Southwest Airlines orders 40 Boeing 737 MAXs worth $4.68 billionStaff Writer | April 30, 2018
Southwest Airlines has ordered 40 Boeing 737 MAX jets worth $4.68 billion at list price, making it the planemaker's largest global customer for the updated narrowbody.
Airline 10 to be delivered each year
"This is first and foremost an extension of our fleet modernization strategy," Southwest Chief Executive Officer Gary Kelly told analysts on a post-earnings conference call.
"We have a very strong business case to replace older 737-700 aircraft given the superior operating economics of the MAX 8."
Southwest is the world's largest operator of 737 jets, with more than 700 of the airplanes.
The airline has now ordered nearly 300 Boeing MAX jets, the most of any customer, a Boeing spokesman said. The MAX series is more fuel efficient than previous models. ■