Dallas-based Southwest Airlines reported a $277 million profit on record $6.2 billion revenue for the second quarter, but expects Boeing delays to persist...
, with a strong outlook for the rest of the year and hopes of restoring its flight network heading into the beginning of 2023. But the second half of next year is clouded by ongoing delays at Boeing blamed on broader supply chain issues, largely in engines.
Southwest now expects to get 66 new 737 Max jets this year, just over half of the 114 that Boeing is contractually required to deliver. That means it will retire fewer of its older, 737 NG model jets, which are louder, less fuel efficient and carry higher maintenance costs than new planes.
Southwest’s sentiments have been echoed across the industry during the last two weeks as airlines report their quarterly results. While an industrywide shortage of pilots is still holding airlines back and limiting the number of flights during the 2022 holiday season, carriers have begun to work through training delays to get some short-term relief.
American Airlines chief financial officer Derek Kerr said last week that it has had to reduce the number of 737 Max jets it expects in 2023 from 27 to 19., long-haul planes the company needs for flying over the Atlantic and Pacific oceans, along with some cross-country flights. American has blamed the delay of several international routes on 787 delays, including a flight from DFW International Airport to Auckland, New Zealand that was supposed to start last year.
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