The airline plans to reduce capacity and reevaluate its full-year financial outlook because of fewer expected aircraft deliveries from Boeing.
FILE – A Southwest Airlines jet arrives at Sky Harbor International Airport in Phoenix on Dec. 28, 2022. Shares of Southwest are falling in Tuesday, March 12, 2024, premarket trading as the airline said that it plans to reduce capacity and reevaluate its full-year financial outlook because of fewer expected aircraft deliveries from it supplier, Boeing.
In addition, Southwest said that it now assumes there will be no 737-7 aircraft deliveries, and it continues to assume no -737-7 planes will be placed into service this year based on the current certification status with the Federal Aviation Administration. Boeing has been facing mounting pressure lately. The company is facing multiple government investigations. On Monday Transportation Secretary Pete Buttigieg said that Boeing needs to make a “serious transformation” around its safety and manufacturing quality.
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