Southwest Airlines reported a Q1 adjusted EPS of -$0.36, slightly below the LSEG IBES estimate of -$0.34, and a net EPS of -$0.39. The airline's Q1 revenue was $6.33 billion, missing the expected $6.42 billion. Additionally, Southwest plans to reduce its workforce by about 2,000 employees by the end of 2024. The airline anticipates a 6.5% to 7.5% increase in Q2 CASM-X and expects Q2 economic fuel costs per gallon to range from $2.70 to an unspecified upper limit. In related industry news, American Airlines is adjusting routes due to Boeing 787 delivery delays, and Southwest's business is similarly impacted by lower aircraft deliveries from Boeing.