Southwest Airlines (LUV) defers deliveries of 30 Boeing (BA) 737-800 jets by some four years,...

|About: Southwest Airlines Co. (LUV)|By:, SA News Editor

Southwest Airlines (LUV) defers deliveries of 30 Boeing (BA) 737-800 jets by some four years, saving more than $1B as the carrier extends a cap on fleet size and works to curb rising costs until it hits financial targets. Even as travel demand is strong, LUV CEO Gary Kelly wants to slow growth until hitting a goal of 15% return on invested capital.