Southwest beat on revenue, despite reporting a $200 million loss due to canceled 737 Max flights. CEO Gary Kelly joined SquawkStreet to discuss the company's latest earnings report.
Southwest Airlines first-quarter earnings took a hit from the prolonged grounding of the Boeing 737 Max jets that forced it to cancel more than 10,000 flights during the quarter. The U.S. government shutdown and maintenance issues also ate into the bottom line, the company said Thursday.
Southwest CEO Gary Kelly said the company was an"all-Boeing carrier" but it didn't mean the airline would use the 737s in"perpetuity." "When we launched Max airplane, we felt like it was the best single-aisle airplane in the world, and we still feel that way," he said.
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