Southwest Airlines is one of Boeing's biggest customers and flies only 737s.
The airline expects to grow capacity 4% this year, down from a plan to expand 6%. For the second quarter, it forecast growth of 8% to 9% and said revenue would be down as much as 3.5%.The airline said in an quarterly filing that it now expects to receive only 20 Boeing 737 Max 8 planes, down from its previous forecast for 46 of them. The carrier will now delay retiring some of its older Boeing planes and is cutting costs, including by offering staff voluntary time-off.
. "The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025. We are reacting and replanning quickly to mitigate the operational and financial impacts while maintaining dependable and reliable flight schedules for our Customers."
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