Southwest Airlines won’t fly boeing 737 MAX before January 2020
PTI, Jul 26, 2019, 2:18 PM IST
Southwest Airlines on Thursday became the first US carrier to give up on seeing the Boeing 737 MAX return to the skies this year, as the worldwide grounding of the top-selling aircraft dented quarterly profits for two major airlines. Domestic-oriented Southwest said it has begun talks with Boeing about compensation for the impact from widespread flight cancellations and delayed deliveries of new planes that forced it to slow down its ramp-up of service to Hawaii.
American Airlines also has taken a hit amounting to 400 million US Dollars from the MAX crisis but despite that, both airlines reported higher second-quarter profits on strong consumer demand. Boeing MAX planes have been grounded since mid-March following two crashes that claimed 346 lives. Boeing has said it expects to win regulatory approval around October to resume flights but has warned that the timeframe could be extended. American Airlines reported an 18.9 per cent jump in second-quarter profits to $662 million, as total revenues rose 2.7 per cent to USD 12 billion.
American Airlines now anticipates capacity growth of only 1.5 per cent this year, down from 3.0 per cent because of MAX cancellations, executives said. Southwest reported a 1.1 per cent rise in profit to USD 741 million, as revenues climbed 2.9 per cent to USD 5.9 billion. Southwest now plans to resume flights on the MAX on January 5, more than two months later than previously expected. The airline said it could take up to two months to resume flights once the plane is cleared by regulators to perform maintenance and to address FAA directives, including pilot training.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
CCPA asks FSSAI to probe claim of Nestle adding sugar to baby products
Markets tank in early trade as Middle East tensions flare-up
Tesla shares tumble below $150 per share, giving up all gains made over the past year
India not reaping benefits of democratic dividend: Raghuram Rajan
Markets slump for third day on fears of escalating tensions in Middle East; IT stocks drag
MUST WATCH
Latest Additions
BJP too echoes ‘JP-JP’ chorus in Udupi-Chikkamagalur: Cong leader Niketraj Maurya
Sanjay Singh warns of conspiracy against Kejriwal, fears for his safety in jail
Remarks on Allopathy: SC asks Ramdev to implead complainants in his plea for stay of criminal probes
Thane man loses Rs 38 lakh in share-trading scam, case registered
Women voters outnumber men in all 5 Assam LS seats where voting is underway