Southwest Airlines has a lot of aircraft on order from Boeing. But they said some very strange things on their earnings call. They’re bringing on planes, but aren’t going to grow their flying at a rate faster than GDP.
In fact, they say growth in their flying is expected to come from taking their current planes and keeping them in the air more – redeyes, and faster turn times on the ground – not from Boeing deliveries. That has to mean they’ll be cancelling or deferring deliveries. They just haven’t announced it yet.