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☆ German airline Lufthansa hikes ticket prices by up to $77 due to environmental costs
▼ + stars: | 2024-06-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

An Airbus A340-300 and an Airbus A 321-100 belonging to Lufthansa are parked on the airport apron. German airline firm Lufthansa Group said Tuesday that it would add an "environmental cost surcharge" to ticket prices as soon as this week, which could be as high as 72 euros ($77) for some flights. "The surcharge is intended to cover part of the steadily rising additional costs due to regulatory environmental requirements," Lufthansa said in a statement, pointing to regulations from the European Union and International Civil Aviation Organization. All flights sold or operated by Lufthansa Group, which owns airlines including Lufthansa, Eurowings, Swiss and Edelweiss Air and Austrian Airlines, will be subject to the charge. The fee will be applied to all tickets issued from June 26 — Wednesday this week — that are for flights departing from Jan. 1, 2025, Lufthansa said.

Organizations: Airbus, Lufthansa, Lufthansa Group, European Union and International Civil Aviation Organization, European Union, Eurowings, Edelweiss Air, Austrian Airlines Locations: Norway, Switzerland, Jan

☆ Airbus shares fall 11% as company cuts 2024 guidance on targets, deliveries
▼ + stars: | 2024-06-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: 1 min

A Lufthansa Airbus A340-313 aircraft taxis at Los Angeles International Airport before departing for Frankfurt on May 5, 2024 in Los Angeles, California. Shares in Airbus fell by close to 11% on Tuesday after the company said it was cutting its targets for 2024, including aircraft deliveries and earnings. Airbus on Monday said it was now expecting its adjusted earnings before interest and taxes to come in at around 5.5 billion euros ($5.9 billion), down from a previous estimate of 6.5 to 7 billion euros affirmed on April 25. The company said it was now anticipating to deliver approximately 770 commercial aircrafts this year, compared to a previous outlook near 800. Europe-listed shares in the company were down 10.75% at 9:50 a.m. London time.

Organizations: Lufthansa Airbus, Los Angeles International Airport, Frankfurt, Airbus Locations: Los Angeles , California, Europe, London

☆ Airbus cuts its 2024 guidance for financial targets and deliveries
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbus cuts its 2024 guidance for financial targets and deliveriesCNBC's Charlotte Reed discusses Airbus' decision to cut its targets for 2024.

Persons: Charlotte Reed Organizations: Airbus

☆ Stocks making the biggest moves midday: SolarEdge Technologies, Pool Corp., Carnival and more
▼ + stars: | 2024-06-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: SolarEdge Technologies — Shares of the company tumbled more than 20% following the announcement that it will offer $300 million worth of convertible notes due 2029. — The stock plunged more than 7% after the company updated its earnings guidance for the full year on Monday after the bell. The wholesale pool supplies distributor expects full-year earnings between $11.04 and $11.44 per share. Carnival — Shares added nearly 8% after the cruise company posted a second-quarter earnings and revenue beat. Penn Entertainment — The casino operator and online gambling platform's stock fell 5% after Raymond James downgraded it to market perform from outperform.

Persons: Leslie's, LSEG, Raymond James, Enovix, Rivian, —, Alex Harring, Lisa Kailai Han, Jesse Pound Organizations: U.S . Securities, Exchange, Pool Corp, Carnival, Penn Entertainment, Airbus, Nvidia —, Novo Nordisk, Guggenheim, Spirit AeroSystems, Boeing, Bloomberg Locations: Singapore, France, China

☆ Travelers could see higher fares, fewer available seats as Airbus cuts number of planes it expects to make this year
▼ + stars: | 2024-06-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Airbus cut its target for how many planes it expects to make this year and next, citing supply chain issues. The tighter-than-expected supply of jets is forcing airlines to adjust their expansion plans, even as they deal with record demand for air travel. That means that passengers could find fewer available seats and fares that are higher than they would be otherwise. But airlines that use Airbus planes have not been without problems, as a number of A320neo jets have been grounded due to problems with their engines. Airfares were down 13% to nearly 19% from those 2022 peaks during the summer travel months last year, as the number of available seats on planes rose by about 15% from a year earlier.

Organizations: New, New York CNN, Airbus, Boeing, Max Alaska Air, Monday Airbus, TSA, Consumer, Bureau of Transportation Statistics Locations: New York, Paris

☆ Stocks making the biggest move premarket: SolarEdge, Pool Corp, Disney and more
▼ + stars: | 2024-06-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Here are the stocks making headlines before Wall Street's opening bell on Tuesday. SolarEdge Technologies — The green energy stock fell more than 17% after announcing a new debt offering. SolarEdge said it will offer $300 million worth of convertible notes, due 2029. Pool Corp — Shares sank 12.4% after the wholesale pool supplies distributor revised full-year earnings guidance postmarket Monday. Enerpac Tool Group — The industrial supplies stock fell more than 9% after reporting sales declined year over year in the fiscal third quarter.

Persons: Wall, SolarEdge, Raymond James, Walt Disney — Goldman Sachs, —, Alex Harring, Michelle Fox Theobald, Sarah Min Organizations: SolarEdge Technologies, Leslie's Inc, JPMorgan, Penn Entertainment, Disney, Microsoft, Xbox, Airbus — Locations: Singapore, France

☆ How Delta made itself America's luxury airline — and what United wants to do about it
▼ + stars: | 2024-06-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +16 min

Rival United Airlines — second to Delta in net profit margins — is circling. Delta plans to open Delta One lounges in Boston and Los Angeles later this year, and is studying airports where it could open others. Like other airlines, Delta accepted billions in federal aid to weather the pandemic. Luxury air travel and the United States didn't go together for many years — and might not still, if you ask well-heeled globetrotters. And at Delta and other airlines, many of the perks for luxury flyers come through lounges.

Persons: Benoit Tessier, Ed Bastian's, Bastian, Ed Bastian, John F, Raymond James, Savanthi Syth, Andrew Nocella, Patrick Quayle, Quayle, Richard Anderson, Anderson, Delta, Barack Obama's, They're, Shai Weiss, Claude Roussel, Joe Biden, United States didn't, Henry Harteveldt, Scott Kirby Organizations: Airbus, Delta Air Lines, Reuters Delta Air Lines, Transportation Department, Rival United Airlines —, CNBC, Delta Air Lines Inc, Bloomberg, Getty, American Express, Kennedy International Airport, United, Boeing, U.S, Labor, Southwest Airlines, U.S ., JetBlue Airways, Delta, Corporate, Northwest Airlines, Endeavor, Virgin, American, Sky Club, New, LaGuardia, Etihad Airways, Singapore Airlines, Atmosphere Research, Airlines, Sky Clubs, Los Angeles International Airport, JFK, American Airlines, JPMorgan, Consumer Electronics, Starbucks Locations: punctuality, New York, Delta, Chicago, Boston, Los Angeles, Dubrovnik, Croatia, Amman, Jordan, Cape Town , South Africa, Atlanta, U.S, Queens, N.Y, United, Tokyo, York, United States, Las Vegas

☆ World’s best airline for 2024 named by Skytrax
▼ + stars: | 2024-06-24 | by ( Barry Neild | ) edition.cnn.com time to read: +7 min

We look forward to more wins in the future.”Close-run contestSaudia was named by Skytrax as winner of the World's Most Improved Airline award. Singapore also won for Best First Class service and Best Airline in Asia. ANA, meanwhile, picked up the accolade for World’s Best Airport Services, as well as Best Airline Staff Service in Asia. Saudia was named World’s Most Improved Airline, beating Taiwan’s Starlux and Iceland’s Play into second and third places. Delta Air Lines was declared the Best Airline in North America, also picking up the award for Best Airline Staff Service for the region.

Persons: weren’t, ”, Edward Plaisted, Badr Mohammed Al, Meer, Saudia, Skytrax, Nicolas Economou, Tan, Tan Pee Teck, Taiwan’s Starlux, Singapore’s Scoot, Tony Fernandes, “, ISMOYO, Vistara, airBaltic Organizations: CNN, Qatar Airways, Hamad International, Dubai, Boeing, Airbus, Singapore Airlines, Dubai’s Emirates, ANA All Nippon Airways, Hong, Cathay Pacific, Japan Airlines, Turkish Airlines, Air France, Swiss International Airlines, Singapore, Best, ANA, World’s Best, Services, Best Airline Staff Service, AirAsia, Airline, Airasia, Rai International, Getty, Bangkok Airways, Fiji Airways, Ethiopian Airlines, Hainan Airlines, China . Delta Air Lines, Airlines, Emirates, Cathay, Air, Swiss International Air Lines, Korean, British Airways, Iberia, Virgin, Lufthansa, Etihad Airways, Saudi, Saudi Arabian Airlines, Garuda, Cathay Pacific Airways, Thai Airways, Malaysia Airlines, Transavia, Vueling Airlines, Ryanair, SKY, JetSMART, Aegean Airlines, Azerbaijan Airlines, Rex Airlines, Azul, Royal Air Maroc, Porter Airlines, . Alaska Airlines, Hong Kong Airlines, Asiana Airlines, China Airlines, Korean Air Locations: Qatar, London’s, Abu Dhabi, Qatar’s, Tan Pee, Asia, Denpasar, Bali, AFP, India, Australia, Pacific, Eastern, China ., North America, Singapore, Air France, Saudi Arabian, Garuda Indonesia, Transavia France

☆ A United Airlines Airbus jet had to turn around after a piece of its engine lining fell off during takeoff
▼ + stars: | 2024-06-21 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

A United Airlines Airbus A320 flight bound for Denver had to turn back after takeoff. A piece of its engine's sound-dampening outer liner fell off, causing an "abnormal noise." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA United Airlines flight from Connecticut to Colorado had to turn back shortly after takeoff after a piece of its engine cover fell off. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: United Airlines Airbus, Service, United Airlines, Airbus, Bradley International Airport, Federal Aviation Administration, Crew, FAA, Business Locations: Denver, Connecticut, Colorado, Hartford

☆ An airline startup that hopes to fly Airbus A380s between New York and London is delaying its launch to 2025
▼ + stars: | 2024-06-20 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUK-based startup Global Airlines, which planned to begin flying Airbus A380s between New York and London as early as summer 2024, is already delaying its launch to 2025. "[Operations] and maintenance timelines, like for any airline, have led us to reappraise when we'll be operational," the spokesperson said. Global Airlines' first Airbus A380 at Glasgow Prestwick Airport. The carrier recently announced a chauffeur service that it hopes will set it apart from the competition.

Persons: —, FlightGlobal, James Asquith, Bob Logan, Asquith Organizations: Service, Global Airlines, Business, Global, China Southern Airways, Glasgow Prestwick Airport, Air, Thai Airways, Airbus, Qatar Airways, Emirates, . Global Airlines, Prestwick Aviation Locations: New York, London, Scotland, Air France, Prestwick

A Massacre Threatens Darfur — AgainDarfur SUDAN El FasherA civil war is ripping apart Sudan, one of Africa’s largest countries. Yet a New York Times examination of satellite imagery and video from El Fasher make one thing clear:The assault is intensifying. DARFUR R.S.F. Whole neighborhoods were razed, similar to the destruction in parts of southern and eastern El Fasher in recent months. “The videos from El Fasher could become critical evidence in future trials for crimes in Darfur.”

Persons: Sudan’s, Al Salam, Abu Shoak, El Fasher Al Salam, Abu, Mohamed Zakaria, Thomas van Linge, —, Mellit, El Fasher, ”, El, El Geneina, Janjaweed, Linda Thomas, Greenfield, Ali Yagoub Gibril, Al Zeer Salem, Fasher, Matthew Gillett, “, ” Mr, Gillett Organizations: Fighters, Rapid Support Forces, . Security, New York, El, Sudanese, Al Salam Camp, Camp, Reuters Fighters, Yale, Research, —, Times, Centre, Information Resilience, Mellit El, Support Forces, Google, ”, Islamic Relief, United Nations, The Times, U.S . Treasury, Broadcasting, University of Essex Locations: Darfur, SUDAN El Fasher, Sudan, El, DARFUR, El Fasher, East Darfur, Sudan’s, Chad, El Geneina, American, Spain, Central Darfur

☆ Boeing’s CEO is going to coast into retirement, having never been held to account for the mess he made
▼ + stars: | 2024-06-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —For all the mistakes and safety problems Boeing has managed under CEO Dave Calhoun’s watch — resulting in a dozen corporate whistleblowers, multiple groundings and a chunk of a plane’s fuselage literally blowing off in midair — virtually no one has held him to account. But when pressed on taking personal responsibility, Calhoun deflected, over and over. “I am proud of every action we have taken,” Calhoun said when pressed by Hawley on how he could possibly be proud of Boeing’s safety culture. “I don’t think the problem’s with the employees, actually, I think the problem’s with you. It’s the C-suite, it’s the management, it’s what you’ve done to this company,” Hawley said.

Persons: CNN Business ’, Dave Calhoun’s, lavishing, Calhoun, Republican Sen, Josh Hawley, Boeing’s machinists, hasn’t, “, ” Calhoun, Hawley, ” Hawley, they’re, Democratic Sen, Richard Blumenthal didn’t, you’ve, ” Blumenthal, “ I’m, ” Richard Aboulafia, Chris Isidore, ” Aboulafia, ” Organizations: CNN Business, New York CNN, Boeing, Airbus, Republican, Democratic, ”, Federal Aviation Administration, Department, Consultancy Locations: New York

☆ Boeing CEO heads to Senate hearing over safety and manufacturing crises
▼ + stars: | 2024-06-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

Dave Calhoun, CEO of Boeing, leaves a meeting with Sen. Dan Sullivan, R-Alaska, in Hart Building, on Wednesday, January 24, 2024. Calhoun was meeting with senators about recent safety issues including the grounding of the 737 MAX 9 planes. Boeing CEO Dave Calhoun will testify before a Senate panel on Tuesday about the company's safety and manufacturing crises after a door panel blew out of a nearly new 737 Max 9 jet in January. Last month Boeing pointed to a host of other changes to encourage workers to speak up about problems in its factories after several whistleblowers raised concerns about quality issues and retaliation. Spirit AeroSystems , a major supplier for both Boeing and Airbus, said last week that titanium entered the supply chain with falsified documents.

Persons: Dave Calhoun, Sen, Dan Sullivan, Calhoun, We've, Max, Richard Blumenthal, Conn, Mike Whitaker, Whitaker, AeroSystems Organizations: Boeing, Investigations, Justice Department, Alaska Airlines, Federal Aviation Administration, FAA, Southwest Airlines, United Airlines, Airbus Locations: Alaska, Hart, U.S

☆ A crew member hit the ceiling and a passenger was scalded by spilled coffee as turbulence caused 'pandemonium' on a flight in New Zealand
▼ + stars: | 2024-06-18 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Two people were injured on an Air New Zealand flight due to severe turbulence. A passenger was scalded by hot coffee and a crew member hit the cabin ceiling. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwo people were injured on board an Air New Zealand flight when it encountered severe turbulence, according to local media reports. Suze, a passenger on board, told Radio New Zealand she was burned after a full coffee pot was spilled over her during the turbulence.

Persons: — Organizations: Air, Singapore Airlines, Service, Zealand, Airbus, Radio New Zealand, Business Locations: Zealand, Wellington, Queenstown

☆ I saw the Airbus A320 plane that crashed in the Hudson River 15 years ago. I was moved by the rawness of the exhibit and survivors.
▼ + stars: | 2024-06-16 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

The Airbus A320 airliner that ditched in the Hudson River in 2009 is now an aviation artifact. None of the 155 passengers and crew died during the "Miracle on the Hudson" crash. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn January 15, 2009, a fully loaded US Airways Airbus A320 plane ditched into the Hudson River after a bird strike caused both engines to fail. The accident has since been described as the "Miracle on the Hudson" because none of the 155 passengers and crew onboard died.

Persons: —, Captain Chesley, Sully, Sullenberger, Jeffrey Skiles Organizations: Airbus, Sullenberger Aviation Museum, Service, US, Business Locations: Hudson

☆ F.A.A. Investigating How Counterfeit Titanium Got Into Boeing and Airbus Jets
▼ + stars: | 2024-06-14 | by ( Mark Walker | ) www.nytimes.com time to read: +1 min

Some recently manufactured Boeing and Airbus jets have components made from titanium that was sold using fake documentation verifying the material’s authenticity, according to a supplier for the plane makers, raising concerns about the structural integrity of those airliners. The falsified documents are being investigated by Spirit AeroSystems, which supplies fuselages for Boeing and wings for Airbus, as well as the Federal Aviation Administration. The investigation comes after a parts supplier found small holes in the material from corrosion. regarding procurement of material through a distributor who may have falsified or provided incorrect records,” the statement said. “Boeing issued a bulletin outlining ways suppliers should remain alert to the potential of falsified records.”

Persons: Spirit AeroSystems, “, ” Organizations: Boeing, Airbus, Federal Aviation Administration, “ Boeing

☆ Counterfeit titanium was found in Boeing and Airbus jets. The FAA is investigating how it got there
▼ + stars: | 2024-06-14 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Titanium that was distributed with fake documentation has been found in commercial Boeing and Airbus jets. Now the Federal Aviation Administration, the aircraft manufacturers and supplier Spirit AeroSystems are investigating whether those components pose a safety hazard to the public. The FAA and Boeing confirmed that they are investigating the matter. Boeing said the questionable parts come from a limited set of suppliers, and tests performed to date have indicated that the correct titanium alloy was used. Airbus has also had problems with some of the engines that have grounded some of its planes owned by different airlines.

Persons: ”, Joe Buccino, “ Organizations: New, New York CNN, Boeing, Airbus, Federal Aviation Administration, New York Times, Times, FAA, Spirit, Max, “ Boeing, Alaska Airlines Locations: New York

☆ Stocks making the biggest moves midday: Adobe, RH, Hasbro and more
▼ + stars: | 2024-06-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. Hasbro — The toymaker's shares jumped 4.8% on the back of an upgrade from Bank of America to buy from neutral. Dell Technologies — The PC maker fell more than 1% after CEO Michael Dell disclosed the sale of 5.7 million shares.

Persons: RH, LSEG, Zscaler, Keith Gill, Stellantis, Michael Dell, —, Alex Harring, Michelle Fox, Pia Singh Organizations: Adobe, JPMorgan, Wall, Hasbro, Bank of America, Zero Trust Network Security, Boeing — Boeing, Federal Aviation Administration, Airbus, New York Times, GameStop, Dell Technologies Locations: Bank, U.S

☆ Trump's Boeing 757 isn't the perfect private jet, but it's perfect for him
▼ + stars: | 2024-06-13 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +7 min

The point of a private jet is to save its occupant time and increase their productivity. AdvertisementThe old (top) and new (bottom) paint jobs on Trump's Boeing 757 private jet. AdvertisementTrump onboard his Boeing 757 private jet. But what stands out the most about the Boeing 757 is that it's the muscle car of the airline world. Trump's Boeing 757 before receiving a new livery in 2022.

Persons: —, Donald Trump's, it's, Thomas Pallini, Donald, there's, Trump, Gene J, Paul Allen, N757AF, Taylor Swift, John Minchillo, James Devaney, Drake, Andrew Milligan, Royce RB211, Whitney Organizations: Service, Boeing, Business, Bombardier, Gulfstream, Bombardier Global, Trump, New York Times, Trump Force, AP Trump, Microsoft, Sterling Airlines, TAESA, DHL, FedEx, Qatari, Saudi Royal Families, Images, Pratt, Airbus, Shanghai Airlines, Delta Air Lines Locations: Danish, Delta, Paris, New York, Boeing's Renton , WA

☆ Why Donald Trump loves his Boeing 757 private jet even though almost everyone else ditched the plane
▼ + stars: | 2024-06-13 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +7 min

AdvertisementThere's a common saying in the business-aviation industry: The private jet isn't a luxury; it's a time machine. The point of a private jet is to save its occupant time and increase their productivity. AdvertisementThe old (top) and new (bottom) paint jobs on Trump's Boeing 757 private jet. AdvertisementTrump aboard his Boeing 757 private jet. But what stands out the most about the Boeing 757 is that it's the muscle car of the airline world.

Persons: —, there's, Donald Trump's, it's, Thomas Pallini, Donald, Trump, Gene J, Paul Allen, N757AF, Taylor Swift, John Minchillo, James Devaney, Drake, Andrew Milligan, Royce RB211, Whitney Organizations: Service, Boeing, Business, Bombardier, Gulfstream, Bombardier Global, Trump, New York Times, Trump Force, AP Trump, Microsoft, Sterling Airlines, TAESA, DHL, FedEx, Qatari, Images, Pratt, Airbus, Shanghai Airlines, Delta Air Lines Locations: Danish, Delta, Saudi, Paris, New York, Renton , Washington

☆ Boeing sales tumble as the company gets no orders for the 737 Max for the second straight month
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: +1 min

Boeing 737 MAX airplanes are pictured outside a Boeing factory on March 25, 2024 in Renton, Washington. The results released Tuesday compared unfavorably with Europe's Airbus, which reported orders for 27 new planes in May. Boeing also saw Aerolineas Argentinas cancel an order for a single Max jet, bringing its net sales for the month to three. The dismal results followed poor figures for April, when Boeing reported seven sales — none of them for the Max. Despite the slow pace of recent sales, Boeing still has a huge backlog of more than 5,600 orders.

Persons: —, Aerolineas, Max Organizations: Boeing, Airbus, Federal Aviation Administration, Alaska Airlines Max, Ryanair, Alaska Airlines Locations: Renton , Washington, Arlington , Virginia

☆ An Austrian Airlines plane had its windscreen shattered and nose cone torn off after flying through a thunderstorm
▼ + stars: | 2024-06-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

An Austrian Airlines plane flew through a thunderstorm on Sunday. The plane was pelted by hail, shattering its windscreen and tearing off its nose. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Austrian Airlines plane traveling from Spain to Austria was left severely damaged after flying through a thunderstorm on Sunday. "Airbus A320 aircraft was damaged by hail on yesterday's flight OS434 from Palma de Mallorca to Vienna," the airline said in a statement to CNN on Monday.

Persons: — Organizations: Austrian Airlines, Service, Airbus, Palma de Mallorca, CNN Locations: Vienna, Spain, Austria, Palma

☆ Austrian Airlines plane badly damaged by hailstorm during flight
▼ + stars: | 2024-06-10 | by ( Stephanie Halasz | ) edition.cnn.com time to read: +1 min

CNN —An Austrian Airlines plane was badly damaged by hail when the airborne jet hit a “thunderstorm cell” Sunday, Austrian Airlines said. A storm cell is an air mass that contains up and down drafts, which can cause turbulence when a plane encounters one. A mayday emergency call was made during the flight, says Austrian. exithamster/X“Airbus A320 aircraft was damaged by hail on yesterday’s flight OS434 from Palma de Mallorca to Vienna. It follows an incident last month upon Singapore Airlines flight SQ321 when a passenger died and more than 70 were injured after the plane hit severe turbulence.

Persons: “ Organizations: CNN, Austrian Airlines, Palma de Mallorca, Social, Airbus, Singapore Airlines, Qatar Airways Locations: Austrian, Palma, Spain, Vienna, Austria, Doha, Dublin

☆ A Big Decision for Boeing’s Next C.E.O.: Is It Time for a New Plane?
▼ + stars: | 2024-06-10 | by ( Niraj Chokshi | ) www.nytimes.com time to read: +1 min

More than a decade ago, executives at Boeing made a pivotal decision: To keep up with the company’s main rival, Airbus, they gave up on the idea of developing a new airplane and raced to update the 737, the company’s most popular jet. The jet’s troubles have left Boeing behind Airbus in the global market for single-aisle planes, which it once dominated. Now, Boeing, which is expected to appoint a new chief executive by the end of the year, has to make another critical choice: When should it develop its next brand-new plane? If the company missteps, it could spend billions of dollars and still lose market share to Airbus, which is based in Toulouse, France. Both manufacturers also face a distant but rising threat from China and growing pressure to cut planet-warming emissions.

Organizations: Boeing, Airbus Locations: Toulouse, France, China

☆ Spirit Airlines isn't considering Chapter 11, 'encouraged' by post-JetBlue plan, CEO says
▼ + stars: | 2024-06-07 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Spirit Airlines CEO Ted Christie said Friday that the budget airline isn't considering a Chapter 11 bankruptcy filing and is "encouraged" by its plan after a failed takeover by JetBlue Airways . Earlier this year, a federal judge blocked JetBlue's planned takeover of Spirit on antitrust grounds, raising concerns on Wall Street about the money-losing airline's ability to address its debt. "We are proudly executing to our plan as we've exited the merger agreement with JetBlue and are encouraged by the initial results of our stand-alone plan," Christie said at an annual shareholder meeting on Friday. S&P Global Ratings on Wednesday downgraded Spirit, raising questions about its ability to refinance.

Persons: Ted Christie, Spirit, we've, Christie Organizations: Spirit Airlines, Austin, Bergstrom International Airport, JetBlue Airways, Pratt & Whitney, Airbus, JetBlue, Hertz Locations: Austin , Texas, Thursday's

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