March 27, 2019 / 10:40 AM / in 3 months

Southwest cuts forecast for revenue performance measure after 737 Max groundings

March 27 (Reuters) - Southwest Airlines Co said on Wednesday the recent groundings of Boeing 737 MAX planes would lead to its first-quarter revenue per available seat mile coming in below its previous forecast.

The U.S. airline is the first carrier to provide a formal change to its financial forecasts since the recent crash of Boeing’s new jet.

The airline said it now expects operating revenue per available seat mile, a closely followed measure of airline performance, to rise about 2 percent to 3 percent, compared with the 3 percent to 4 percent growth it forecast earlier.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Arun Koyyur

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below