Southwest Airlines and Boeing reached an agreement last week under which the LCC deferred delivery of five 737-700s slated to arrive in 2008-13 and exercised options for 25 additional -700s for delivery in 2013 and 2014. The agreement is part of a broader strategy to slow its rate of growth. "In our continuing efforts to restore profit growth, we have adjusted both our fourth-quarter 2007 and full-year 2008 capacity plans to grow ASMs year-over-year by approximately 6%, or about two ...

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