Southwest Airlines is grounding 34 of its planes in response to the FAA’s decision to ground the 737 Max 8. The company has previously warned shareholders about the possibility of this event.
Southwest Airlines stock dropped sharply in the moments after President Donald Trump said the U.S. would be grounding Boeing’s latest 737 Max models.
Southwest shares are still down 2.4% since an Ethiopian Airlines 737 Max 8 crashed over the weekend, causing countries around the globe to ground the Boeing model. The single-aircraft strategy carries risks, though, and Southwest, has warned about the impact of an event just like this in its annual report. Here’s an excerpt from the company’s risk-factor section:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Southwest has the largest exposure of all US airlines to Boeing's 737 MaxSouthwest Airlines has the largest exposure of all US carriers to Boeing's 737 Max, which will account for nearly 10% of available seat miles in October.
Baca lebih lajut »
Southwest's stock dives into the red after Trump's call to ban Boeing 737 Max jets
Baca lebih lajut »
Southwest customers raise queries on Boeing's 737 MAX 8 planesSouthwest Airlines Co said on Monday several customers sought to know if they wo...
Baca lebih lajut »
Boeing Co should ground 737 MAX 8 jets: Ethiopian Airlines CEOBoeing Co should ground all of its 737 MAX 8 jets until it is established that t...
Baca lebih lajut »
Nations, airlines ground and temporarily ban Boeing's 737 MAX 8 planeSeveral airlines have grounded the 737 MAX 8 in their fleets, but many others are continuing to fly the plane pending an investigation into the crash and possible guidance from Boeing itself.
Baca lebih lajut »
US airlines cancel flights and waive fees after the FAA grounds Boeing 737 Max planesAirlines are waiving ticket-change charges after the Federal Aviation Administration grounded their fleets of new Boeing 737 Max jets.
Baca lebih lajut »
Majority Of Boeing 737 MAX Planes Now Grounded By Regulators And AirlinesHere's a complete list of the airlines that have parked their 737 MAX planes and the carriers that are still flying it in the wake of the second deadly crash of a model of the plane in five months.
Baca lebih lajut »