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☆ American Airlines posts narrow fourth-quarter profit
▼ + stars: | 2024-01-25 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. American Airlines on Thursday posted a $19 million profit for the last three months of 2023, topping Wall Street estimates on the top and bottom lines. 29 cents adjusted vs. 10 cents per share expected. For the last three months of 2023, American Airlines reported net income of $19 million, down from $803 million the year prior. "The American Airlines team produced an exceptionally strong performance in 2023," CEO Robert Isom said in a statement Thursday.

Persons: Robert Isom Organizations: Boeing, American Airlines, LSEG, Revenue, United Airlines, Max, Federal Aviation Administration, Alaska Airlines Locations: Barcelona, Southwest, Alaska

☆ Boeing appoints independent advisor to lead 737 Max 9 review as groundings stretch on
▼ + stars: | 2024-01-16 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport on January 9, 2024 in Portland, Oregon. NTSB investigators are continuing their inspection on the Alaska Airlines N704AL Boeing 737 MAX 9 aircraft following a midair fuselage blowout on Friday, January 5. He and his team will have any and all support he needs from me and from across The Boeing Company," Calhoun said in a statement. The Federal Aviation Administration grounded Boeing 737 Max 9s earlier this month so the jets could undergo inspections after a door plug blew off Alaska Airlines Flight 1282 on January 5. Shares of Boeing fell about 8% Tuesday and are down almost 20% since the groundings began.

Persons: Kirkland Donald, Donald, Dave Calhoun, I've, Calhoun, Max Organizations: Alaska Airlines, Portland International Airport, NTSB, Alaska Airlines N704AL Boeing, Boeing, Boeing Company, Federal Aviation Administration, FAA, U.S . Navy, Naval Nuclear Propulsion Program Locations: Portland, Portland , Oregon

☆ 5 things to know about Boeing’s latest 737 Max crisis
▼ + stars: | 2024-01-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +10 min

Here is the latest on what to know as Boeing faces yet another 737 Max crisis. “We’ll make sure that we take steps to ensure that it never, never can happen.”The 737 Max 9 remains groundedOn Saturday, the Federal Aviation Administration ordered most Boeing 737 Max 9 aircraft to be temporarily grounded as regulators and Boeing investigate the cause of the incident. That has led to hundreds of cancelations, particularly from Alaska Airlines and United Airlines, which have dozens of the 737 Max 9 planes. United Airlines said it is canceling 167 Boeing 737 Max 9 flights today and expects significant cancellations on Thursday, too. Alaska Airlines also said Monday it found loose hardware on some of its 737 Max 9 planes during inspections.

Persons: Dave Calhoun, company’s ‘, “, Calhoun, ” Calhoun, Patrick Shanahan, “ We’re, ”, “ We’ll, Max, Jennifer Homendy, CNN’s Poppy Harlow, AeroSystems, Republican Sen, J.D, Vance, Joe Biden, John Lovell, David Calhoun, ” Homendy, “ I’ve, I’ve, What’s, Eric Weiss, it’s, —, Catherine Thorbecke, Chris Isidore, Greg Wallace, Pete Muntean Organizations: New, New York CNN, Alaska Airlines, Max, Boeing, CNBC, Alaska Airlines midflight, Spirit, Federal Aviation Administration, United Airlines, . United Airlines, National Transportation Safety, CNN, FAA, NTSB, Republican, Senate, National Transportation Safety Board, Alaska Airlines Flight, Reuters, Airbus, Transportation Safety Locations: New York, Portland , Oregon, ”, Ohio, Alaska, U.S, Indonesia, Ethiopia, Calhoun, Portland

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