds off

College sophomore from South Carolina honored at White House Correspondents Association dinner 00:27

College sophomore from South Carolina honored at White House Correspondents Association dinner

Obama's last White House Correspondents' Association Dinner speech 32:40

Obama's last White House Correspondents' Association Dinner speech

What are ‘bathroom rights’? 01:17

What are ‘bathroom rights’?

British royal family, Obamas trash talk ahead of Invictus Games 00:40

British royal family, Obamas trash talk ahead of Invictus Games

Actress Allison Janney surprises reporters at White House press briefing 02:49

Actress Allison Janney surprises reporters at White House press briefing

Senators McCain, Roberts have heated exchange over Obama’s Army nominee 02:32

Senators McCain, Roberts have heated exchange over Obama’s Army nominee

Bald eagle parents feed a cat to their babies 01:41

Bald eagle parents feed a cat to their babies

John Boehner calls Ted Cruz ‘Lucifer in the flesh’ 00:45

John Boehner calls Ted Cruz ‘Lucifer in the flesh’

Share Video

Editor's Choice Videos