Southwest extends grounding of Boeing 737 Max into September

Southwest extends grounding of Boeing 737 Max into September
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Southwest Airlines announced Thursday it would continue to ground the Boeing 737 Max airplane through Sept. 2.

The airplane, which was grounded worldwide following two deadly crashes, had already been taken out of the airline's rotation until Aug. 5.

The decision is consistent with American Airlines’s recent move to extend Max cancellations through Sept. 3, from Aug. 19 previously.

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Boeing has yet to receive regulatory approval on software fixes it has made to the aircraft to address the issues involved in the crashes.

"We are encouraged by the reported progress and proposed path forward for returning the aircraft to service, and we remain confident that, once certified by the FAA, the enhancements will support the safe operation of the MAX," Southwest said in a statement.

The carrier’s schedule revision will keep about 100 flights out of its total peak daily schedule of 4,000.

The fatal crashes in Indonesia and Ethiopia resulted in a $1 billion loss for Boeing this quarter.