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Feb. 13, 2020, 7:23 a.m. EST

Southwest extends 737 MAX removals to Aug. 10, stock falls

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By Tomi Kilgore

Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV -1.41% said Thursday it will extend the time Boeing Co.'s /zigman2/quotes/208579720/composite BA -3.81% 737 MAX planes are removed from flight schedules to Aug. 10 from June 6, citing "continued uncertainty" around the timing that the groundings will be lifted. The air carrier's stock fell 1.5% in premarket trading, while Boeing shares slipped 0.4%. The revision will remove about 371 weekday flights, compared with the total peak-day schedule of more than 4,000 daily flights. "The limited number of customers who have already booked their travel and will be affected by our amended schedule will be notified of their re-accommodated travel according to our flexible accommodation procedures," Southwest said in a statement. The stock has gained 1.6% over the past three months through Wednesday and Boeing shares have dropped 4.7%, while the Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT -1.04% has tacked on 1.5% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.88% has advanced 6.4%.

/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 39.83
-0.57 -1.41%
Volume: 21.21M
Sept. 18, 2020 4:00p
P/E Ratio
99.15
Dividend Yield
0.00%
Market Cap
$23.49 billion
Rev. per Employee
$373,554
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 161.14
-6.39 -3.81%
Volume: 22.06M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$90.96 billion
Rev. per Employee
$660,961
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/zigman2/quotes/210598063/realtime
US : Dow Jones Indices
11,431.92
-120.44 -1.04%
Volume: 193.76M
Sept. 18, 2020 5:15p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,657.42
-244.56 -0.88%
Volume: 703.89M
Sept. 18, 2020 5:15p
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