Southwest Airlines first-quarter earnings take a hit from 737 Max groundings, government shutdown

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Southwest beat on revenue, despite reporting a $200 million loss due to canceled 737 Max flights. CEO Gary Kelly joined SquawkStreet to discuss the company's latest earnings report.

Southwest Airlines first-quarter earnings took a hit from the prolonged grounding of the Boeing 737 Max jets that forced it to cancel more than 10,000 flights during the quarter. The U.S. government shutdown and maintenance issues also ate into the bottom line, the company said Thursday.

Southwest CEO Gary Kelly said the company was an"all-Boeing carrier" but it didn't mean the airline would use the 737s in"perpetuity." "When we launched Max airplane, we felt like it was the best single-aisle airplane in the world, and we still feel that way," he said.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

SquawkStreet this plane is too extreme sport for me. jumping parachute is safer (because you have a parachute)

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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Southwest Airlines reports better-than-expected earnings, revenue despite 737 Max jet groundingThe carrier, which has 34 of the 737 Max jets, extended cancellations through Aug. 5. The Max comprises less than 5% of its fleet. It's amazing how well you can do when you allow the customer to change their travel plans for free, check 2 bags free, not nickel and dime to death. SouthwestAir SpiritAirlines AmericanAir Delta EasterwoodKeith How?!
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Buy any Boeing pullback in first earnings since 737 Max crisis, market watcher saysWall Street is about to get its first glimpse at how Boeing has weathered its 737 Max crisis. Overlook any near-term weakness, says Mark Tepper.
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