India, March 12 -- Southwest Airlines Co., in a filing with the U.S. Securities And Exchange Commission, on Tuesday said it sees a net loss in its first quarter 2024, and trimmed forecast for unit revenues amid challenges with Boeing Co., while capacity outlook was raised.
Further, the airline is now expecting fewer deliveries of new aircraft from Boeing in 2024.
On the New York Stock Exchange, Southwest Airlines shares were losing more than 11 percent to trade at $30.05.
Regarding timing of expected aircraft deliveries, the company said Boeing has advised that deliveries for fiscal 2024 will now be around 46 737-8 aircraft, a reduction from the previous expectation of 79 737 MAX aircraft deliveries, which included 58 -8 aircraft.
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