American Air Dropping Some Global Flights on Boeing 787 Delays [BNN Bloomberg (Canada)]
Southwest Airlines Company (LUV)
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Source: BNN Bloomberg
The carrier won't end service to any of its 55 long-haul international destinations. The moves are a result of receiving just three Boeing 787 Dreamliners this year, down from plans for six, American said in a statement Friday. The airline also “continues to evaluate network adjustments” as a result of receiving 16 smaller 737 Max planes in 2024, down from an expected 20. “We're making these adjustments now to ensure we're able to re-accommodate customers on affected flights,” American said. The reductions will come in the second half of this year and early in 2025. The moves highlight the widening negative effect for airlines from a crisis that has enveloped Boeing this year, triggering an investigation by federal aviation safety regulators and a cap on its production of aircraft. Southwest Airlines Co., a long-time Boeing customer with an all-737 fleet, said Thursday that it was slowing growth and offering voluntary leaves to workers to help address “significant challenges” f
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LUV
Earnings
- 4/25/24 - Miss
LUV
Sec Filings
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- 4/26/24 - Form 10-Q
- LUV's page on the SEC website