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.
SquawkStreet this plane is too extreme sport for me. jumping parachute is safer (because you have a parachute)
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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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Boeing's stock swings higher after Q1 results, which include $1 billion increased cost for 737 businessBoeing Co.'s commercial airplanes business suffered first-quarter declines in profit, revenue and margin in the wake of groundings of its 737 MAX planes... $BA is not a stock which could grow.. Beautiful! 'Boeing's stock has gained 4.4% over the past three months through Tuesday, while the Dow Jones Industrial AverageDJIA+0.55% has gained 8.6%...'
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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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