Southwest cuts Boeing jet deliveries after posting first loss in nine years [Toronto Globe and Mail (Ontario, Canada)]
Southwest Airlines Company (LUV)
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Source: Toronto Globe and Mail
Southwest cuts Boeing jet deliveries after posting first loss in nine years A number of grounded Southwest Airlines planes sit parked at Victorville Airport in Victorville, Calif., on March 26, 2019. Mike Blake/Reuters A number of grounded Southwest Airlines planes sit parked at Victorville Airport in Victorville, Calif., on March 26, 2019. Southwest Airlines Co said on Tuesday it has agreed with Boeing Co to sharply cut its 737 Max delivery schedule through 2021 and is reviewing its order book as the coronavirus pandemic caused its first quarterly loss in nine years. Southwest, which only operates Boeing 737s and is the world’s largest customer of the grounded 737 Max, will take no more than 48 new 737 Max jets before Dec. 2021, a fraction of the 123 it had originally scheduled. However, it has no current plans to cancel orders, Chief Financial Officer Tammy Romo said on a conference call, noting that a more fuel-efficient fleet “is still relevant and meaningful” even given current
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