🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Southwest Airlines push Boeing 737 MAX flight cancellations into June

Published 01/16/2020, 07:43 AM
Updated 01/16/2020, 07:46 AM
Southwest Airlines push Boeing 737 MAX flight cancellations into June
BA
-
LUV
-
UAL
-
AAL
-

(Reuters) - Southwest Airlines Co (N:LUV) said on Thursday it would extend cancellations of 737 MAX flights through June 6, as the grounding of the Boeing Co (N:BA) jet threatens to hurt a second straight U.S. summer travel season.

Southwest, the largest operator of MAX airplanes worldwide, said the latest move would remove roughly 330 weekday flights from its total peak-day schedule of more than 4,000 daily flights.

The No.4 U.S. airline had previously canceled flights through April 13.

Airlines that own Boeing Co's 737 MAX are cancelling more than 10,000 monthly flights as the aircraft remains grounded following two deadly crashes in five months that killed 346 people.

The announcement comes days after No.1 U.S. airline American Airlines Group Inc (O:AAL) extended cancellations of the 737 MAX through June 3.

United Airlines Co (O:UAL) was the first to announce the cancellations in December.

Reuters has reported the Federal Aviation Administration will not approve the return of the MAX until February and it could be until March or later.

Last week, Boeing said it would recommend requiring all pilots to undergo simulator training before resuming flights, which may also push back the resumption of commercial flights.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.