Southwest Airlines cuts forecast for Boeing deliveries for third time
) in 2024 for the third time on Thursday and said it plans to undertake cost-cutting measures to ease the resultant blow.
Boeing has been under heavy regulatory scrutiny following a Jan. 5 Alaska Airlines mid-air panel blowout that led to probes into the manufacturer's safety and quality standards in its production processes. The U.S. FAA has also barred Boeing from expanding the production of its bestseller 737 MAX jet, while uncertainty looms over the certification timelines for its MAX 7 and 10 models.
The carrier also trimmed its operating revenue expectations for 2024 and now expects a high-single-digit growth, compared with its previous expectation of double-digit growth in operating revenues compared to last year.
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