Yahoo Finance Video
Boeing's (BA) ongoing challenges, from major safety concerns around its aircraft production to ongoing labor strikes by its factory workers, continue to impact its ability to deliver aircrafts to top airline operators. Southwest Airlines (LUV) CEO Bob Jordan discusses these ripple effects felt throughout the industry and on his own airline's operations. "Boeing has been a great partner for the whole 53 years of Southwest Airlines, but we need Boeing to be strong. We need Boeing to be better," Jordan tells Yahoo Finance. The airline chief executive reveals that delivery delays have significantly affected Southwest's fleet expansion plans, with the airline now expecting only 20 aircraft in 2024 instead of the planned 80. Jordan expresses concern that the ongoing strike could extend these delays into 2025, potentially disrupting future operations. "The heart of an airline is the flight schedule, and the flight schedule depends on getting your aircraft on time," Jordan emphasizes. Southwest reported its third quarter earnings results last week, which topped estimates despite profit declining 65% year-over-year. Boeing announced a $19 billion share sale to boost its liquidity and stave off a credit downgrade. Catch Southwest Airlines CEO Bob Jordan outline the operator's transformation plan to better cater to customer needs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith
Yahoo Finance 