"Boeing Woes Trigger Hiring Freeze and Cost Review, Southwest Takes a Hit"

Southwest Airlines plans to cut capacity, halt hiring, and review spending due to reduced Boeing aircraft deliveries, leading to an expected net loss this quarter and a lower headcount by year-end. The airline's downcast outlook reflects the broader impact of Boeing's crisis on the aviation industry, with Alaska Airlines also facing capacity uncertainty. Boeing's regulatory and criminal investigations following a near-catastrophic accident have led to mandated output caps on its 737 Max model, affecting many customers. Other US airlines, including American, Delta, and JetBlue, are also adjusting their forecasts in response to industry challenges.