The company also said it would exercise an option to order 40 Boeing (BA) 737 MAX 8 aircraft – 15 next year and 25 in 2020. It deferred 23 737 MAX 7 orders. Southwest at the time said its capacity growth plans for 2018 remained unchanged.
Bank of America Merrill Lynch downgraded Southwest to neutral along with Alaska Air ( ALK ), while JetBlue (JBLU) was cut to underperform. American was upgraded to buy; Delta and United were maintained at buy.
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