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October 30, 2023

Southwest Acquires 108 New 737 MAX-7 Jets

Boeing Expects FAA Will Certify Model by Year’s End

Boeing and Southwest Airlines have entered into an agreement by which the Dallas, Texas-based air-carrier will acquire 108 new 737 MAX-7 narrow-body jets. Southwest’s selection of the fuel-efficient aircraft is consistent with the airline’s modernization strategy and affords the carrier flexibility by which to expand its fleet and route structure.

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Boeing Reports Third Quarter Results

A Mixed-Bag at Big “B”

The Boeing Company recorded third quarter revenue of $18.1-billion, GAAP loss per share of $2.70 and core loss per share (non-GAAP) of $3.26. Third-quarter results were impacted by unfavorable defense performance and lower 737 deliveries. Boeing reported operating cash flow of $0.0-billion and free cash flow of $0.3-billion non-GAAP.

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SkyWest Orders 19 Embraer E175 Regional Jets

New Planes to Operate as United Express Aircraft

Embraer, the Brazilian multinational manufacturer of commercial, military, executive, and agricultural aircraft, has agreed to the sale of 19 new E175 jets to SkyWest, Inc., the St. George, Utah-based regional air-carrier contracted by Alaska Airlines as Alaska SkyWest, American Airlines as American Eagle, Delta Air Lines as Delta Connection, and United Airlines as United Express. The 19 E-Jets, which will operate under the United Express banner per a Capacity Purchase Agreement (CPA), will grow SkyWest’s United Express E175 fleet to 109 machines, and boost the total number of E175s currently in service with SkyWest to over 250. At list-price, the contract’s value is $1.1-billion.

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