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A Delta flight from NYC to LA had to turn back after its emergency exit slide detached. AdvertisementA Boeing plane was forced to make an emergency landing on Friday after an emergency slide fell off the aircraft. The Delta spokesperson said the airline was "fully supporting retrieval efforts and will fully cooperate in investigations." In a second statement, Delta said that the incident set off an emergency alarm. AdvertisementDelta Airlines 767-332ER makes emergency return to John F. Kennedy International Airport after losing its right-hand side emergency slide.
Persons: , Delta, John F, Flexport, Max Organizations: Boeing, Service, Delta Air Lines, New York's JFK, Delta, Kennedy, Airport, Breaking Aviation, JFK, Business, Federal Aviation Administration, Air Lines, Kennedy International, FAA, Alaska Airlines Locations: NYC, LA, JFK, New York's, New York, Portland , Oregon
CNN —After years of delays and a dizzying array of setbacks during test flights, Boeing’s Starliner spacecraft is finally set to make its inaugural crewed launch. “This is history in the making,” NASA Administrator Bill Nelson said of the upcoming Starliner mission during a March 22 news conference. Missteps riddled a Starliner test flight the prior year, leaving NASA and Boeing officials scrambling to figure out what went wrong. SpaceX’s Crew Dragon has been flying routine trips ever since, carrying NASA astronauts and even paying customers and tourists. On May’s inaugural crewed flight, Boeing will instead use a “perfectly acceptable mitigation” that should prevent the valves from sticking, Nappi said in March.
Persons: CNN —, Suni Williams, Butch Wilmore, , Mark Nappi, , we’ve, Ken Bowersox, SpaceX’s, Bill Nelson, “ We’re, Boeing’s Starliner, Bob Behnken, Doug Hurley, Steve Stich, we’re, ” Nappi, Stich, Nappi, — Williams, Wilmore, , ” Wilmore, Williams Organizations: CNN, NASA, International, Boeing, SpaceX, International Space, Alaska Airlines Locations: Florida, , Starliner’s
The airports losing Southwest service are:AdvertisementSyracuse Hancock International Airport in New York. Bellingham International Airport in Washington. Southwest also said it would "significantly restructure other markets," including putting capacity reductions at Hartsfield-Jackson Atlanta International Airport and Chicago O'Hare International Airport. Related stories"To improve our financial performance, we have intensified our network-optimization efforts to address underperforming markets," Southwest CEO Bob Jordan said in the earnings report, noting the impact could go into 2025. The backlash has prompted Boeing CEO Dave Calhoun to announce his resignation from the company, effective at the end of the year.
Persons: , George Bush, Boeing's Max, Max, Bob Jordan, Jordan, Dave Calhoun, Boeing's, Larry Kellner, Stan Deal, Stephanie Pope, Sam Salehpour Organizations: Service, Boeing, Max, Southwest Airlines, Business, Southwest, Syracuse Hancock International, Bellingham International Airport, Cozumel International, George Bush Intercontinental Airport, Alaska Airlines, Hartsfield, Jackson Atlanta International Airport, Chicago O'Hare International, Ryanair, United Airlines, Boeing Commercial Locations: New York, Bellingham, Washington, Cozumel, Mexico, Houston, Southwest, Alaska
Southwest Airlines is ceasing operations at four airports, and reducing flights from others, in an effort to cut costs after its growth plans were curtailed by fewer than expected plane deliveries from Boeing. The airline, which flies only Boeing 737 planes, said on Thursday that delays from the embattled aircraft manufacturer were behind its struggles. Southwest reported a loss of $231 million for the first quarter, worse than analysts expected, sending its share price down 10 percent in early trading. To cut costs because of its curtailed growth plans, Southwest said it would cease operations at four airports from early August: Bellingham International Airport in Washington State, Cozumel International Airport, George Bush Intercontinental Airport in Houston, and Syracuse Hancock International Airport. It would also “significantly restructure” its flights from other airports, most notably by reducing flights at Hartsfield-Jackson Atlanta International Airport and Chicago O’Hare International Airport.
Persons: George Bush Organizations: Airlines, Boeing, Bellingham International Airport, Cozumel International Airport, George, George Bush Intercontinental Airport, Syracuse Hancock International, Hartsfield, Jackson Atlanta International Airport, Chicago O’Hare International, Max, Alaska Airlines Locations: Bellingham, Washington State, Cozumel, Houston
American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates, sending shares roughly 5% higher Thursday. American reiterated its forecast to earn between $2.25 and $3.25 per share for the full year. American said it expects second-quarter capacity to be up 7% to 9%, and unit revenues to fall 1% to 3% from last year. Similar to Southwest , United and Alaska , American is affected by Boeing's latest quality control and safety crises. Adjusting for one-time items, including costs associated with new labor contracts, American lost $226 million, or 34 cents per share.
Persons: LSEG, Robert Isom, Isom, Boeing hasn't, , Phil LeBeau Organizations: Boeing, American Airlines, JFK International, CNBC, Revenue Locations: Austin , Texas, New York, Manhattan, Southwest, United, Alaska, American
“The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025,” said Southwest CEO Bob Jordan in the company’s first-quarter financial results statement. That incident prompted a three-week grounding of the Max 9, and will delay the certification of two new models of the plane, the 737 Max 7 and 737 Max 10, until at least next year. The cutbacks are the latest sign of the widening impact of the ongoing problems at Boeing throughout the air travel system. It announced Thursday that it has trimmed its order book to 19 of those jets, shifting to 737 Max 8 jets instead. Unlike all-Boeing Southwest, American’s fleet of mainline aircraft is split fairly evenly between those from Boeing and those from its rival Airbus.
Persons: Houston’s George, , Bob Jordan, replanning, Max, Robert Isom Organizations: New, New York CNN, Southwest Airlines, Boeing, Bellingham International Airport, Cozumel International, Syracuse Hancock International, Houston’s George Bush Intercontinental Airport, Alaska Airlines, American Airlines, Airbus, American Locations: New York, Bellingham, Washington state, Cozumel, Mexico, Syracuse, Southwest
Boeing losses, problems continue to mount
  + stars: | 2024-04-24 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
Boeing reported a core operating loss of $388 million, or $1.13 a share, from the $440 million it lost on that basis a year earlier. Plastic covers the exterior of the fuselage plug area of Alaska Airlines Boeing 737 Max 9 where a door plug on the plane blew off on a January 5 flight. The incident has sparked new focus on problems with the safety and quality controls at Boeing. Boeing has had a string of losses and problems with its planes’ quality dating back at least five years. It also announced plans to increase production of the 737 Max throughout 2024 in order to return to sustained profitability.
Persons: , , Dave Calhoun, Max Organizations: New, New York CNN, Boeing, Revenue, Alaska Airlines, Alaska Airlines Boeing, Max, NTSB, Getty, Alaska Air, United Airlines, National Transportation Safety Board, Federal Aviation Administration, Justice Department Locations: New York, Alaska, Tuesday’s
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
The first rule requires airlines to be more transparent about extra fees. The second rule requires airlines to issue cash refunds automatically, rather than in response to customer requests. It will require that airlines list and explain all extra fees "clearly, conspicuously, and accurately" on their web platforms or when they provide fare prices offline. The new airline rules are the latest action in President Joe Biden's broader battle against what the White House calls "corporate rip-offs." "There are tens of billions of dollars in other junk fees across the economy, and I've directed my administration to reduce or eliminate them," Biden said in 2022.
Persons: Biden, Pete Buttigieg, Buttigieg, Joe Biden's, I've Organizations: Department of Transportation, Boeing, Alaska Airlines, United, White House Locations: Southwest
The airline topped the American Customer Satisfaction Index, despite its infamous panel blowout in January. Overall, US air travel customers were happier than last year with their experiences. The airline comfortably topped the annual American Customer Satisfaction Index with a score of 82, a one-point improvement compared to 2023. Allegiant registered a four-point rise in overall customer satisfaction, making it one of the fastest climbers this year. By collating this information, the American Customer Satisfaction Index says it provides a "definitive measure of passenger satisfaction."
Persons: , Allegiant, Max, Kyle Rinker, Jonathan W Organizations: Alaska Airlines, Service, American Airlines, Allegiant Air, Delta, United Airlines, Boeing, Portland International, Johnson, International Air Transport Association Locations: Alaska
I moved to Alaska from Oregon to find work opportunities in the mining industry about 20 years ago. In Alaska, rotational work cycles can last up to six weeks with no break. During that time, I made just over $1,800 a week working nearly 82 hours a week. AdvertisementMy work opportunities are now limitedI plan to go back to rotational work after a year or two to enjoy life a little more. Then, I want to return to rotational work to have more time to enjoy life.
Persons: Justin Peterson, , I've, I'm, Justin Peterson I've Organizations: Service, Mining Locations: Alaska, Oregon, There's, Australia, Anchorage, Fairbanks, North, Wasilla , Alaska, Colorado
Alaska is a dream to visit, but the winters are too cold and there aren't a lot of people. Toby Harriman/Getty ImagesAbbamonte said Alaska is one of the top three most beautiful places he's visited in the world, neck and neck with the Himalayas in Asia and Patagonia in South America. As someone who appreciates nature and wildlife, he loves visiting the national parks in Alaska, which has more than half of all the national parks in the US. But Alaska is the eighth-least populated state, with 733,406 residents, according to the census. "But to visit, especially in the summer, it's like a dream."
Persons: Toby Harriman, Abbamonte, he's, couldn't Organizations: Getty Locations: Alaska, Asia, Patagonia, South America, Juneau, Utqiagvik, California
Kreskin J. Torres, a Lyft driver, has traveled across all 50 states, documenting his dining experiences. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementKreskin J. Torres, 35, has eaten his way through all 50 states — including Alaska and Hawaii. Learning the most profitable places and times to driveTorres noticed he would get more profitable rides driving around suburbs, airports, and sports stadiums, locations coveted by drivers as they get more tips and sometimes elevated fares. He learned New Year's will always be profitable, though rides slow down around February before picking up in mid-March.
Persons: Kreskin J, Torres, , Kreskin, Foodie, he's, I've, what's, that's Torres, Uber, huckleberry swirls, Xing Xing, Year's, It's, He's Organizations: Service, Army, Baltimore, Wichita ., Uber, Android, Apple Locations: Alaska, Hawaii, Minneapolis, San Antonio, Austin, tacos, Arizona, Arkansas, Montana, Jackson , Mississippi, Holcomb , Missouri, Wichita
After traveling solo to all 50 US states, I've found some great places to relax and unwind. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOver the past decade, I've traveled to all 50 US states and spent time in tons of major cities and small towns. I've also driven solo across the country several times, stopping in some of the most unique and beautiful places the United States has to offer. This story is available exclusively to Business Insider subscribers.
Persons: I've, , I'm Organizations: Service, Business Locations: California , Oregon, Maine, Taos , New Mexico, Homer , Alaska, United States
The Biden administration expanded federal protections across millions of acres of Alaskan wilderness on Friday, blocking oil, gas and mining operations in some of the most unspoiled land in the country. It also announced it would ban drilling in more than half of the 23-million-acre National Petroleum Reserve-Alaska, an ecologically sensitive expanse north of the Arctic Circle. Together, the two moves amount to one of biggest efforts in history to shield Alaskan land from drilling and mining. They are expected to face challenges from industry as well as from elected leaders in Alaska, where oil and gas revenues make up much of the state’s budget and where mining is a main driver of the economy. “Alaska’s majestic and rugged lands and waters are among the most remarkable and healthy landscapes in the world, sustaining a vibrant subsistence economy for Alaska Native communities,” President Biden said in a statement.
Persons: Biden Organizations: Interior Department, and, Petroleum Reserve Locations: Alaska
Alaska received $162 million from Boeing for the Jan. 5 accident, which caused the Federal Aviation Administration to briefly ground the planes. The accident has added additional regulator scrutiny on Boeing and slowed its deliveries of new Max planes, of which Alaska is a major customer. "Alaska [Airlines] needs Boeing, our industry needs Boeing and our country needs Boeing to be a leader in airplane manufacturing," he said. Alaska forecast adjusted earnings per share of between $2.20 and $2.40, above the $2.12 analysts polled by LSEG expected. Adjusting for one-time items, Alaska posted a net loss of 62 cents a share in the second quarter, less than the $1.05 per-share loss analysts were expecting, according to LSEG.
Persons: Ben Minicucci, Minicucci, CNBC's, Dave Calhoun, LSEG Organizations: Alaska Airlines, Boeing, Federal Aviation Administration, Airlines, Airline Locations: Alaska, Seattle, Delta
Both Alaska and United Airlines reported quarterly losses this week. But the airlines' bosses said they would've turned profits if it weren't for Boeing's door plug fiasco. AdvertisementThe Boeing door blowout in January tanked Alaska Airlines' first quarter earnings — and it's not the only airline to have been hurt by the incident. Alaska said Thursday its results were "significantly impacted" by the door plug blowout and subsequent grounding of its fleet of 737-9 MAX planes. This story is available exclusively to Business Insider subscribers.
Persons: , it's Organizations: United Airlines, Boeing, Service, Alaska Airlines, Business Locations: Alaska
JetBlue Airways — Shares jumped 4.1% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Barnes Group — The global industrial tech and aerospace stock jumped 9.3% after DA Davidson upgraded the company to buy from neutral, saying shares are attractive. Blackstone — The asset manager slipped 2.3% after lowering its dividend to 83 cents per share from 94 cents per share. Horton exceeded expectations in its fiscal second quarter, posting earnings of $3.52 per share on revenue of $9.11 billion. Elevance Health — Shares jumped 3.2% after the health insurance company posted an earnings beat and raised its full-year guidance.
Persons: Estee Lauder, Tesla, Emmanuel Rosner, Rosner, Davidson, Blackstone, Horton —, Horton, LSEG, Morgan Stanley, Donald Trump's, , Samantha Subin, Brian Evans, Hakyung Kim, Lisa Kailai Han Organizations: JPMorgan, Taiwan Semiconductor Manufacturing, JetBlue Airways —, Iris Energy, Deutsche Bank, Google, Meta, Reuters, Group, Alaska Air Group, Revenue, BJ's Wholesale, eBay, — Rosenblatt Securities, Trump Media & Technology, Truth Social Locations: Taiwan, Alaska
Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwanese chipmaker fell 2.4% despite beating revenue and profit expectations in the first quarter. Blackstone — The asset manager slipped 2.2% after lowering its dividend to 83 cents per share from 94 cents per share. EBay — Shares of the e-commerce stock rose nearly 4% following a double upgrade at Morgan Stanley to overweight from underweight. Etsy — The e-commerce stock slumped nearly 5% following a downgrade by Morgan Stanley to underweight from equal weight. Match Group — Shares slipped nearly 2% after Morgan Stanley downgraded shares to equal weight from overweight.
Persons: D.R, Horton —, Horton, LSEG, Blackstone, Morgan Stanley, Etsy, Alex Harring, Sarah Min, Jesse Pound, Fred Imbert Organizations: Taiwan Semiconductor Manufacturing, Deutsche Bank, Alaska Air —, Revenue, Alcoa, EBay, Communications, Rosenblatt Securities Locations: Taiwan, LSEG
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Alaska Airlines CEO Ben MinicucciAlaska Airlines CEO Ben Minicucci joins 'The Exchange' to discuss their latest quarter, what's next for the airlines, and more.
Persons: Ben, Ben Minicucci, what's Organizations: Alaska Airlines
Skytrax released its annual ranking of the world's best airports, with Doha, Qatar at the top. AdvertisementSkytrax has released its annual ranking of the world's best airports — and if you're a frequent flyer it may come as little surprise that none in the US made the top 20. The US can't even claim to have North America's best airport, given that Vancouver is in 17th place. Seattle-Tacoma was rated the best airport in the US for the third year running. This story is available exclusively to Business Insider subscribers.
Persons: Skytrax, Organizations: London, Service, Tacoma, Alaska Airlines, Business Locations: Doha, Qatar, Seattle, Tacoma, London Heathrow, Vancouver
Alaska Airlines CEO Ben Minicucci on strong 2024 forecast
  + stars: | 2024-04-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlaska Airlines CEO Ben Minicucci on strong 2024 forecastAlaska Airlines CEO Ben Minicucci joins 'The Exchange' to discuss their latest quarter, what's next for the airlines, and more.
Persons: Ben Minicucci, what's Organizations: Alaska
Private equity finds its next bet: college admissions
  + stars: | 2024-04-17 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +10 min
Now, private equity firms are swooping in to help while taking majority stakes in exchange. Last week, the company announced that it would partner with California-based private equity firm Nexus Capital Management and move its test into a for-profit company. A company owned by private equity can obfuscate what the company actually does to the public and potentially to regulators. Private equity firms “come into industries that are already suffering from a lack of funding,” said Creeks. They’ve had a lack of funding and support and so sometimes private equity is the only viable option.
Persons: New York CNN — It’s, Janet Godwin, , ” Goodwin, , we’ve, Charlie Eaton, Goodwin, Critics, Constantine Yannelis, Rebecca Winthrop, They’ve, ” Powell, Jerome Powell, Powell, Bryan Mena, Chris Isidore, United, Max Organizations: CNN Business, Bell, New York CNN, ACT Inc, U.S ., ACT, Nexus Capital Management, , CNN, Nexus, Higher, University of California, ” Nonprofit, Nexus Capital, Savvas Learning Company, Private Equity, Project, University of Chicago Booth School of Business, Center for Universal Education, Brookings Institution, P Global Market Intelligence, College Board, Veritas Capital, , Bank of Canada, Wilson, Fed, United, United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration Locations: New York, Iowa, California, Merced, Canada
Washington DC CNN —Boeing’s already battered reputation took another hit at two Senate committee hearings Wednesday on Capitol Hill, with witnesses questioning how the company builds airplanes and the safety of those planes. Boeing did not have any witnesses at either hearing Wednesday, but at a briefing earlier this week it defended the standards used to build planes. Boeing recently said it has searched for records but believes its employees did not document the work. Bill Clark/CQ Roll Call/SipaHe said that since the hearing was announced, his committee has heard from other whistleblowers inside of Boeing. “What I don’t want this committee to do is to scare the you-know-what out of the American public,” he said.
Persons: Washington DC CNN — Boeing’s, Sam Salehpour, he’s, , Salehpour, , don’t, , Ed Pierson, Max, Democratic Sen, Richard Blumenthal, Bill Clark, ” Blumenthal, Republican Sen, Ron Johnson Organizations: Washington DC CNN, Capitol, Boeing, The Foundation for Aviation Safety, National Transportation Safety, Alaska Airlines, Alaska Air, Democratic, Richard Blumenthal of Connecticut, Senate Homeland Security, Governmental, Republican Locations: Richard Blumenthal of, Dirksen, nonunion South Carolina, Alaska, Wisconsin
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