BA Boeing Co

By Ben Glickman

Southwest Airlines is buying 108 fuel efficient 737 MAX planes from Boeing.

Boeing said Thursday that the budget airline's order for 737-7 aircraft supports Southwest's modernization strategy and flexibility in expanding its fleet.

Southwest has now placed over 300 orders for the 737-7 in total, bringing its total fleet of 737 MAX planes to over 500.

Boeing on Wednesday reduced its full-year guidance for deliveries as it grapples with misdrilled holes in some 737 jet fuselages.

The manufacturer posted a $1.64 billion loss in the third quarter but its sales met analysts' expectations.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

October 26, 2023 14:29 ET (18:29 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.