Southwest Goes on the Offensive Seeking Planes, Customers

Southwest Airlines (NYSE: LUV) on Monday confirmed that it is in talks with Boeing (NYSE: BA) about acquiring planes that don't currently have buyers, but said the planes would replace other orders and not be for fleet expansion.

Boeing's 737 MAX is expected to be cleared to fly again soon, more than a year after being grounded due to safety concerns, and the aerospace manufacturer is scrambling to find takers for the more than 400 planes it has built but has been unable to deliver during the grounding. The company's task has been made harder by the coronavirus pandemic, which has stifled demand for air travel and caused airlines to rethink growth plans.

Image source: Southwest Airlines.

Source Fool.com