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KDAL
Topic Author
Posts: 61
Joined: Mon Aug 26, 2019 3:40 am

Southwest Agrees to Compensation for Max Grounding

Thu Dec 12, 2019 8:48 pm

Hadn't seen this mentioned anywhere here yet.

https://www.cnbc.com/2019/12/12/southwe ... oyees.html

"Southwest Airlines said Thursday it has reached agreement with Boeing to compensate the airline for some of the financial damages from the grounding of the 737 Max.

Southwest didn't disclose the terms of the agreement, but the Dallas-based airline reiterated that it would share $125 million with its employees."

The details of the settlement itself appear to be confidential, but the money going to the employee profit sharing award is in line with statements made by the company earlier in the year.

Perhaps some discounts on future Max aircraft? Seems likely, but I suspect we'll never truly know the answer.
All opinions and views expressed are my own and not representative of those of Southwest Airlines Co., its subsidiaries, or affiliates.
 
Sooner787
Posts: 2753
Joined: Thu Jul 18, 2013 1:44 am

Re: Southwest Agrees to Compensation for Max Grounding

Thu Dec 12, 2019 8:58 pm

I'd say this bodes well for RTS to be sooner than later.

I think Southwest has enough confidence in the RTS time frame to sign off on deal. :)
 
KDAL
Topic Author
Posts: 61
Joined: Mon Aug 26, 2019 3:40 am

Re: Southwest Agrees to Compensation for Max Grounding

Thu Dec 12, 2019 9:15 pm

Sooner787 wrote:
I'd say this bodes well for RTS to be sooner than later.

I think Southwest has enough confidence in the RTS time frame to sign off on deal. :)

Agreed. Here's hoping RTS comes soon! The grounding has made this a very frustrating year for many (if not all) employees. The fact that PS shouldn't be affected is nice, but getting our fleet back will be better.
All opinions and views expressed are my own and not representative of those of Southwest Airlines Co., its subsidiaries, or affiliates.
 
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admanager
Posts: 291
Joined: Sat Aug 20, 2011 11:28 pm

Re: Southwest Agrees to Compensation for Max Grounding

Thu Dec 12, 2019 9:29 pm

Sooner787 wrote:
I'd say this bodes well for RTS to be sooner than later.

I think Southwest has enough confidence in the RTS time frame to sign off on deal. :)


It appears the FAA doesn't share your confidence. "FAA Administrator Steve Dickson said Wednesday he would not clear the plane to fly before 2020 and disclosed the agency has an ongoing investigation into 737 production issues in Renton, Washington. He added there are nearly a dozen milestones that must be completed before the MAX returns to service."

It'll be nice to get the Max back in the air.

https://www.reuters.com/article/us-boei ... ss+News%29

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