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Bulletin: Southwest Airlines Co. Ratings Are Unaffected By The Company's New Boeing 737 MAX Aircraft Order Dec 11
Standard & Poors, Dec 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 13, 2011--Standard & Poor's Ratings Services said today that Texas-based Southwest Airlines Co.'s (BBB-/Stable/--) new, 150-aircraft order does not affect the ratings or outlook on the company. Southwest's order makes it the launch customer for Boeing Co.'s new 737 MAX aircraft, a variation of the 737 aircraft that makes up most of Southwest's aircraft fleet. Southwest expects to take delivery of the first aircraft in 2017. The new MAX engine is expected to reduce fuel burn and CO2 emissions by an additional 10%-11% over today's most fuel-efficient aircraft and thus should result in reduced operating costs. Southwest also placed orders for 58 additional Boeing 737 next-generation aircraft (it did not specify whether they were...
Companies mentioned in this report are: Southwest Airlines Co.,Boeing Co.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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