CNBC’s Phil LeBeau and Southwest Airlines CEO Bob Jordan join 'Squawk on the Street' to discuss the company's quarterly earnings results, his thoughts on the midair collision between an American Airlines regional jet and a Black Hawk military helicopter,

US airlines had gone 16 years without a fatal crash until Wednesday night. But as impressive as that safety record had been, there have been warning signs in recent years of a significant risk of a collision like the one that just killed 67 people.

Delta, United, American and Southwest generated about $8 billion in profit on $200 billion in revenue last year, but the airlines all lost money flying passengers.

The cause of the crash has not yet been determined, but Donald Trump blamed it on diversity, equity, and inclusion (DEI).

The American Airlines’ subsidiary has ties that go back decades in Ohio, and just said it was moving its headquarters to Charlotte.

Frontier had pitched the bankrupt airline on a coupledom that it claimed would have created a formidable low-cost competitor in the battle for passengers against American Airlines, Delta, Southwest, and United. While Spirit said a merger could create a “potent competitor in the marketplace” they’re just not that into it.

According to Secretary of Transportation Sean Duffy, both the helicopter and the American Eagle flight were in a "standard flight pattern" as the latter was on final approach to DCA. The collision and crash reportedly led to the CRJ700 separating into three pieces and inverted underwater.

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A regional jet approach ing Reagan National Airport collided with a military helicopter over the Potomac River late Wednesday night, prompting a massive search and rescue operation.

Airline executives have pushed the government to modernize air traffic control and alleviate congestion in some of the busiest air corridors in the U.S.

ARLINGTON, Va. (AP) — At least 28 bodies were pulled from the icy waters of the Potomac River after an American Airlines jet carrying 60 passengers and four crew members collided with an Army helicopter while landing at Ronald Reagan National Airport near Washington, officials said Thursday.