Posted 3/12/2024, 1:34:51 PM
Southwest Airlines Cuts Capacity and Freezes Hiring Due to Delayed Boeing Deliveries
- Southwest Airlines plans to cut capacity, halt hiring, and review spending due to fewer Boeing deliveries
- The airline expects a net loss this quarter and is re-evaluating full year guidance
- Hiring has stopped for groups like pilots and flight attendants
- Southwest doesn't expect to receive any Max 7 aircraft this year, with only 46 total deliveries down from 79
- Schedule changes in the second half of the year will reduce capacity by at least 1 percentage point in 2023
