Jim Cramer says it is 'too early to buy' Southwest on its brutal five-session slide

CNBC's Jim Cramer expressed sympathy for Southwest as the airline stock was further punished by a new sell call following last week's wider-than-expected quarterly loss on Boeing aircraft delays. "I don't know what you can do. A lot of this is not their fault. It's Boeing's fault," Cramer said Monday on "Squawk on the Street." "I don't know. It's too early to buy" the stock.

He added that the quarterly payout "has been a big help" for investors in Southwest, which has an annual dividend yield of around 2.7%. Due to the Boeing woes, Southwest also announced last week plans to cease operations at several airports and reduce capacity at others. It revealed plans to end the year with 2,000 fewer employees than in 2023. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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