World
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
DALLAS (AP) — American Airlines and Southwest Airlines both lost money in the first quarter, and Southwest said Thursday that it will limit hiring and close operations at four airports.
Southwest expects to end this year with 2,000 fewer employees than it had at the start of the year.
Airlines are dealing with higher labor costs and delays in getting new planes from Boeing, which is limiting their ability to add more flights at a time of high demand for travel.
American said it lost $312 million as labor costs rose 18%, or nearly $600 million. The airline said it expects to return to profitability in the second quarter — a busier time for travel — and post earnings between $1.15 and $1.45 per share. Analysts expect $1.15 per share, according to FactSet.
The first-quarter loss amounted to 34 cents per share excluding special items, which was worse than the loss of 27 cents per share forecast by analysts.
Revenue was $12.57 billion.
Southwest said it lost $231 million and will limit hiring, offer voluntary time off to employees and stop flying to four airports: Cozumel, Mexico; Syracuse, New York; Bellingham, Washington; and George Bush Intercontinental Airport in Houston, where the airline’s major operation is at smaller Hobby Airport.
CEO Robert Jordan said the airline was reacting quickly “to address our financial underperformance” and cope with delayed deliveries of new planes from Boeing. The airline expects to have 802 aircraft by the end of the year, down from an earlier plan for 814 planes.
The Dallas-based airline said the loss, after excluding special items, was 36 cents per share. That was slightly worse than the loss of 34 cents per share that Wall Street expected, according to a FactSet survey.
Revenue rose to $6.33 billion, below analysts’ forecast of $6.42 billion.
World
COP29 Host Urges Collaboration as Deal Negotiations Enter Final Stage
World
Man in India regains consciousness before his cremation on funeral pyre: reports
A 25-year-old man who was declared dead and about to be cremated in India this week was found to be still alive by witnesses, according to reports.
Rohitash Kumar, 25, who was deaf and mute, was declared dead at a hospital in the state of Rajasthan in the northwestern part of India without a post-mortem examination, according to The Times of India.
Once it was clear Kumar was alive at his cremation on Thursday afternoon, his family reportedly took him back to a hospital where he died early Friday morning.
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Three doctors involved in declaring Kumar dead at the Bhagwan Das Khetan district hospital have since been suspended, the newspaper reported.
Kumar had suffered an epileptic seizure and was declared dead after he flatlined while doctors were performing CPR on him, the Daily Mail reported, citing the AFP news service.
10 NEWBORN BABIES DIE IN INDIA AFTER FIRE RIPS THROUGH HOSPITAL NEONATAL UNIT
“The situation was nothing short of a miracle,” a witness at the funeral pyre told local news outlet ETV Bharat. “We all were in shock. He was declared dead, but there he was, breathing and alive.”
Ramavtar Meena, a government official in Rajasthan’s Jhunjhunu district, called the incident “serious negligence.”
“Action will be taken against those responsible. The working style of the doctors will also be thoroughly investigated,” he said.
Meena added that a committee had been formed to investigate the incident.
World
Thousands march across Europe protesting violence against women
Violence against women and girls remains largely unreported due to the impunity, silence, stigma and shame surrounding it.
Thousands marched across France and Italy protesting violence against women on Saturday – two days before the International Day for the Elimination of Violence Against Women.
Those demonstrating protested all forms of violence against women – whether it be sexual, physical, psychological and economic.
The United Nations designated 25 November as the International Day for the Elimination of Violence Against Women. The goal is to raise awareness of the violence women are subjected to and the reality that the scale and nature of the issue is often hidden.
Activists demonstrated partially naked in Rome, hooded in balaclavas to replicate the gesture of Iranian student Ahoo Daryaei, who stripped in front of a university in Tehran to protest the country’s regime.
In France, demonstrations were planned in dozens of cities like Paris, Marseille and Lille.
More than 400 organisations reportedly called for demonstrations across the country amidst widespread shock caused by the Pelicot mass rape trial.
Violence against women and girls remains one of the most prevalent and pervasive human rights violations in the world, according to the United Nations. Globally, almost one in three women have been subjected to physical and/or sexual violence at least once in their life.
For at least 51,100 women in 2023, the cycle of gender-based violence ended with their murder by partners or family members. That means a woman was killed every ten minutes.
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