Southwest reports wider-than-expected loss, flags fewer deliveries from Boeing – Reuters

Southwest reports wider-than-expected loss, flags fewer deliveries from Boeing – Reuters

April 27 (Reuters) - Southwest Airlines Co (LUV.N) reported a wider-than-expected first-quarter loss due to a pre-tax charge related to mass cancellations in December and flagged 20 fewer deliveries of the MAX jets this year from Boeing Co (BA.N).

Shares of the largest U.S. domestic airline dropped 3.4% before the bell.

However, Southwest forecast "solid profits" in the current quarter on strong summer bookings and joined rivals in allaying fears of a slowdown in travel due to a worsening economic outlook.