Southwest Cuts Boeing 737 MAX Delivery Expectations Again

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  • Southwest Airlines should receive 33 fewer Boeing 737 MAX deliveries in 2024.
  • The carrier will reevaluate its full-year 2024 guidance and capital expenditure, providing an update in April 2024.
  • The airline has joined others, which have publicly said that it expected fewer Boeing 737 MAX deliveries in 2024.

In its latest update to investors, Southwest Airlines has outlined that Boeing told the airline that it should expect 33 fewer aircraft deliveries in 2024, which included other 737 MAX models, such as the 737 MAX 7. As a result, the carrier will have to reevaluate its full-year guidance for 2024.

Fewer 737 MAX deliveries

In a Securities and Exchange Commission (SEC) filing on March 12, 2024, Southwest Airlines said that Boeing informed the airline that it should expect 46 Boeing 737 MAX 8 aircraft to be delivered in 2024. Previously, the carrier expected 79 737 MAXs to join its fleet during the year, including 78 737 MAX 8 aircraft.

Photo: dorengo5 | Shutterstock

However, since Boeing has still failed to certify the 737 MAX 7, and with ever-increasing scrutiny over its quality management at its sites, as well as at Spirit AeroSystems, a Tier 1 supplier for the 737 MAX program, further delays could follow. As such, Southwest Airlines said it now does not expect to receive a single 737 MAX 7 in 2024.

“As a result of Boeing’s continued challenges, the Company expects the delivery schedule to be fluid and, therefore, plans to reduce capacity and re-optimize schedules, primarily for the back half of 2024, which will likely result in at least a one point reduction to the Company’s full year 2024 capacity plans on a year-over-year basis.”


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The manufacturer had previously been hoping to get the aircraft certified this year.

Guidance reevaluation

Subsequently, Southwest Airlines stated that it has been reevaluating its full-year 2024 guidance, including the expected capital expenditure on aircraft. It expects to provide an update on the year’s outlook on April 25, 2024, when the airline announces its Q1 2024 results.

For now, the carrier provided an update on the first quarter of the year, saying that so far, its performance during the first three months of the year has been strong, with no flight cancellations being much lower than in Q1 2023. As such, its capacity should grow by 11%, compared to the previous estimate of 10%. Both metrics are Year-on-Year (YoY).


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Meanwhile, it had to lower its Revenue Per Available Seat Mile (RASM) guidance from growth of 2.5% to 4.5% to either flat or up 2% YoY. Southwest Airlines noted that around 1% of the decrease is due to higher-than-expected completion factors in February and March, with the remaining numbers being attributed to lower-than-expected leisure passenger volume.

Looking forward to Q2 2024, the carrier said that bookings are ahead of seasonally normal trends, which could result in record operating revenue during the next quarter. Furthermore, it expects that its RASM should continue growing throughout 2024.


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It comes as the airline spent 10 months preparing for smooth operations this winter.

Other 737 MAX delays

The airline has joined several carriers, such as Allegiant Air, Ryanair, United Airlines, and others, which expect significant aircraft delivery delays from Boeing, including for the uncertified aircraft programs, the 737 MAX 7 and 737 MAX 10.

Delta Boeing 737 MAX

Photo: Delta Air Lines

In an interview with Bloomberg, Ed Bastian, the chief executive officer (CEO) of Delta Air Lines, stated that he expected that Boeing would deliver its first 737 MAX 10 to the airline in 2025. According to the executive, that timeline has shifted by a year or two.


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