Southwest Airlines Co said on Thursday it is extending cancellations of Boeing C...
) 737 MAX flights until June 6, citing the planemaker’s decision to recommend pilot simulator training before resuming flights and uncertainty about when regulators will approve their return to service.
The grounding of Boeing’s best-selling plane, which came in March after a second deadly crash, now threatens a second summer travel season. The death toll for the two crashes, the first in Indonesia and the second in Ethiopia, was 346 people. It is still unclear how much time the FAA may require pilots to spend in simulators before they can resume flights.
Southwest said last month it reached a confidential compensation agreement with Boeing for a portion of a projected $830 million hit to 2019 operating income arising from the grounding of its 737 MAX aircraft and said it would share with its employees proceeds of about $125 million from Boeing.
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