Southwest Airlines reaches compensation agreement with Boeing

Southwest Airlines reaches compensation agreement with Boeing

FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike Blake/File Photo

(Reuters) – Southwest Airlines Co (LUV.N) said on Thursday it had reached a compensation agreement with Boeing Co (BA.N) for a portion of the projected financial damages related to the grounding of the 737 MAX aircraft.

The U.S. airline said it would share the proceeds of about $125 million from Boeing with its employees.

Reporting by Sanjana Shivdas in Bengaluru;Editing by Shinjini Ganguli

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