financetom
Business
financetom
/
Business
/
Update: Market Chatter: Southwest Expects Only Half of Boeing Deliveries This Year
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Market Chatter: Southwest Expects Only Half of Boeing Deliveries This Year
Apr 15, 2024 1:37 AM

04:23 AM EDT, 04/15/2024 (MT Newswires) -- (Updates with a statement from Southwest Airlines ( LUV ) in the fourth paragraph.)

Southwest Airlines Company ( LUV ) expects only about 20 of the 46 planes it had been promised by Boeing ( BA ) to be delivered this year, Reuters reported Friday, citing unnamed sources.

Boeing's ( BA ) overall deliveries fell by half in March as production of 737 MAX slowed over concerns about quality.

The delivery shortfall will put pressure on Southwest ( LUV ), which flies only Boeings. The company originally counted on receiving 85 Boeing MAX jets this year, Reuters reported.

"We remain in close contact with Boeing ( BA ) as the manufacturer continues to refine its delivery schedule," Southwest ( LUV ) said in a statement to MT Newswires.

Boeing ( BA ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mustang Energy Completed First Milestone of Option Agreement with Skyharbour Resources
Mustang Energy Completed First Milestone of Option Agreement with Skyharbour Resources
Dec 9, 2024
07:18 AM EST, 12/09/2024 (MT Newswires) -- Mustang Energy ( MECPF ) over the weekend said it completed its first milestone of the prior announced option agreement with Skyharbour Resources ( SYHBF ) , by making a cash payment of $15,000 and issuing 93,750 common shares in the capital of the company at $0.32 per share. Pursuant to the agreement,...
Market Chatter: India's Competition Body Seeks to Expedite Amazon, Flipkart Antitrust Probe
Market Chatter: India's Competition Body Seeks to Expedite Amazon, Flipkart Antitrust Probe
Dec 9, 2024
07:20 AM EST, 12/09/2024 (MT Newswires) -- India's Competition Commission has asked the Supreme Court to hear 23 lawsuits challenging the investigation into alleged antitrust violations by e-commerce companies Amazon.com ( AMZN ) and Walmart ( WMT )-owned (WMT) Flipkart, Reuters reported Monday, citing a Dec. 3 filing. The legal challenges filed at Indian high courts by Samsung, Vivo, and...
Arthur J. Gallagher & Co to Acquire AssuredPartners for $13.45 Billion
Arthur J. Gallagher & Co to Acquire AssuredPartners for $13.45 Billion
Dec 9, 2024
07:20 AM EST, 12/09/2024 (MT Newswires) -- Arthur J. Gallagher & Co ( AJG ) said Monday that it has agreed to acquire AssuredPartners for $13.45 billion to strengthen its position in the US retail middle-market property/casualty and employee benefits sectors. The company said the transaction, expected to close in Q1 2025, will be financed through a mix of debt,...
Aura Minerals Reports
Aura Minerals Reports "Encouraging" Exploration Results From Brazilian Projects
Dec 9, 2024
07:18 AM EST, 12/09/2024 (MT Newswires) -- Aura Minerals ( ORAAF ) reported overnight Sunday encouraging exploration and drilling results from its projects in Brazil. At the Pe Quente project, the company said drilling confirmed historical high-grade gold intercepts. Highlights include 0.96 grams per tonne (g/t) gold over 132.00 meters, including 4.05 g/t gold over 3.00 meters and 4.00 g/t...
Copyright 2023-2026 - www.financetom.com All Rights Reserved