Southwest Airlines converts some Boeing 737 MAX 7 orders to MAX 8 amid delays By Reuters

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<span>© Reuters. A Southwest passenger flight approaches to land at San Diego International Airport in San Diego, California, U.S., February 3, 2023. REUTERS/Mike Blake</span><br />
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<p>(Reuters) – Southwest Airlines (NYSE:) has exercised options for the delivery of 30 Boeing (NYSE:) 737 MAX 7 planes next year, and converted 24 existing MAX 7 orders to MAX 8, the company said in an SEC filing on Friday.</p>
<p>The move comes two days after Boeing said the first delivery of the 737 MAX 7 was delayed to 2024 as it tries to secure Federal Aviation Administration certification for the narrow-body jet.</p>
<p>Southwest’s decision to convert some MAX 7 orders to the MAX 8 model, which is already in operation, would buffer the impact of the delivery delays.</p>
<p>On Thursday, Southwest Airlines issued disappointing forecasts for the current quarter and full year after missing estimates for second-quarter results, fueling concerns about the strength of domestic travel demand in the United States.</p>
<p>Southwest Airlines has plans to fly the MAX 7 “at some point next year”, but if not, it would take MAX 8 orders instead, CEO Robert Jordan said on a post-earnings call on Thursday.</p>
<p>(This story has been corrected to say Southwest, not Boeing, issued forecast on Thursday in paragraph 4) </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/southwest-airlines-converts-some-boeing-737-max-7-orders-to-max-8-amid-delays-3137991">Source link </a></p><p>The post <a href="https://forextraderhub.com/southwest-airlines-converts-some-boeing-737-max-7-orders-to-max-8-amid-delays-by-reuters.html">Southwest Airlines converts some Boeing 737 MAX 7 orders to MAX 8 amid delays By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>