- Southwest Airlines Co LUV expects delays in its 2023 plane deliveries due to Boeing Co's BA 737 MAX manufacturing problem.
- "We are in discussions with Boeing to understand what that impact will be in 2023 and beyond," said the company, as reported by Reuters.
- It is said that Boeing's supplier, Spirit AeroSystems Holdings Inc SPR, has used a non-standard process while installing two fittings in the fuselage of certain models of narrow-body jets.
- This has led to the jets becoming non-compliant with specifications outlined by the regulatory.
- The report added that Southwest had initially planned to get 100 planes from Boeing in 2023 but slashed it to 90 jets.
- Also Read: Boeing Aims To Reach Pre-Crisis 737 MAX Production Rates In 2025
- Price Action: LUV shares are trading lower by 2.08% at $31.55 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
