Adds particulars on the MAX, share motion Dec 16 (Reuters)
Adds particulars on the MAX, share motion
Dec 16 (Reuters) – Southwest Airways Co LUV.N stated on Wednesday it expects to take supply of 35 737 MAX plane from Boeing Co BA.N via the top of 2021.
The deliveries embrace 16 leased plane, the U.S. provider stated, including that it expects the MAX to return to income service in March in spite of everything lively pilots have obtained up to date, MAX-related coaching.
“Given the continued surge in COVID-19 instances and depressed income atmosphere, the corporate continues to expertise softness in leisure passenger demand and bookings for December 2020,” Southwest stated in a regulatory submitting.
The corporate additionally flagged elevated ranges of journey cancellations for December journey.
Southwest now expects common each day core money burn to be about $12 million within the fourth quarter, up from a earlier estimate of between $10 million and $11 million.
A number of U.S. airways have raised their each day money burn forecast as a consequence of this yr’s coronavirus-driven collapse in journey, as a batch of latest lockdowns and advisories discourage Christmas and New Yr flying.
The corporate’s shares fell 1.2% to $45.88 in premarket commerce.
(Reporting by Sanjana Shivdas in Bengaluru; Enhancing by Sriraj Kalluvila)
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