Alaska Airlines says the grounding of some Boeing planes will cost the airline $150 million
1 year, 2 months ago

Alaska Airlines says the grounding of some Boeing planes will cost the airline $150 million

Associated Press  

DALLAS — Alaska Airlines said Thursday that the grounding of its Boeing 737 Max 9 jetliners will reduce full-year profit by $150 million and slow down the airline’s planned growth. “Until this incident, we were happy with the Max,” said CEO Ben Minicucci, “but we are going to hold Boeing’s feet to the fire to make sure that we get good airplanes out of that factory.” Alaska officials said some customers have booked flights on other airlines since flight 1282, but they portrayed the impact as limited and short-term. “I think at first, people will have some questions, some anxiety, just like they did” after two crashes involving Boeing Max 8s that forced Boeing to get the plane re-certified, Minicucci said, “but I believe over time the confidence will get back into this airplane.” The Alaska CEO and his counterpart at United Airlines — frustrated that the Max 9 grounding forced them to cancel hundreds of flights — used stronger language to blast Boeing earlier this week. American Airlines CEO Robert Isom chimed in on Thursday, calling Boeing’s safety issues “unacceptable.” “Boeing needs to get their act together,” he said on a call with analysts and reporters.

Airlines Boeing Alaska Share Airline Quarter American Max Southwest Cents 150 Million  share  airlines  cents  airline  boeing  quarter  max  planes  american  profit  grounding  alaska  cost  150  million

History of this topic

Southwest Airlines Layoffs: Low-cost carrier cuts 15% corporate workforce. Here’s why
1 month, 1 week ago

Southwest Airlines Layoffs: Low-cost carrier cuts 15% corporate workforce. Here’s why

Live Mint  

Dallas-based American low-cost carrier airline Southwest Airlines is laying off 1,750 people, which makes up for 15 per cent of the company's corporate workforce in an effort to save $210 million in 2025, reported the news agency AP on Tuesday, February 18. Southwest Airlines said that they would entirely focus the job cuts on the “corporate overhead and leadership positions,” …

An American Airlines jet crashed, but the company's stock didn't
1 month, 4 weeks ago

An American Airlines jet crashed, but the company's stock didn't

Salon  

You might think there's no bigger threat to an airline's bottom line than a fatal plane crash. But the day after American Airlines Flight 5342 collided with a U.S. Army helicopter in Washington, D.C., killing all 67 people onboard, shares of the company were trading just 2.5% lower. They point to the most recent major U.S. air disaster, in 2009, …

Boeing posts $3.8 billion Q4 loss and has lost more than $35 billion since fatal crashes in 2019
2 months ago

Boeing posts $3.8 billion Q4 loss and has lost more than $35 billion since fatal crashes in 2019

Associated Press  

WASHINGTON — Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer. Boeing has lost more than $35 billion since 2019 following the crashes of two then-new Max jets that killed 346 people. The company reiterated much of what it reported in last week’s release, including …

American Air Sees Surprise Loss in Break From Bullish Rivals
2 months, 1 week ago

American Air Sees Surprise Loss in Break From Bullish Rivals

Live Mint  

-- American Airlines Group Inc. forecast a surprise first-quarter loss, breaking from rival carriers cashing in on unusually strong winter demand and pricier domestic fares. The pessimistic forecast contrasts with more bullish outlooks from rivals United Airlines Holdings Inc. and Delta Air Lines Inc. pointing to strong demand for winter trips to Europe and higher domestic ticket prices. American’s extensive …

How much will Southwest Airlines change to boost profits? Some details are emerging
6 months ago

How much will Southwest Airlines change to boost profits? Some details are emerging

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. CEO Jordan fired back on Wednesday, saying it is …

Alaska Air clears a big hurdle in its proposed merger with Hawaiian Airlines
7 months, 1 week ago

Alaska Air clears a big hurdle in its proposed merger with Hawaiian Airlines

Associated Press  

Alaska Air is one step closer to acquiring Hawaiian Airlines after the U.S. Department of Justice chose not to challenge the $1 billion deal that the carriers say will create a company better able to serve travelers. Alaska and Hawaiian say they have few overlapping routes and the intent of a tie-up is to allow the new airline to better …

United Airlines Q2 profit rises to $1.32 billion as travel demand offsets the carrier’s rising costs
8 months, 2 weeks ago

United Airlines Q2 profit rises to $1.32 billion as travel demand offsets the carrier’s rising costs

Associated Press  

United Airlines on Wednesday reported that its second-quarter profit rose 23% to $1.32 billion, as record crowds at U.S. airports helped the carrier overcome sharply rising costs for fuel and labor. United said Wednesday that it expects to earn $2.75 to $3.25 per share in the third quarter, which is below the average $3.38 forecast among analysts in a FactSet …

Higher costs and low base fares send Delta’s profit down 29%. The airline still earned $1.31 billion
8 months, 2 weeks ago

Higher costs and low base fares send Delta’s profit down 29%. The airline still earned $1.31 billion

Associated Press  

Americans are traveling in record numbers this summer, but Delta Air Lines said Thursday that it saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry. Delta doesn’t disclose average fares, but passengers paid 2% less per mile in the second quarter, and there were a couple more empty seats on the average …

An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO
9 months, 3 weeks ago

An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO

Associated Press  

DALLAS — Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems. It said Jordan and former CEO Gary Kelly, now the airline’s executive chairman, “are not up to the task of modernizing Southwest.” Elliott is calling …

Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
11 months ago

Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well

Associated Press  

DALLAS — Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. In August, Southwest will stop flying to four airports: Cozumel in Mexico; Syracuse, New York; Bellingham, Washington; and George Bush Intercontinental Airport in Houston, where the airline’s major operation is at smaller …

United Airlines reduces reliance on Boeing - as bosses blame $124 MILLION first quarter loss on manufacturer's spate of disasters
11 months, 2 weeks ago

United Airlines reduces reliance on Boeing - as bosses blame $124 MILLION first quarter loss on manufacturer's spate of disasters

Daily Mail  

United Airlines indicated it will receive fewer planes from Boeing this year as it blamed its first quarter losses on a spate of disasters linked to the manufacturer. United reported a $124 million loss in the first three months of the year - which bosses said was due to the grounding of all Boeing 737 Max 9s after a panel …

United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes
11 months, 2 weeks ago

United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes

Associated Press  

United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January. United indicated it would receive far fewer new planes from Boeing this year than it expected, and it has begun leasing Airbus …

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares
11 months, 3 weeks ago

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

Associated Press  

Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing off a jetliner in flight to a tire falling off another plane during takeoff. Peter Carter, an executive vice president …

Boeing pays Alaska Airlines $160 million in compensation for the blowout of a panel during flight
11 months, 3 weeks ago

Boeing pays Alaska Airlines $160 million in compensation for the blowout of a panel during flight

Associated Press  

Alaska Airlines says Boeing has paid the carrier $160 million in “initial compensation” for a panel that blew out of an Alaska Boeing 737 Max 9 jetliner in January. Alaska said in Thursday’s filing that it expects to lose between $1.05 and $1.15 per share for the January-March quarter, with 95 cents per share of the loss related to the …

Boeing shells out $160MILLION to Alaska Airlines in 'initial compensation' after 737 Max 9 jets were grounded in wake of door blowout
11 months, 3 weeks ago

Boeing shells out $160MILLION to Alaska Airlines in 'initial compensation' after 737 Max 9 jets were grounded in wake of door blowout

Daily Mail  

Alaska Air Group announced on Thursday that it had received a $160 million payment from Boeing to make up for the financial loss the airline suffered when their 737 MAX 9 aircrafts were temporarily grounded. The amount is equal to the revenue lost after a door plug on an Alaska Air 737 MAX 9 aircraft blew out midflight in January, …

United Airlines is asking pilots to take time off in May because of a shortage of new Boeing planes
11 months, 4 weeks ago

United Airlines is asking pilots to take time off in May because of a shortage of new Boeing planes

Associated Press  

United Airlines is asking its pilots to take time off in May because of delays in receiving new planes that the airline ordered from Boeing, which is struggling with production due to manufacturing problems. “Due to the recent delays in Boeing deliveries, our forecasted have been reduced and we are offering our pilots voluntary programs for the month of May …

Major airlines want to hear how Boeing plans to fix problems in the manufacturing of its planes
1 year ago

Major airlines want to hear how Boeing plans to fix problems in the manufacturing of its planes

Associated Press  

The heads of leading U.S. airlines want to meet with Boeing and hear the aircraft manufacturer’s strategy for fixing quality-control problems that have gained attention since a panel blew out of an Alaska Airlines jetliner in January, people familiar with the situation said Thursday. The newspaper said that Boeing CEO David Calhoun is not expected to meet with the airline …

Why Boeing's woes could push up airline prices for consumers
1 year ago

Why Boeing's woes could push up airline prices for consumers

Daily Mail  

Boeing's problems since the United Airlined door blowout have been constant - now travelers face cancelled routes and fare hikes this summer. The Federal Aviation Administration capped production of the 737 Max due to safety concerns Southwest previously expected 79 737 Max aircraft this year but that forecast was cut to 46 US airlines typically deploy the Boeing 737 Max …

American Airlines to buy 260 new planes from Boeing, Airbus and Embraer to meet growing demand
1 year ago

American Airlines to buy 260 new planes from Boeing, Airbus and Embraer to meet growing demand

Associated Press  

DALLAS — American Airlines announced a massive order for new planes on Monday, splitting 260 new aircraft between Boeing, Airbus and Embraer in a move designed to meet growing travel demand and increase the airline’s supply of premium seats. In a presentation for analysts Monday, American called its short-haul network “the foundation of value for customers and investors.” American CEO …

Boeing ousts head of 737 jetliner program weeks after panel blowout on a flight over Oregon
1 year, 1 month ago

Boeing ousts head of 737 jetliner program weeks after panel blowout on a flight over Oregon

Associated Press  

SEATTLE — Boeing said Wednesday that the head of its 737 jetliner program is leaving the company in an executive shake-up weeks after a door panel blew out on a flight over Oregon, renewing questions about safety at the company. Katie Ringgold, a vice president in charge of delivering 737s to airlines, will succeed Clark as vice president and general …

Boeing cuts its 4Q loss to $30 million, but that was before one of its jets lost a panel in flight
1 year, 2 months ago

Boeing cuts its 4Q loss to $30 million, but that was before one of its jets lost a panel in flight

Associated Press  

Boeing narrowed its fourth-quarter loss to $30 million and increased production of its best-selling plane just before one of them suffered a blowout of a side panel during a flight, an accident that has raised new safety concerns about the aircraft manufacturer. However, the company declined to offer its own forecast of 2024 results — an indication of the uncertainty …

At United and Alaska airlines, frustration with Boeing’s manufacturing problems is boiling over
1 year, 2 months ago

At United and Alaska airlines, frustration with Boeing’s manufacturing problems is boiling over

Associated Press  

The leaders of United Airlines and Alaska Airlines took turns Tuesday blasting Boeing over manufacturing problems that have led to the grounding of more than 140 of their planes, with United’s CEO saying his airline will consider alternatives to buying a future, larger version of the Boeing 737 Max. Kirby said on CNBC that he believes that the Max 9s …

United Airlines expects to lose money in the first quarter due to the grounding of Boeing Max 9 jets
1 year, 2 months ago

United Airlines expects to lose money in the first quarter due to the grounding of Boeing Max 9 jets

Associated Press  

United Airlines said Monday it will lose money in the first three months of this year as it deals with the grounding of its Boeing 737 Max 9 planes after a panel blew out of a Max jetliner this month. United and Alaska Airlines have canceled hundreds of flights since the Federal Aviation Administration grounded their Max 9 jets after …

Delta posts a $2 billion quarterly profit, but shares dip as airline trims forecast of 2024 earnings
1 year, 2 months ago

Delta posts a $2 billion quarterly profit, but shares dip as airline trims forecast of 2024 earnings

Associated Press  

Delta Air Lines earned $2 billion in the fourth quarter, posted record full-year revenue, and says it is buying more planes to boost its international flying. That tells us it’s going to be a very good year, 2024.” Bastian said, however, he was concerned about higher maintenance costs, which he blamed on supply-chain disruptions, and an inability to receive new …

Alaska Airlines cancels flights on certain Boeing planes through Saturday for mandatory inspections
1 year, 2 months ago

Alaska Airlines cancels flights on certain Boeing planes through Saturday for mandatory inspections

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Alaska Airlines is canceling through …

Alaska incident: US aviation regulator grounds all Boeing 737-9 Max planes
1 year, 2 months ago

Alaska incident: US aviation regulator grounds all Boeing 737-9 Max planes

Hindustan Times  

In a recent development, the FAA has ordered the temporary suspension of all Boeing Max airplanes. After the recent incident, the FAA decided to halt the operation of specific Boeing 737 MAX 9 airplanes used by U.S. airlines or flying within the U.S. Now, emerging reports suggest that the Federal Aviation Administration has taken a decisive measure due to the …

Alaska Airlines cancels flights on Boeing Max 9s through Saturday
1 year, 2 months ago

Alaska Airlines cancels flights on Boeing Max 9s through Saturday

LA Times  

A plastic sheet covers an area of the fuselage of an Alaska Airlines 737 Max 9 aircraft at Portland International Airport on Monday. The Seattle-based airline said Wednesday that it would cancel 110 to 150 flights a day while the Max 9 planes remain grounded. Alaska Airlines is canceling through Saturday all flights on Boeing 737 Max 9 planes like …

A Boeing 737 plane ripped open mid-air. Here’s what we know
1 year, 2 months ago

A Boeing 737 plane ripped open mid-air. Here’s what we know

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Operators must also complete corrective action requirements based …

Alaska Airlines warned of issues with Boeing plane before blowout
1 year, 2 months ago

Alaska Airlines warned of issues with Boeing plane before blowout

Al Jazeera  

US investigators say the plane was allowed to fly despite triggered warning lights on previous three flights. Alaska Airlines allowed the Boeing plane that had a mid-air blowout this week to fly despite warnings from a cabin pressurisation system. The National Transportation Safety Board, the United States’ chief accident investigator, said on Monday that warning lights were triggered on the …

Boeing, Alaska Air Group fall; Harpoon Therapeutics, Axonics rise, Monday, 1/8/2024
1 year, 2 months ago

Boeing, Alaska Air Group fall; Harpoon Therapeutics, Axonics rise, Monday, 1/8/2024

Associated Press  

NEW YORK — Stocks that traded heavily or had substantial price changes on Monday: Boeing Co., down $20 to $229. Some Boeing 737 Max jetliners are grounded after an Alaska Airlines plane suffered a blowout that left a gaping hole in the side of the fuselage. Alaska Air Group Inc., down 8 cents to $37.87. Cancellations mounted at the airline …

Alaska Airlines’ decision not to ground Boeing jet despite warning signs comes under scrutiny
1 year, 2 months ago

Alaska Airlines’ decision not to ground Boeing jet despite warning signs comes under scrutiny

Associated Press  

PORTLAND, Ore. — The decision by Alaska Airlines to stop flying one of its planes over the Pacific Ocean to Hawaii due to warnings from a cabin-pressurization system — yet keep flying it over land — is raising questions about whether the jet should have been in the air at all. Monday afternoon, United Airlines said it found loose bolts …

Boeing Back In The Hot Seat After Mid-Air Panel Blowout; Shares Fall
1 year, 2 months ago

Boeing Back In The Hot Seat After Mid-Air Panel Blowout; Shares Fall

ABP News  

A mid-air cabin panel blowout incident on an Alaska Airlines Boeing 737 MAX-9 aircraft in the US has put Boeing in the exact spot investors and management hoped it would avoid, back in the regulatory crosshairs just as it was awaiting approval of new models of its best-selling MAX jet, reported by Reuters. Meanwhile, Indian carrier Akasa Air on Monday …

600 Alaska and United flights cancelled after Boeing 737 grounding, ‘cancellations will continue through the week’
1 year, 2 months ago

600 Alaska and United flights cancelled after Boeing 737 grounding, ‘cancellations will continue through the week’

Hindustan Times  

United States' decision to ground Boeing 737 MAX 9 aircraft has left many air travellers in a chaos. Passenger oxygen masks hang from the roof next to a missing window and a portion of a side wall of an Alaska Airlines Flight 1282, which had been bound for Ontario, California and suffered depressurization soon after departing, in Portland, Oregon, US, …

US Grounds Some Boeing 737 Max 9 Planes After Alaska Airlines Mid-Air Blowout
1 year, 2 months ago

US Grounds Some Boeing 737 Max 9 Planes After Alaska Airlines Mid-Air Blowout

ABP News  

Authorities in the United States ordered the immediate grounding of certain Boeing 737 Max 9 jetliners for thorough inspections after Friday's blowout incident on an Alaska Airlines plane resulted in a significant breach in the fuselage. The FAA, as reported by BBC, said it would "order the temporary grounding of certain Boeing 737 Max 9 aircraft operated by US airlines …

Grounding of Boeing 737s is latest blow to business for aviation giant
1 year, 2 months ago

Grounding of Boeing 737s is latest blow to business for aviation giant

The Telegraph  

The decision by American regulators on Saturday night to temporarily ground several Boeing 737 jets is a massive blow to the US aircraft giant, as well as to the airlines that use its planes. The narrow-body airliners make up the majority of the aviation giant’s sales volumes with around 10,000 delivered since their inception. Now, after the fuselage of a …

Alaska Airlines grounds all Boeing 737-9 after plane loses window after take-off in Oregon, US
1 year, 2 months ago

Alaska Airlines grounds all Boeing 737-9 after plane loses window after take-off in Oregon, US

ABC  

Alaska Airlines have grounded all of its Boeing 737-9 aircraft after a window and piece of fuselage from one of the planes blew out in midair and forced an emergency landing in Portland, Oregon. Key points: The airline says the plane landed safely with 174 passengers and six crew members Each aircraft will be returned to service after full maintenance …

Southwest Airlines quarterly profit slides 30% and says growth will slow next year
1 year, 5 months ago

Southwest Airlines quarterly profit slides 30% and says growth will slow next year

Associated Press  

DALLAS — Southwest Airlines’ third-quarter profit fell 30% to $193 million despite record revenue as leisure travel boomed over the summer, and the airline is losing pricing power at the same time that labor costs are rising. Southwest said Thursday that it will throttle back growth plans next year because of changes in travel, including a disappointingly slow recovery in …

Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One
1 year, 5 months ago

Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One

Associated Press  

Boeing reported a $1.64 billion loss for the third quarter as it delivered fewer of its best-selling but problem-plagued 737 Max airliner and sunk more money into building two new Air Force One presidential jets. In its government work, Boeing reported a $482 million loss on its contract with the Air Force to build two new presidential jets because of …

American Airlines lost $545 million in the third quarter on higher labor costs while rivals prosper
1 year, 5 months ago

American Airlines lost $545 million in the third quarter on higher labor costs while rivals prosper

Associated Press  

DALLAS — American Airlines posted a $545 million loss for the third quarter as revenue was flat with last summer and costs rose, especially to cover a new contract with its pilots. Wall Street had already discounted the airline’s earning potential as jet fuel prices continue to creep higher: Analysts were expecting full-year profit of $2.34 per share even before …

American Airlines rides travel boom to $1.3 billion profit in the second quarter as fuel prices drop
1 year, 8 months ago

American Airlines rides travel boom to $1.3 billion profit in the second quarter as fuel prices drop

Associated Press  

DALLAS — American Airlines reported a $1.34 billion profit for the second quarter, boosted by strong ticket sales and a huge drop in the price of jet fuel, and the airline raised its profit expectations for the year. Analysts were disappointed in American’s forecast that third-quarter revenue per seat will decline about 6% as the airline adds more flights, which …

Tale of 2 airlines: Big profit at American, Southwest loss
2 years, 2 months ago

Tale of 2 airlines: Big profit at American, Southwest loss

Associated Press  

American Airlines and two smaller carriers gave more proof Thursday of the recovery in air travel, posting better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month. The airline had signaled it would lose money, but the adjusted loss of 38 cents per share was worse than the 7 cents per share …

Southwest’s strong 2022 rebound soured by holiday debacle
2 years, 2 months ago

Southwest’s strong 2022 rebound soured by holiday debacle

Associated Press  

DALLAS — Southwest Airlines is anticipating a money-losing fourth quarter after a winter storm and technology meltdown led to nearly 17,000 canceled flights and stranded hundreds of thousands of holiday travelers. The airline said that expenses increased due to reimbursements to customers for out-of-pocket costs — the company has promised to cover “reasonable” bills for hotel rooms, meals and alternate …

Boeing reports unexpected loss after taking hits from Air Force One, Starliner programs
2 years, 5 months ago

Boeing reports unexpected loss after taking hits from Air Force One, Starliner programs

CNN  

New York CNN Business — Boeing reported an unexpected loss in the third quarter Wednesday after taking a massive $2.8 billion charge related to its high profile defense and space businesses, including completing the new versions of Air Force One and its much delayed Starliner space capsule. The company also continued to report losses from its core commercial jet unit, …

American Airlines earns $476 million on record revenue in 2Q
2 years, 8 months ago

American Airlines earns $476 million on record revenue in 2Q

Associated Press  

DALLAS — American Airlines earned $476 million in the second quarter on record revenue from summer travelers and said Thursday that it expects to remain profitable in the third quarter. Gatten said Heathrow officials told American “on extremely short notice” last week to cancel departing flights to help the airport manage overcrowding. Air travel in the U.S. has returned to …

Southwest loses $278M in Q1 but sees profitable rest of 2022
2 years, 11 months ago

Southwest loses $278M in Q1 but sees profitable rest of 2022

Associated Press  

DALLAS — Southwest Airlines lost $278 million in the first quarter but said Thursday that it expects to be profitable for the rest of the year because of surging demand for travel. Southwest said its workforce grew by 3,300 people in the quarter, and CEO Robert Jordan said the airline was still “intensely focused” on hiring and training workers heading …

Boeing posts $1.2 billion loss in Q1, worse than expected
2 years, 11 months ago

Boeing posts $1.2 billion loss in Q1, worse than expected

Associated Press  

Boeing said Wednesday that it lost $1.2 billion in the first quarter as it took large write-downs and lost money in both its civilian-airplane and defense businesses. Calhoun said the company was on track to generate positive cash flow over the entire year “despite the pressures on our defense and commercial development programs.” “This was another dreadful quarter from Boeing,” …

Boeing posts $1.2bn loss in first quarter as jet issues persist
2 years, 11 months ago

Boeing posts $1.2bn loss in first quarter as jet issues persist

Al Jazeera  

The loss is bigger than Wall Street has expected, and the firm’s quarterly revenue also fell short of expectations. Boeing offered some optimism for improvement, however, saying that it has submitted plans to resume deliveries of its 787 airliner and it increased production and deliveries of the 737 MAX passenger jet during the quarter. Calhoun said the company was on …

American Airlines loses $1.6 billion but sees better outlook
2 years, 11 months ago

American Airlines loses $1.6 billion but sees better outlook

Associated Press  

DALLAS — American Airlines lost $1.64 billion in the first quarter, a wider loss than a year ago, but said Thursday that it expects to turn profitable in the spring as travel demand strengthens. Air travel was subdued early in the year by the omicron variant that caused an increase in COVID-19 cases, but passengers returned in March, and American …

Southwest sees Q4 profit, says omicron not hurting bookings
3 years, 3 months ago

Southwest sees Q4 profit, says omicron not hurting bookings

Associated Press  

DALLAS — Southwest Airlines said Wednesday that it expects to turn a profit in the fourth quarter and throughout 2022 as air travel recovers from the pandemic, and that the new COVID-19 variant is not hurting bookings. Southwest, the nation’s fourth-largest airline by revenue, reported a profit in the third quarter, but only because of federal pandemic relief. Southwest expects …

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