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.
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.