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Southwest Airlines may transition from open seating to assigned spots and premium seats.<br/>The airline aims to adapt to changing customer preferences, especially among younger demographics.
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Real Data
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Young and Cool
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Southwest Drops Service to 4 Airports , Amid Boeing Problems.<br/>On April 24, Boeing announced that it will keep production levels lower so that it can focus on the quality and safety of its planes.<br/>The announcement comes after the company has experienced backlash over safety issues, .<br/>such as the incident on Jan. 5 in which a door plug flew off of an Alaska Airlines plane. .<br/>On April 25, Southwest Airlines said that <br/>Boeing delivery delays have caused the company <br/>to stop serving four airports, CNN reports. .<br/>The recent news from Boeing <br/>regarding further aircraft delivery <br/>delays presents significant <br/>challenges for both 2024 and 2025, Southwest CEO Bob Jordan, via statement.<br/>We are reacting and replanning <br/>quickly to mitigate the operational <br/>and financial impacts. , Southwest CEO Bob Jordan, via statement.<br/>Consequently, we have made the <br/>difficult decision to close our <br/>operations [at the four airports], Southwest CEO Bob Jordan, via statement.<br/>The four airports that will be affected are <br/>Bellingham International Airport, <br/>Cozumel International Airport.<br/>Syracuse Hancock International Airport and George Bush Intercontinental Airport.<br/>Southwest also revealed that it <br/>lost $218 million in Q1 2024.<br/>However, revenue was at $6.3 billion, <br/>an 11% increase from last year.<br/>The revenue increase came from an <br/>uptick in passenger traffic, CNN reports.<br/>Southwest shares dipped 7% in <br/>premarket trading on April 25
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Think Media
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MrBeast
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TheStreet’s Caroline Woods brings you the biggest news of the day, including what investors are watching and Tesla’s big win in China.
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PowerfulJRE
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MrBeast
⏲ 13 minutes 50 seconds 👁 86.4M
The Federal Reserve’s preferred measure of inflation – the Personal Consumption Expenditure (PCE) price index – rose more than expected in March, confirming concerning signs of a resurgence in inflationary pressures in the first quarter of the year.<br/><br/>The higher-than-expected PCE report serves as a stark reality check for traders, further postponing expectations of a Federal Reserve rate cut that had already been dwindling in recent weeks.
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Tesla reports first quarter results after market close Tuesday April 23.<br/><br/>The Q1 report comes as questions linger on demand for electric vehicles and questions about Tesla's growth plans are top of mind.
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Lloyds Banking Group has seen its profits drop by more than a quarter in recent months, following a bumper 2023 which saw its earnings hit record highs.
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