Southwest Airlines to keep Boeing 737 Max off schedule.
Southwest Airlines Co. LUV, +0.85% said Thursday it is planning to remove the Boeing 737 Max aircraft BA, +0.42% from its schedule through June 6, based on the uncertainty surrounding the timing of a return to service. The airline had previously said it would keep the aircraft off its schedule through April 13. “The revision will proactively remove roughly 330 weekday flights from our schedule out of our total peak-day schedule of more than 4,000 daily flights,” the airline said in a statement on its website. The U.S. Federal Aviation Administration and other regulators around the world grounded the 737 Max last year after two fatal crashes, that are believed to be related to problems with its MCAS automated system. Shares were up slightly premarket and have gained about 11% in the last 12 months, while the NYSE Arca Airline ETF XAL, +0.14% has gained 11% and the S&P 500 SPX, +0.19% has gained 26%.
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