Southwest Airlines has exercised 40 Boeing 737-8 options, bringing its total 737 MAX firm orders to 280 aircraft, and plans to retire 40 737-700s as it takes delivery of the additional 737-8s from 2019-2022. The latest MAX orders were announced as the Dallas-based carrier reported a first-quarter net profit of $463 million, up 36.6% from net income of $339 million in the 2017 first quarter. The profit rise was achieved despite revenue increasing just 1.9% year-over-year (YOY) to $4.9 ...

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