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☆ Boeing reports quarterly results before the bell. Here's what Wall Street expects
▼ + stars: | 2024-04-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Here is what Wall Street expects for Boeing for the period that ended March 31, according to estimates from LSEG:Loss per share: $1.76 adjusted$1.76 adjusted Revenue: $16.23 billionBoeing has been hamstrung in ramping up production, especially of its best-selling 737 Max planes. After the door plug blew out on the Alaska Airlines Max 9 on Jan. 5, the Federal Aviation Administration has barred Boeing from increasing output. Questions abound for Boeing's lame duck CEO Dave Calhoun, who announced in March that he would step down by year-end. Among those questions: When will Boeing stabilize its production line and increase production of the 737 Max and other planes?

Persons: Dave Calhoun, Max Organizations: Boeing, Max, Boeing Factory, Alaska Airlines Max, Federal Aviation Administration, FAA Locations: Renton , Washington

☆ These plane crash survivors and victims’ loved ones are becoming scared to fly again after years of travel. They’re not alone
▼ + stars: | 2024-04-06 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +13 min

Others, however, said they are still confident in flight safety, pointing out that commercial air travel remains one of the safest modes of transportation. Cara and Erin Ashcraft survived the crash of American Airlines Flight 1420, operated on a McDonnell Douglas MD-82, during a landing at Little Rock National Airport on June 1, 1999. “I’ve never had concerns (about air travel safety) before. This is the hole left behind when the plug door of an Alaska Airlines flight blew off midflight on January 5, 2024. Pierson is wary of attitudes around the apparent safety of American air travel, he said.

Persons: Barb Handley, –, ” Handley, Handley, ”, ‘, Mary Handley, Alice, Barb Handley Miller, Pat Gabrielse, Dan Handley, Beth Handley McMall, Kathleen Handley Salemi, Cara, Erin Ashcraft, “, I’m, ” Cara, ” Cara Ashcraft, ’, McDonnell Douglas, Andy Scott, “ I’m, ” Erin Ashcraft, ” ‘ I’ve, Trey Smith, “ I’ve, ” Smith, Smith, Scott Kirby, United, Boeing Aubrey, Max, Aubrey, they’re, ” Anthony Brickhouse, Florida’s Embry, Brickhouse, Ed Pierson, Pierson, That’s, ” CNN’s Chris Isidore, Jacopo Prisco Organizations: CNN, Alaska Airlines, United Airlines Boeing, Boeing, –, National Transportation, NTSB, Federal Aviation Administration, United Airlines, American Airlines, McDonnell, Little Rock National Airport, Dallas Morning News, International Air Transport, United, Reuters United, Airbus, “ Airlines, Delta Air Lines, Hawaiian Airlines, Florida’s, Riddle Aeronautical University, Alaska Airlines Max, US Federal Aviation Administration, National Transportation Safety Board, Foundation for Aviation Safety, Air Canada, San Francisco International Airport Locations: Alaska, Little Rock , Arkansas, United States, Virginia, Los Angeles, East, Southwest

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. A United spokesperson said Monday that the offer is voluntary. Almost all of the shortfall consists of Boeing 737 Max planes, including a new, larger model. United CEO Scott Kirby is one of several airline executives who have called out problems at Boeing and sought a meeting with Boeing directors. Shares of Boeing Co. fell 2%, while United Airlines Holdings was up less than 1% in midday trading Monday.

Persons: Leslie Scott, United, Max, Scott Kirby, David Calhoun Organizations: Boeing, United, Max, Federal Aviation Administration, FAA, Alaska Airlines Max, Alaska Airlines, Boeing Co, United Airlines Holdings

☆ A Boeing whistleblower says he got off a plane just before takeoff when he realized it was a 737 Max
▼ + stars: | 2024-03-15 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A Boeing whistleblower told CNN he refused to fly on a plane he'd boarded after realizing it was a Boeing 737 Max. Ed Pierson said he'd deliberately made sure the plane wasn't a 737 Max prior to booking. AdvertisementA Boeing whistleblower says that he was meant to take a domestic flight last year but ended up leaving the plane before takeoff because he refused to travel on a Boeing 737 Max. He said that he made sure to select a flight that didn't use a Boeing 737 Max. Pierson previously told the Los Angeles Times that he would "absolutely not" fly on a 737 Max because of safety concerns.

Persons: Max, Ed Pierson, he'd, Pierson, — Organizations: Boeing, CNN, Service, Alaska Airlines, Max, Los Angeles Times, Alaska Airlines Max, Federal Aviation Administration Locations: Renton , Washington, Seattle, New Jersey, Alaska

☆ CNBC Daily Open: Sticky inflation muddies water for Fed
▼ + stars: | 2024-03-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nearly half of the world's total dividend growth came from the banking sector, which delivered record payouts as rising borrowing costs lifted lenders' margins, the report found. Boeing crisis hurt airlinesCEOs from several airlines say Boeing's delivery delays have forced the carriers to change their growth plans. Citadel on rate cutsInflation headwinds remain and the Fed shouldn't cut rates too quickly, says Citadel founder and CEO Ken Griffin.

Persons: Dow, Janus Henderson, Ken Griffin Organizations: CNBC, Nasdaq, Boeing, Alaska Airlines Max, Southwest Airlines, Alaska Airlines, United, Citadel Locations: British

☆ CNBC Daily Open: Stubborn inflation is a problem for the Fed
▼ + stars: | 2024-03-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Despite high inflation, the BOJ hasn't really shifted from its ultra-loose monetary policy that has been in place in 2016. Rate cut pivot in 2024Central banks worldwide could make a rate cut pivot in 2024. Boeing crisis hurt airlinesCEOs from several airlines say Boeing's delivery delays have forced the carriers to change their growth plans.

Persons: Thomas Calomiris Organizations: Washington , DC, CNBC, Japan's Nikkei, Dow, Nasdaq, Bank of Japan, Economist Intelligence, Boeing, Alaska Airlines Max, Southwest Airlines, Alaska Airlines, United Locations: Washington ,, Asia, BOJ, Central, Beijing

☆ Boeing Disaster Proves Americans Businesses Greedy Mentality Is Broken
▼ + stars: | 2024-02-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +16 min

They expose decades of American corporate philosophy gone awry. A good American company isn’t just a vehicle for financial returns; it is first and foremost an employer, a contributor to economic and/or technological innovation, and a source of US power. But it’s clear that what Boeing — and the entire American corporate body politic — needs is nothing short of a philosophical counterrevolution. Over these three decades of plenty for Boeing’s shareholders, the company’s staff was asked to penny-pinch. Boeing’s stock cratered, and France’s Airbus , a rival once colloquially known as “Scare Bus,” started to eat the American company’s lunch .

Persons: it’s, could’ve, William Lazonick, “, It’s, won’t, William McGee, T.A, Wilson, Frank Shrontz, Max, Peter Robison, —, ”, Dave Calhoun, we’ve, Scott Kirby, hasn’t, “ We’re, Lazonick, wasn’t, Milton Friedman, Michael Jensen, Jensen, nary, Jack Welch, Welch, Wall, ” Lazonick, We’ve, Mary Barra, ” McGee Organizations: Alaska Airlines, Boeing, Investments, University of Massachusetts, ”, NASA, Airbus, Alaska Airlines Max, Wall, United Airlines, Federal Aviation Administration, CNBC, Washington, University of Chicago, Electric, Wall Street, GE, Dow Jones, Securities and Exchange Commission, Reality Labs, Deutsche Bank, Business, General Motors, United Auto Workers, Companies, GM, & $ Locations: Washington, America

WASHINGTON (AP) — The new chief of the Federal Aviation Administration says the agency will use more people to monitor aircraft manufacturing and hold Boeing accountable for any violations of safety regulations. FAA Administrator Mike Whitaker is expected to face a barrage of questions Tuesday about FAA oversight of the company since a door panel blew off a Boeing 737 Max 9 jetliner over Oregon last month. Separately, investigators with the National Transportation Safety Board are expected to release a preliminary report on the Jan. 5 incident as early as Tuesday. After the incident on the Alaska jet, the FAA grounded most Max 9s for three weeks until panels called door plugs could be inspected. FAA also said it won't let Boeing increase the production rate of new Max jets until it is satisfied with the company's safety procedures.

Persons: Mike Whitaker, Whitaker, Max, Whitaker's Organizations: WASHINGTON, Federal Aviation Administration, Boeing, Max, National Transportation Safety, Transportation, FAA, Alaska Airlines Max, Alaska, Sunday Locations: Oregon, Indonesia, Ethiopia, Arlington , Virginia

☆ Why airlines plug up emergency exits
▼ + stars: | 2024-01-25 | by ( Amy Fraher | ) edition.cnn.com time to read: +6 min

However, as a former United Airlines pilot now lecturing in Yale University’s School of Management, I believe the wrong questions are being asked about what happened on Alaska Airlines Flight 1282. The question we need to ask is: Why wouldn’t an airline use all of an aircraft’s emergency exits? Others, such as emergency exits, are more opaque to travelers. NTSB/Handout/ReutersWhy you get more emergency exits in IndonesiaIn the US, airlines must comply with federal aviation regulations, which dictate aircraft maintenance procedures and in-flight personnel assignments – and minimum standards for emergency exits. That’s precisely what happened with Alaska Airlines Flight 1282 – and how “door plug” suddenly entered the American vernacular.

Persons: –, Amy Fraher Organizations: CNN, Boeing, Federal Aviation Administration, Alaska Airlines, United Airlines, Yale University’s School of Management, National Transportation Safety, Transportation Safety Board, NTSB, Alaska Airlines Max, FAA, Southwest Airlines, Ryanair, United, Yale University Locations: Alaska, Portland , Oregon, Indonesia, Jakarta, United States, Ireland, U.S, American, Southwest

☆ Grounded Boeing Max 9 Jets Could Resume Flying Within Days
▼ + stars: | 2024-01-24 | by ( Ben Casselman | ) www.nytimes.com time to read: +1 min

Federal regulators on Wednesday cleared the way for Boeing 737 Max 9 jets to fly again — but also said they would put new limits on production of the troubled planes. The Federal Aviation Administration grounded about 170 Max 9 planes on Jan. 6 after a body panel detached from an Alaska Airlines Max 9 minutes after the flight took off from Portland, Ore., leaving a gaping hole in the side of the jet. On Wednesday, the agency approved a set of inspection and maintenance procedures and said airlines could resume flying the jets once the checks were complete. The process includes requiring airlines to inspect certain bolts and fasteners and to re-torque fasteners on the panel, known as a door plug, which is placed where an emergency exit door would be if a jet had more seats. United Airlines said that it would begin inspecting its 79 Max 9 planes under the new guidelines and that it expected to start using them again on flights on Sunday.

Organizations: Boeing, Max, Federal Aviation Administration, Alaska Airlines Max, United Airlines, Sunday . Alaska Airlines Locations: Portland ,, Sunday

The official, Mike Whitaker, said the FAA would not agree to any Boeing request to expand production of Max planes until the agency is satisfied that quality-control concerns have been addressed. The move came on the same day that a key senator indicated that Congress will join the scrutiny of Boeing. The National Transportation Safety Board is investigating the accident on an Alaska Airlines Max 9. Investigators are building a timeline of the door plug that failed, from the early stages of its production to the flight on which it blew off the plane. The Federal Aviation Administration is looking into whether Boeing and its suppliers followed proper safety procedures during manufacturing.

Persons: Mike Whitaker, Max, Sen, Maria Cantwell, David Calhoun, jetliner, Cantwell, Calhoun, ” Organizations: WASHINGTON, —, Boeing, Max, Federal Aviation Administration, Alaska Airlines Boeing, FAA, Senate Commerce, Science, Transportation Committee, National Transportation Safety, Alaska Airlines Max, NTSB Locations: Oregon, Portland , Oregon, Renton , Washington

The United Airlines CEO says he is “disappointed” in ongoing manufacturing problems at Boeing that have led to the grounding of dozens of United jetliners, and the airline will consider alternatives to buying a future, larger version of the Boeing 737 Max. United Airlines CEO Scott Kirby said Tuesday that Boeing needs “real action” to restore its previous reputation for quality. United has a standing order for Max 10 jets, a larger version of the Max line. The grounding of the Max 9 jets is likely to further complicate Boeing's drive to get the new models approved. Doing without the Max 10 probably means United won't grow as fast as it had hoped, Kirby added.

Persons: ”, Scott Kirby, Kirby, Max, United, “ We're, ” Kirby Organizations: United Airlines, Boeing, Max, Alaska Airlines Max, CNBC, Federal Aviation Administration, Airbus Locations: midflight

The panel that blew out of an Alaska Airlines jetliner this month was manufactured in Malaysia by Boeing’s leading supplier, the head of the agency investigating the incident said Wednesday. The officials indicated that their separate investigations of Boeing and the accident are in the early stages. Boeing said CEO David Calhoun visited the Wichita factory of Spirit AeroSystems, which makes a large part of the fuselage on Boeing Max jets and installs the part that came off an Alaska Airlines jetliner. An Alaska Airlines Max 9 was forced to make an emergency landing on Jan. 5 after a panel called a door plug blew out of the side of the plane shortly after takeoff from Portland, Oregon. The NTSB is investigating the accident, while the FAA investigates whether Boeing and its suppliers followed quality-control procedures.

Persons: Jennifer Homendy, Spirit AeroSystems, AeroSystems, “, Mike Whitaker, ”, Sen, Jerry Moran, Moran, Whitaker, ” Moran, David Calhoun, Patrick Shanahan —, Donald Trump, —, “ We’re, ” Calhoun, Max Organizations: Alaska Airlines, Boeing’s, National Transportation Safety, Federal Aviation Administration, Boeing, Max, Senate, Kansas Republican, FAA, Boeing Max, Pentagon, Alaska Airlines Max, NTSB, United Airlines, Dow Jones Locations: Malaysia, Washington, Wichita , Kansas, Kansas, Wichita, Calhoun, Portland , Oregon, Alaska, United, Arlington , Virginia

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