Fri, May 18, 2012
Move Expected To Save The Airline $1 Billion
At its shareholders meeting Wednesday, Southwest said that it would delay taking delivery of 30 Boeing 737-800 airliners it has on order with the planemaker. The move is expected to save the budget carrier more than $1 billion in capital spending.
Bloomberg Businessweek reports that CEO Gary Kelly told investors that the company is "more conservative right now in our ambitions with respect to expansion." He said the primary short term goal is hitting the profit target, and that "We'll have plenty of aircraft in future years to be able to grow the airline."
20 of those 737s would have been delivered next year, with the additional 10 for 2014. Those airplanes will now join the Southwest fleet in 2017 and 2018.
Kelly also said that he's told employees they will have to be "diligent" in trimming spending and finding efficiencies in the business.
Boeing currently has 245 single-aisle 737s on its order book for Southwest, which was the first airline to sign up for the re-engined 737-MAX.
NTSB Denies FAA's Right to Penalize UAS PIlot Remember Raphael "Trappy" Pirker? When last we wrote about this fellow, he was dealing with a recalcitrant FAA who had asserted that h>[...]
Brings Company Into Compliance With All State Regulations For Medical Transport The state of Nevada has fully licensed Angel MedFlight Worldwide Air Ambulance to transport patients>[...]
Also: Trig TT31 Update, Barnstorming--GA Wimping Out, Gone West: MiG Designer Belyakov, Zenith's 10000 Plan! When the FAA opened the door for easier angle of attack (AoA) indicator>[...]
Space Telescope Science Institute Welcome to the Space Telescope Science Institute (STScI) -- home of science program selection, grant administration, planning, scheduling, and pub>[...]
Informs the pilot of the heading he/she should fly. The pilot may have to turn to, or continue on, a specific compass direction in order to comply with the instructions.>[...]