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Southwest Airlines cuts capacity, and rethinks 2024 financial forecast, citing Boeing problems - TL;DR CNBC

Southwest Airlines cuts capacity, and rethinks 2024 financial forecast, citing Boeing problems

Publishing timestamp: 2024-03-12 13:53:13


Summary

Southwest Airlines reevaluating financial forecast due to Boeing delivery delays, impacting capacity plans and causing stock to drop. Other airlines also facing uncertainty and delays from Boeing, impacting operations and hiring. Southwest CEO calls for Boeing to improve quality control.


Sentiment: NEGATIVE

Tickers: LUVALKUALBA

Keywords: boeing cobusinessbreaking news: businessunited airlines holdings inclifetravelairlinestransportationalaska air group incbreaking news: marketsbusiness newsaerospace and defense industrymarketssouthwest airlines co

Source: https://www.cnbc.com/2024/03/12/southwest-airlines-reevaluating-2024-guidance-because-of-boeing-problems-shares-sink.html


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