Southwest extends Boeing 737 MAX pull out by a week

Investigators have determined that an anti-stall system automatically activated before the Ethiopian Airlines Boeing 737 Max jet plunged into the ground

"We have made a decision to temporarily move from a production rate of 52 airplanes per month to 42 airplanes per month starting in mid-April", he said in a statement. Never the less, the US-based low-priced carrier maker with a market capitalization of 101.1 billion did not reveal an end-date. The No.1 US carrier had on March 24 said it had canceled flights through April 24, citing grounding of 737 MAX aircraft.

American said Sunday that by canceling the flights in advance, "we are able to provide better service to our customers with availability and re-booking options", and to avoid last-minute flight disruptions.

Investigators said this week that pilots on the Ethiopian Airlines flight attempted to follow procedures to disable the flight-control system that Boeing had laid out after the Lion Air crash.

In all, 346 people died in the crashes.

Some Wall Street analysts have warned that the potential impact to Boeing's revenue as it cuts production of the plane, as well as slightly fewer revenue-generating flight by airlines who operate the plane, could have an impact on the United States' first quarter GDP reading.

Among major U.S. air carriers (IYT), Southwest Airlines (LUV) is the largest buyer and has ordered 280 737 Max jets. The system may have been triggered by faulty information from one of the two angle-of-attack sensors mounted on the aircraft's nose, the report said.

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The analyst in his note to clients wrote on April 8 that "Regaining the Boeing 737 Max airworthiness certificate is not just a simple software fix", Bloomberg reported.

"Safety is our responsibility, and we own it", chief executive Dennis Muilenburg said on Friday after the close of regular trading.

Boeing spokesman Chaz Bickers said most of the 737s produced each month are MAX models, but would not say how many.

Lion Air Group said it had grounded all 10 of its Boeing 737 Max 8 aircraft, while national flag carrier Garuda Indonesia had grounded its only Max 8. In a statement, Boeing said, "The flight crew conducted various scenarios that exercised different aspects of the software modifications to test failure circumstances".

In the release, Muilenburg announced plans for a newly established committee to review policies and processes for the development of aircraft, confirm ability of policies to assure safety and recommend improvements.

"The history of our industry shows most accidents are caused by a chain of events", Muilenburg said.

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