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The profits of Southwest Airlines are hit by 737 Max Primers



Southwest Airlines' first quarter result was impacted by the long-lasting priming of the Boeing 737 Max jets, which had to cancel more than 10,000 flights during the quarter. The US government has received problems with downtime and maintenance, the company said Thursday.

  • Adjusted earnings: 70 cents forecast vs. 61
    cents per share
  • Revenues: $ 5.15 billion versus 5.12 Billions of dollars [7659007] Max had been grounded since mid-March after the jet's anti-stall software was involved in two fatal crashes in Ethiopia and Indonesia.

    Southwest CEO Gary Kelly said the company was a "pure Boeing airline", but did not mean that The airline would use the 737s "in eternity".

    "We are not happy about this max situation, who is it? Two tragic accidents," he said on CNBC's "Squawk on the Street". "Our negotiations and our relationship with Boeing are something I'll record privately with [the company]."

    At the same time, he said he is satisfied with Boeing's dealings with the crisis and says the airline's "great historical partnership". will continue in the future.

    "When we launched Max, we felt it was the best one-gear airplane in the world, and we still feel like it," he said.

    Raymond James devalued the Southwest Stocks and lowered its earnings forecast in April, citing Max Base.

    It is unclear when Max will return to heaven. Boeing, which expects Earth's hit over $ 1 billion, said it has completed 96 flights with a total of 159 hours of air time with the new fix for the Max software.

    "Flight cancellations are expected to increase the cost pressures of units for the duration of the MAX justifications," Kelly said in a statement. He described the results as "solid" throughout the quarter despite several challenges.

    "I am particularly proud of our nearly 60,000 employees for commendable work in difficult conditions," he said.

    Fuel costs are expected to increase in the next quarter with fuel efficiency in the second quarter, up 1 percent to 1 percent year on year, following the decline in max jets, which use less fuel than other aircraft.


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