Southwest Airlines Posts Quarterly Profit Despite 737 MAX Blow

www.oann.com | 3/26/2019 | Staff
(Reuters) – Southwest Airlines Co squeezed out a small profit in the second quarter as it struggled with the grounding of Boeing MAX jets, the carrier said on Thursday, extending its suspension of flights on the planes till Jan. 5.

The U.S. airline said it took a $175 million hit to its operating income from the MAX problems in the quarter, but added that customer demand remained strong.

Grounding - Capacity - Decline - Pressure - Quarter

The grounding and resulting capacity decline put pressure on second quarter unit costs, which rose 7.5% and the airline said it expects higher costs in the second half of 2019.

Earlier this month the company said it was removing the 737 MAX jets from its flight schedule till early November.

Southwest - Forecast - Capacity

Southwest forecast 2019 capacity to fall...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!