Investing.com -- Southwest Airlines (NYSE: LUV ) has announced plans to eliminate approximately 1,750 jobs within its leadership ranks as a cost-cutting measure.

This news led to a 2.4% increase in the airline's shares during premarket trading.

The job cuts will impact 15% of corporate positions, including senior leadership and director roles, as per the airline's statement released on Monday.

The process of job reduction is set to commence in late April and is expected to be substantially completed by the end of the second quarter.

This marks the first time Southwest Airlines has resorted to layoffs in its corporate sector.

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