Uh-oh Boeing: Southwest Considering an Airbus Plane
Southwest Airlines (NYSE: LUV), famously an all-Boeing (NYSE: BA) fleet for most of its existence, confirmed it is evaluating an Airbus (OTC: EADSY) jet as part of its future growth plans.
Southwest management during a post-earnings call said that, although the airline is mostly focused on buying 175-seat Boeing 737 MAX 8 planes today, it plans to retire a lot of smaller 737-700s in the years to come. And given that not all of its routes are well suited for the larger planes coming into its fleet, other options are needed.
"We absolutely still need the smaller airplane," CEO Gary Kelly said. "We'll need a large number of the smaller gauge."
Source Fool.com
