Southwest Airlines upsizes order for smallest Boeing 737 Max order by 34 planes

Boeing 737 MAX airplanes are viewed parked at a Boeing facility on August 13, 2019 in Renton, Washington.

David Ryder | Getty Pictures

Southwest Airlines is upsizing its narrate for Boeing‘s smallest 737 Max model by practically three-dozen planes, the carrier stated Tuesday, citing an enchancment in shuffle question.

The Dallas-essentially essentially based airline stated in a submitting that can remark alternatives to build greater its firm orders of 737 Max 7s by 34 planes, bringing its entire narrate e book for that plane to 234. The all-Boeing 737 airline moreover has orders for 149 Max 8 planes to be delivered thru 2031, as the firm retires older 737s.

Southwest expects its 2022 capital expenditures to entire $1.5 billion, up from a outdated estimate of $700 million.

United Airlines and Alaska Airlines possess moreover elevated their Boeing Max orders in most modern months, serving to boost question that dried up after the planes had been grounded in 2019 after to fatal crashes.

Southwest stated it expects question and earnings to continue to boost into July as vacationers return to air shuffle, pushing leisure fares as a lot as 2019 stages.

It forecast June earnings will be down 20% in contrast with 2019 and that July gross sales will come in at 15% to 20% decrease than two years ago.

Industry shuffle question, the laggard within the recovery, is moreover bettering but remains some distance below 2019 stages, a pattern that can weigh on fares, Southwest stated. U.S. regulators lifted the grounding final November.