Southwest Airlines' grounding of its 34 Boeing 737 Max 8 jets has contributed to $150 million in lost revenue for the company, according to a new filing with the Securities and Exchange Commission. The company also revealed that it has canceled 9,400 flights in the first quarter due to weather, groundings and the recent debacle with the airline's mechanics union. Most of the cancellations — about 3,800 — were due to winter weather, but the company said 2,800 were a result of the Boeing 737 Max 8 grounding and another 2,800 came from the mechanics union spat. The airline said it was actively managing the cancellations and working with passengers to avoid disruptions, though as a result of the cancellations its estimated first-quarter annual growth for 2019 has fallen from 3.5 percent to 1 percent.

Source: Ethiopian News March 27, 2019 12:19 UTC