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Southwest trims Q2 fuel, capacity forecasts on 737 MAX groundings

Credit: REUTERS/Mike Blake

Southwest Airlines Co trimmed its forecasts for second quarter capacity and fuel efficiency on Wednesday to reflect the impact of the grounding of all 737 MAX 8 aircraft in its fleet.

June 19 (Reuters) - Southwest Airlines Co LUV.N trimmed its forecasts for second quarter capacity and fuel efficiency on Wednesday to reflect the impact of the grounding of all 737 MAX 8 aircraft in its fleet.

The airline said in a regulatory filing it now expects second quarter fuel efficiency to decrease in the 1% to 2% range, compared with its previous forecast of flat to down 1%, reflecting the impact of the grounding of its Boeing 737 MAX 8 aircraft through Aug. 5.

Southwest last week joined larger rival American Airlines AAL.O in extending its removal of Boeing's currently grounded MAX planes from its schedules until the start of September.

(Reporting by Sanjana Shivdas in Bengaluru; editing by Patrick Graham)

((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Reuters Messaging: sanjanasitara.shivdas.thomsonreuters.com@reuters.net))

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