Southwest sees $150M revenue hit from grounded Boeing 737s - News Summed Up

Southwest sees $150M revenue hit from grounded Boeing 737s


The carrier said it expects $150 million in lost revenue from the grounding, winter weather disruptions and other causes. The Federal Aviation Administration grounded all 737 Max 8 aircraft earlier this month following the deadly Ethiopian Airlines crash that killed 157 people, including eight Americans. The company also singled out "unscheduled maintenance disruptions" as taking a bite from its revenue. Separately, a Southwest Airlines Boeing 737 Max 8 experienced engine trouble shortly after takeoff on Tuesday, prompting pilots to return to the Orlando International Airport. Southwest Airlines said the engine did not blow out.


Source: Ethiopian News March 27, 2019 13:07 UTC



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