Southwest Airlines will stop flying out of Newark Liberty International Airport this fall, the company announced Thursday citing poor financial results at New Jersey’s largest airport.

Beginning Nov. 3, the Dallas-based airline will consolidate its New York City-area operations at LaGuardia Airport.

“The financial results at Newark have been below expectations, despite the efforts of our excellent team at Newark,” Southwest chairman and CEO Gary C. Kelly said in a statement. “I am grateful to our wonderful Newark employees, who are a top priority, and will be given an opportunity to relocate to another station in our system, including LaGuardia Airport, where we are experiencing strong customer demand. As part of this move, we will offer options and flexibility for customers to recover planned travel from other area airports.”

The poor financial results were linked to the ongoing fallout from the grounding of the Boeing 737 Max.

Southwest says the airline's approximately 125 employees at Newark are being offered positions at LaGuardia or can bid for other jobs elsewhere.

The airline currently has about 15 departures a day from Newark airport to destinations including Chicago, Nashville, Austin, Denver, Phoenix and St. Louis.

Southwest began service at Newark in 2011. The airline offers up to 20 departures per day to 10 cities, including Denver and St. Louis.

The Associated Press contributed to this report.

Jeff Goldman may be reached at jeff_goldman@njadvancemedia.com. Follow him on Twitter @JeffSGoldman. Find NJ.com on Facebook.

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