Slashed Delivery Forecast Dings Airline Stock

Southwest Airlines Co (NYSE:LUV) missed top- and bottom-line expectations for the first quarter, and warned that it now anticipates getting just 20 Boeing (BA) 737 MAX planes this year -- less than half what it previously estimated -- which could limit growth into 2025. This was the third cut to those estimates, with the airline noting it will take measures to reduce costs, such as restricting hiring and offering voluntary time off programs.LUV was last seen down 9.2% to trade at $26.63, its lowest level si ...