737 Max grounding prompts Southwest to cease Newark service
Southwest Airlines will end service at Newark Liberty International Nov 3 in response to constraints created by the grounding of the Boeing 737 Max, the airline said Thursday. Southwest will consolidate its New York operations at LaGuardia. Southwest says the Max grounding will cause its 2019 capacity to decline 1-2% year-on-year. The airline had hoped to grow capacity nearly 5% this year. "As such, we are taking necessary steps to mitigate damages and optimise our aircraft and resources," CE Gary Kelly said. "The financial results at Newark have been below expectations," Kelly adds. The airline will give Newark employees the option to transfer to other locations. The Max grounding reduced Southwest's Q2 operating income by US$175m. Southwest earned a net Q2 profit of $741m, up about 1% year-on-year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-07-26/unaligned/737-max-grounding-prompts-southwest-to-cease-newark-service
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737 Max grounding prompts Southwest to cease Newark service
Southwest Airlines will end service at Newark Liberty International Nov 3 in response to constraints created by the grounding of the Boeing 737 Max, the airline said Thursday. Southwest will consolidate its New York operations at LaGuardia. Southwest says the Max grounding will cause its 2019 capacity to decline 1-2% year-on-year. The airline had hoped to grow capacity nearly 5% this year. "As such, we are taking necessary steps to mitigate damages and optimise our aircraft and resources," CE Gary Kelly said. "The financial results at Newark have been below expectations," Kelly adds. The airline will give Newark employees the option to transfer to other locations. The Max grounding reduced Southwest's Q2 operating income by US$175m. Southwest earned a net Q2 profit of $741m, up about 1% year-on-year. <br/>
