Despite those promising figures, the budget airline probably won't make any money this year due to one thing: the grounding of the Boeing 737 Max 8.
Shares of Southwest Airlines Company have risen 14.78% so far in 2019 compared with a 16.73% gain for the benchmark index, S&P 500 (SPX).
"Final decisions on returning the 737 MAX to service will be based on Air Canada's safety assessment following the lifting of government safety notices and approval by worldwide regulatory authorities", read the release.
"As we begin to prepare for summer peak season, the fundamentals of our business remain strong", Doug Parker, American Airlines chairman and chief executive officer, said Friday during a first quarter earnings call.
The airline cancelled 15,000 flights using its two dozen 737 Max jets up until late August.
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To address the issue, Air Canada said it will partner with Lufthansa for the provider's Montreal-Frankfurt flights for May.
Boeing made new software called MCAS to prevent stalls, but also the software was implicated to Max crashes in preliminary investigative reports in Ethiopia and Indonesia.
Boeing CEO Dennis Muilenburg said the company is working to improve these relationshipswith airlines as it develops a fix forthe 737 Max.
The airline said its employees were working overtime to accommodate some 700,000 summer travelers and thousands of crew affected by 15,000 MAX cancellations through August 19. The company didn't break out the complete cost of its results from the 737 Max crisis, but in a presentation to investors, it said it had booked a charge related to fixing the plane's problems.
"I haven't seen anything like this in decades, in terms of consumer fear and desire to avoid flying on the 737 Max", aviation industry analyst, Henry Harteveldt, said of the matter. Kelly also said he's "not happy" about the grounding the Boeing 737 Max. The company has reiterated that it has delivered a patch to the airliner but the plane has yet to be certified again by the FAA.