Southwest Airlines says Boeing’s 737 Max grounding are hurting sales
Posted: 7:05 AM, Mar 27, 2019
PHOENIX, AZ – MARCH 13: A group of Southwest Airlines Boeing 737 MAX 8 aircraft sit on the tarmac at Phoenix Sky Harbor International Airport on March 13, 2019 in Phoenix, Arizona. The United States has followed countries around the world and has grounded all Boeing 737 Max 8 aircraft following the crash of an Ethiopia Airlines 737 Max 8. (Photo by Ralph Freso/Getty Images)
Southwest Airlines warned that the 737 Max groundings are hurting its ticket sales. The company said Wednesday it canceled 9,400 flights because of weather, its dispute with mechanics and Boeing’s grounding of the 737 Max airplane.
Ticket sale growth this quarter will be much lower than it previously expected because it isn’t flying as many planes. It said 2,800 of the cancellations were because of the Boeing 737 Max grounding.
Southwest’s stock were more than 2% lower in premarket trading.
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