Southwest Airlines has reportedly reached a deal with Boeing after Southwest suffered financial damages from having to ground Boeing 737 Max airlines, according to CNBC.
- Southwest didn’t reveal the full number for the deal.
- Southwest said it would share $125 million with employees, CNBC reports.
- Southwest and Boeing continue to discuss future prices for aircrafts. Southwest expects Boeing to lower costs because of the controversy over the grounding.
What they’re saying: Southwest CEO Gary Kelly said the company responded well to managing the groundings, according to CNN.
Kelly: “Our people have done an incredible job managing through the Max groundings, while providing the highest levels of customer service and one of the best operational performances in our history. On behalf of the Southwest board of directors, we are grateful to our employees for their extraordinary efforts throughout the year and are pleased to share proceeds from our recent agreement with Boeing.”
Context: The Boeing 737 Max was grounded last March after fatal crashes occurred on those planes in a span of five months, according to The New York Times.
- Southwest is the largest operator of the 737 Max planes. The company reportedly had 34 after the model was grounded, CNBC reports.