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WN Cutting Growth - Again

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  • WN Cutting Growth - Again

    DALLAS -- Southwest Airlines Co. said Tuesday it would slow its planned growth in 2008, the second time this year that the low-cost carrier has reined in expansion as it struggles with high fuel costs.

    The airline said it would grow 4 percent to 5 percent next year, compared with earlier expectations of 6 percent in 2008. The company will retire planes faster than it adds new ones in a bid to boost profits.

    ** 3 733s will leave the fleet this month (lease returns)

    The Dallas-based airline plans to add five to 10 new planes next year, down from its previous plans for 19 Boeing 737s.
    Sounds smart to me, with rising costs and the overall condition of the industry.
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