How the Boeing 737 Max grounding hurts its most-loyal customer: Southwest Airlines

The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of flights and Southwest's CEO has said exploring planes from other manufacturers is worth considering

Loyal as it's been to Boeing and the 737, the fallout from two fatal crashes of a new version of the plane has prompted Southwest to mull other options for its future.

Regulators worldwide grounded the Boeing 737 Max, a more fuel-efficient version of the workhorse jet that's been flying since the late 1960s, in mid-March after the two crashes killed a total of 346 people. Boeing declined to comment on negotiations with airlines but Southwest's CEO Kelly told employees Sept. 9 that negotiations are ongoing with Boeing "to reach a business settlement related to the damages that our airline has suffered as a result of the Max grounding." Kelly said that the airline is considering sharing "proceeds as appropriate" with employees.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boeing board will reportedly call for structural changes after 737 Max crashesThe recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with less training, according to The New York Times.
Read more »

FAA chief to test out changes to Boeing 737 Max software in simulatorThe new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.
Read more »

WSJ News Exclusive | International Panel Set to Criticize FAA’s Approval Process for Boeing 737 MAX JetsA panel of international air-safety regulators is finishing a report expected to criticize the initial U.S. approval of Boeing 737 MAX jets.
Read more »

FAA chief to meet with Boeing officials, test 737 MAX simulatorNew Federal Aviation Administration (FAA) chief Stephen Dickson plans to fly to ...
Read more »

International panel to criticize U.S. FAA's Boeing 737 MAX approval process: WSJA panel of international air-safety regulators is finishing a report, which is e...
Read more »