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☆ Boeing is looking for a $19 billion boost
▼ + stars: | 2024-10-28 | by ( Aditi Bharade | Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing is looking to raise nearly $19 billion to combat its lack of cash. It comes after Boeing reported a net loss of $6.1 billion in the third quarter. AdvertisementBoeing needs cash, and it's trying to raise almost $19 billion as the company looks to boost its liquidity. The planemaker announced Monday that it is offering 90 million common shares and about $5 billion of depositary shares for sale. Last Wednesday, Boeing reported a net loss of $6.1 billion in its third-quarter earnings.

Persons: —, Goldman Sachs, Max, Dave Calhoun, Ron Epstein Organizations: Boeing, Alaska Airlines, Service, planemaker, Bank of America, Citibank, JPMorgan Chase, Alaska Airlines Boeing

☆ Alaska Airlines flight attendants reject new contract, union says there's 'more work to do'
▼ + stars: | 2024-08-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024. Alaska Airlines flight attendants rejected a new labor deal that would have come with immediate raises averaging more than 24%, their union said Wednesday, setting both sides up for more talks as a merger with Hawaiian Airlines looms. The airline said in a statement: "We remain committed to reaching an agreement that reflects the critical role of our flight attendants and is good for Alaska's long-term success." American Airlines reached a deal with its flight attendants union last month, and members are voting on whether to ratify it. United Airlines is still negotiating a new contract with its flight attendants' union.

Organizations: Alaska Airlines Boeing, Tacoma International Airport, Alaska Airlines, Hawaiian Airlines, Association of Flight, Pilots, American Airlines, United Airlines Locations: Seattle, Seattle , Washington, US, United

☆ Here are the top stocks to own right now, according to UBS
▼ + stars: | 2024-08-02 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

A handful of stocks may be due for some gains, even as the market sells off. The firm added three new names to the list from the industrials and materials sectors, including Freeport-McMoRan and Norfolk Southern . UBS said Air Products is at "the forefront of the energy transition," citing the progress it is making on large "blue" and "green" hydrogen projects. Meta is trading at a multiple of 23 times earnings on a forward price-to-earnings basis, per FactSet, and UBS sees shares as attractively valued. "The company should benefit from healthy user engagement, improving monetization of Reels, and longer-term monetization of Instagram and WhatsApp offer longer-term opportunities."

Persons: Russell, Nathaniel Gabriel, Gabriel, Robert " Kelly, Ortberg, Meta Organizations: Dow Jones, UBS, Norfolk, Air Products, Chemicals, Air, Boeing, Alaska Airlines Boeing, Max, DOJ Locations: Freeport, McMoRan

☆ Record numbers of people are flying. So why are airlines’ profits plunging?
▼ + stars: | 2024-07-03 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

Airlines face numerous problems, including higher costs, such as fuel, wages and interest rates. And problems at Boeing mean airlines have too few planes to expand routes to support a record numbers of flyers. Labor costs and jet fuel prices, the airlines’ two largest costs, are both sharply higher this year. Jet fuel prices are climbing because of higher demand in the summer. Southwest announced in April that it would stop serving four airports to trim costs — Bellingham International Airport in Washington state, Cozumel International Airport in Mexico, Syracuse Hancock International Airport in New York and Houston’s George Bush Intercontinental Airport.

Persons: that’s, Houston’s George Organizations: New, New York CNN, Boeing, Labor, Airline, Jet, International Air Transport, Airbus, Alaska Airlines Boeing, Max, Federal Aviation Administration, Southwest, Bellingham International Airport, Cozumel International, Syracuse Hancock International, Houston’s George Bush Intercontinental Locations: New York, Southwest, United, Washington state, Cozumel, Mexico, Syracuse

☆ Alaska Airlines, flight attendants reach 'record' tentative labor deal
▼ + stars: | 2024-06-21 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An Alaska Airlines Boeing 737-9 MAX sits at gate at O'Hare International Airport in Chicago, Illinois on May 22, 2024. Alaska Airlines ' flight attendants union said Friday that it reached a "record" tentative labor deal with the carrier, ending a drought of new contracts for cabin crews that have clamored for pay raises for years. It will be reviewed by union leadership and then voted on by rank and file members, the Association of Flight Attendants said. A day earlier, American Airlines ' flight attendants union said talks had broken down for a new contract, and that its members should prepare for a possible strike. United Airlines is also negotiating a new contract with its flight attendants union.

Persons: weren't, we've Organizations: Alaska Airlines Boeing, International, Alaska Airlines, Association of Flight, American Airlines, Airlines, U.S Locations: Chicago , Illinois

☆ Boeing has lost $32 billion since 2019, with no end in sight. How long can it keep losing money?
▼ + stars: | 2024-05-03 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Few companies have lost more than the $32 billion that Boeing has lost in the last five years. There’s a lot of work in front of us, but I’m proud of our team and remain fully confident in our future.”It’s not that Boeing’s problems aren’t serious. And the massive losses have resulted in the company’s debt level soaring, from $13 billion at the end of 2018 to $48 billion now. Even if customers could get their hands on Airbus jets right away, there are huge costs for Boeing customers to operate both their existing Boeing jets and a fleet of comparable Airbus planes at the same time. So after Alaska Air purchased Virgin America in 2016, it got rid of the Airbus jets Virgin was flying and became an all-Boeing airline.

Persons: “, ”, Richard Aboulafia, Ron Epstein, Dave Calhoun, ” It’s, Max, Uber, Brian West, “ We’re, Ben Minicucci, Calhoun, Epstein Organizations: New, New York CNN, Boeing, Bank of America, Alaska, Alaska Airlines Boeing, Max, Carnival Corp, Airbus, Airline, Alaska Air, Virgin America, Virgin, year’s, GM Locations: New York, it’s

☆ 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

☆ Pilot union alleges ‘significant spike’ in safety issues on American Airlines flights
▼ + stars: | 2024-04-16 | by ( Pete Muntean | ) edition.cnn.com time to read: +1 min

CNN —The union representing pilots at American Airlines says it is seeing a “significant spike” in safety issues on flights. There were roughly a dozen incidents on United Airlines flights last month alone, according to a CNN analysis, which prompted CEO Scott Kirby to send a safety message to customers. “While United Airlines is currently under public and government scrutiny, it could just as easily be American Airlines,” said the message from the union’s safety committee, urging members to report problems and to resist being rushed or intimidated. “As the last link in the safety chain, our passengers and crew depend on us to be the strongest link in that chain,” the message said. American Airlines insisted in a statement that safety is its top priority, saying that “our robust safety program is guided by our industry-leading safety management system.”“It includes a multitude of collaborative programs — and regular touchpoints — with the FAA and all our unions, including APA, to further bolster our strong safety record and enhance our ever-evolving safety culture,” the company added.

Persons: Scott Kirby, ” Organizations: CNN, American Airlines, Allied Pilots Association, Alaska Airlines Boeing, United Airlines, FAA, APA

☆ All of Boeing's over 100,000 employees could be surveyed by investigators about its safety culture
▼ + stars: | 2024-04-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The NTSB is investigating how a door plug came off an Alaska Airlines Boeing 737 Max 9. Its chair said it could survey every Boeing employee about its safety culture. AdvertisementThe head of the National Transportation Safety Board said it is considering surveying every Boeing employee about its safety culture. Related storiesAll of the firm's 20,000 staff were surveyed about its safety culture, Homendy said. "With respect to documentation, if the door plug removal was undocumented there would be no documentation to share," the planemaker said in a statement.

Persons: —, Jennifer Homendy, Dave Calhoun, Homendy, Maria Cantwell, They're Organizations: NTSB, Alaska Airlines Boeing, Boeing, Norfolk Southern, Service, National Transportation Safety Board, Commerce, Science, Transportation Locations: Ohio

☆ United Airlines asks pilots to take voluntary unpaid leave because of Boeing delivery delay
▼ + stars: | 2024-04-01 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —United Airlines is asking its pilots to take voluntary unpaid leave in May because of delays in Boeing deliveries, according to a memo sent by the union representing pilots. Because of the delivery delay, “our forecasted block hours for 2024 have been reduced and we are offering our pilots voluntary programs for the month of May to reduce excess staffing,” United Airlines said in a statement Monday. The Federal Aviation Administration is taking a closer look at United after a series of almost a dozen incidents at the airline, United said in a March memo. On March 15, a United Boeing 737-800 landed in Medford, Oregon, missing an external panel, though no passengers were injured. Boeing has been in the spotlight since the Alaska Airlines Boeing 737 Max 9 incident.

Persons: United, Scott Kirby, ” Kirby, Chris Isidore, Pete Muntean, Gregory Wallace Organizations: New, New York CNN — United Airlines, Boeing, ” United Airlines, Federal Aviation Administration, United, Airbus, Alaska Air, Max, American Airlines, Delta Air Lines, United Boeing, Alaska Airlines Boeing Locations: New York, Covid, Alaska, Medford , Oregon, United

☆ Boeing's outgoing CEO says the company needs to 'slow down' after Alaska Airlines incident
▼ + stars: | 2024-03-25 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Boeing CEO Dave Calhoun told CNBC the company needs to slow down and put safety before speed. Calhoun announced Monday he will be stepping down from the planemaker by the end of the year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing has been mired in a quality control crisis, and even the company's outgoing CEO says that it has a culture of rushing production. Boeing CEO Dave Calhoun announced in a letter to staff on Monday that he would be stepping down from the company by the end of the year.

Persons: Dave Calhoun, Calhoun, — Organizations: CNBC, FAA, Service, Boeing, Alaska Airlines Boeing, Max, Business

☆ FAA says future United projects ‘may be delayed’ due to increased oversight
▼ + stars: | 2024-03-23 | by ( Samantha Delouya | Nicole Goodkind | ) edition.cnn.com time to read: +2 min

“Due to recent safety events, the FAA is increasing oversight of United Airlines to ensure that it is complying with safety regulations; identifying hazards and mitigating risk; and effectively managing safety,” an FAA spokesperson said in a statement. The civil aviation authority’s stepped up oversight comes after a United Boeing 737-800 landed in Medford, Oregon, missing an external panel on March 15. In just the last month, another United Boeing plane spewed flames from an engine after taking off, one slid off the runway, one lost a wheel during takeoff and another trailed hydraulic fluid. The FAA did not specify what future projects may be delayed by its evaluation, but on Saturday, Bloomberg reported the agency is considering preventing United Airlines from adding new routes, curbing the airline’s growth. Last week, a LATAM Airlines Boeing plane flying from Sydney, Australia, to Auckland, New Zealand, suddenly plunged in midair, injuring some passengers as they were thrown to the cabin’s ceiling.

Persons: authority’s, ” United, ”, CNN’s Gregory Wallace, Chris Isidore, Pete Muntean Organizations: CNN, Federal Aviation Administration, United Airlines, FAA, United Boeing, Boeing, Bloomberg, United, ”, Alaska Airlines Boeing, Max, LATAM Airlines Boeing Locations: Medford , Oregon, United, Sydney, Australia, Auckland , New Zealand

☆ FAA to take a closer look at United after a series of incidents
▼ + stars: | 2024-03-22 | by ( Gregory Wallace | Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —The Federal Aviation Administration will take a closer look at safety at United Airlines after a string of nearly a dozen incidents this month, the airline said in a memo Friday. While no passengers were injured, the incident was just one in a line of recent mishaps on United flights – all involving Boeing jets. In just the last month, another United Boeing plane spewed flames from an engine after taking off, one slid off the runway, one lost a wheel during takeoff, and yet another trailed hydraulic fluid. In a statement, the FAA said its “safety assurance system routinely monitors all aspects of an airline’s operation. Still, United Airlines CEO Scott Kirby has said he would look into the possibility of buying more jets from Airbus, Boeing’s European competitor.

Persons: ” United, Scott Kirby, Pete Muntean, Chris Isidore Organizations: CNN, Federal Aviation Administration, United Airlines, FAA, ”, United Boeing, Boeing, Alaska Airlines Boeing, Max, LATAM Airlines, National Transportation, Safety, Alaska Air, Airbus, Boeing’s Locations: Medford , Oregon, United, Sydney, Australia, Auckland , New Zealand

☆ 8 Incidents in 2 Weeks: What’s Going on With United’s Planes?
▼ + stars: | 2024-03-18 | by ( Christine Chung | ) www.nytimes.com time to read: +1 min

An engine fire sparked by plastic packaging wrap, a tire lost shortly after takeoff and a plane veering off the runway: These are among the eight incidents that have occurred over the past two weeks on flights operated by United Airlines. While no injuries — or worse — have been reported, the mishaps have generated headlines and stoked rising anxiety about aviation safety among federal officials and passengers alike. All of the incidents happened in the United States, and five involved airplanes made by Boeing, a manufacturer already under intense scrutiny. In January, a door plug blew out of an Alaska Airlines Boeing 737 Max 9 jetliner in mid-flight, forcing the plane to make an emergency landing. United, one of the world’s largest airlines, flies aircraft manufactured mainly by Boeing and Airbus.

Persons: jetliner, Scott Kirby, ” Organizations: United Airlines, Boeing, Alaska Airlines Boeing, Max, Airbus Locations: United States

☆ United CEO tries to reassure customers following multiple safety incidents
▼ + stars: | 2024-03-18 | by ( Pete Muntean | Chris Isidore | ) edition.cnn.com time to read: +3 min

On Friday in a United Boeing 737-800 landed in Medford, Oregon, with a panel from the underside of the fuselage missing. Earlier this month, United suffered a series of four incidents, all involving Boeing jets . A United Boeing 737-900ER spewed flames from an engine after takeoff from Fort Meyers, Florida, a United Boeing 777 lost a wheel during takeoff from San Francisco, a United Boeing 737 Max slid off a runway in Houston, and a United Boeing 777 trailed hydraulic fluid leaving Sydney. The age of the aircraft in the United incidents suggest that the cause could lie with United personnel, rather than Boeing’s well documented quality issues. And its fleet of 737 Max 9 jets were grounded for three weeks in January following the incident at Alaska Air.

Persons: Scott Kirby, Max, “, ” Kirby, Kirby Organizations: Washington DC CNN — United Airlines, Boeing, ”, United Boeing, United, Alaska Airlines Boeing, Max, Latam Airlines, National Transportation Safety Board, Alaska Air, FAA, Airbus Locations: Medford , Oregon, Fort Meyers , Florida, San Francisco, Houston, Sydney, Australia, Auckland , New Zealand, Alaska

☆ The Boeing 787 that suddenly dropped mid-flight and injured at least 50 people is a stark reminder: Always wear your seatbelt.
▼ + stars: | 2024-03-12 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

A Latam Airlines Boeing 787 experienced a sudden midair drop on Monday, injuring at least 50 people. Dozens of turbulence-related injuries have been seen on other carriers like Lufthansa and Delta. AdvertisementA passenger on the Boeing 787 that suddenly dropped midair over the Pacific on Monday described a scary scene. In an interview with CNN on Tuesday, Latam Airlines Flight 800 passenger Brian Jokat said the plane "dropped something to the effect of 500 feet instantly," jolting him awake. The "fasten seatbelt" sign was on at the time, airline Chief Operating Officer Jon Snook said, HawaiiNewsNow reported.

Persons: —, Brian Jokat, I'm, Rolanda Schmidt, Melissa Matteso, Jon Snook, HawaiiNewsNow, Bill Duncan, Taylor Organizations: Latam Airlines Boeing, Lufthansa, Delta, Service, Boeing, Pacific, CNN, Latam, RNZ, New Zealand Herald, US National Transportation Safety Board, Airlines, Lufthansa Airbus, Washington Post, Lufthansa Flight, Hawaiian Airlines Airbus, Sydney Morning Herald, Delta Air Lines, Norwegian Air Shuttle, Alaska Airlines Boeing, NTSB, The Weather Company, Business, Allegiant Locations: Sydney, Auckland , New Zealand, Austin, Washington, Frankfurt, Honolulu

☆ FAA audit of Boeing's 737 Max production reportedly found 'dozens of issues'
▼ + stars: | 2024-03-12 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

An Alaska airlines Boeing 737 is taking off from Los Angeles International AirPort (LAX) in Los Angeles, California, on March 6, 2024. U.S. air safety regulators found "dozens of problems" at facilities owned by Boeing and one of its key suppliers after a six-week audit of the production of the 737 Max jet, according to The New York Times. The Federal Aviation Administration started the probe after a door panel blew off a 737 Max 9 flight on Alaska Airlines in early January, an incident that has attracted intense scrutiny of Boeing's quality-control practices. FAA auditors found that out of 89 product audits that were conducted, Boeing passed 56 tests and failed 33 of them, according to the report. During the six-week audit, the FAA also conducted 13 product audits that focused on Spirit AeroSystems, which makes fuselages for the Boeing 737 Max — of those, only six audits resulting in passing grades, and seven failed, the NYT said.

Persons: Max — Organizations: Boeing, Los Angeles International AirPort, The New York Times, Federal Aviation Administration, Max, Alaska Airlines, Times, FAA Locations: Alaska, Los Angeles , California

☆ DOJ opens investigation into Alaska Airlines incident of door panel blowing out midair, WSJ says
▼ + stars: | 2024-03-09 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

An Alaska airlines Boeing 737 is taking off from Los Angeles International AirPort (LAX) in Los Angeles, California, on March 6, 2024. The Justice Department has started a criminal investigation into the Alaska Airlines incident where a door panel blew out mid-air two months ago, The Wall Street Journal reported Saturday. "In an event like this, it's normal for the DOJ to be conducting an investigation," an Alaska Airlines spokesperson said. Three passengers are suing Boeing and Alaska Airlines for $1 billion in damages, accusing Boeing and Alaska Airlines of negligence for allegedly having ignored warning signs. Alaska Airlines earlier estimated that the weekslong grounding of the Boeing 737 Max 9 will cost the carrier $150 million.

Persons: Max, DOJ didn't, —, — CNBC's Rebecca Picciotto Organizations: Boeing, Los Angeles International AirPort, The, Department, Alaska Airlines, Street, DOJ, CNBC, Max, United Airlines Locations: Alaska, Los Angeles , California, Ontario , California, Portland , Oregon, United, U.S

☆ FAA had 'no presence' in Boeing's factory, despite its headquarters being 20 minutes away, former employee says
▼ + stars: | 2024-02-27 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Read previewA Boeing whistleblower who quit over concerns about the company's 737 Max production told Politico that the FAA had "no presence" at the factory he worked in. Two months after Pierson's resignation, a Lion Air Boeing 737 Max crashed into the sea in October 2018, killing all 198 people on board. The company faced backlash again in January of this year after a door plug on an Alaska Airlines Boeing 737 Max 9 blew off mid-flight . Pierson told the publication. AdvertisementPierson told Politico that he still feels unsafe on Boeing Max planes — so much so that he refuses to fly on them.

Persons: —, Max, Ed Pierson, Calhoun, Pierson, Dave Calhoun, JASON REDMOND, That's Organizations: Service, Boeing, Politico, FAA, Lion Air Boeing, Business, Ethiopian Airlines, New York Times, NBC News, Alaska Airlines Boeing, Max, CNBC, Alaska Airlines, Boeing Renton Factory, Getty, Foundation for Aviation Safety, Boeing Max, FFA Locations: Renton , Washington, AFP, Northwest, Seattle, New York, Alaska, Wichita , Kansas

☆ My daughter is young enough to fly for free. Here's why I buy a seat for her anyway.
▼ + stars: | 2024-02-24 | by ( Elianna Perez | ) www.businessinsider.com time to read: +3 min

My daughter and I were in the window seat, my husband was in the middle, and a stranger was in the aisle. He ended up trading seats with our 8-year-old nephew, who was also on the flight and took a window seat a few rows in front of us. The stranger in the aisle seat gave us a few looks but was kind enough not to say anything. That's why I started buying my daughter her own seat every time we travel. I buy my toddler a seat nowAs for our trip to Panama, I purchased my daughter a seat for our return flight as soon as we landed.

Persons: we've Organizations: FAA, Alaska Airlines Boeing, Forbes, American Medical Association Locations: Miami, Panama City, Panama

Most U.S. adults believe that air travel is generally safe in the U.S., despite some doubts about whether aircraft are being properly maintained and remain free from structural problems. About 7 in 10 U.S. adults say planes are a “very” or “somewhat” safe method of travel, according to a new poll from The Associated Press-NORC Center for Public Affairs Research. Slightly fewer than half — 45% — have “a great deal” of confidence in pilots' training, while 38% say that about air traffic controllers. About one-quarter of U.S. adults have a high level of confidence that air travel is safe from terrorist attacks, or that government agencies have enacted necessary safety regulations. Randi Niedfeldt, a retired physician assistant in Wisconsin, has a great deal of confidence in the planes, despite the recent incidents.

Persons: ”, Margaret Burke of, Burke, “, can’t, Sherry Kohn, ” Kohn, Randi Niedfeldt Organizations: Associated Press, NORC, for Public Affairs Research, Alaska Airlines Boeing, Max, Federal Aviation, Alaska Airlines, U.S . Department of Transportation, Airline, Boeing Locations: U.S, Oregon, Alaska, Margaret Burke of Pensacola , Florida, California, Pennsylvania, vacuums, Wisconsin

☆ We’re about to get investigators’ first report on the Alaska Airlines flight whose door plug blew off
▼ + stars: | 2024-02-06 | by ( Pete Muntean | ) edition.cnn.com time to read: +2 min

CNN —The National Transportation Safety Board will release its preliminary report Tuesday on last month’s blowout of a part of an Alaska Airlines Boeing 737 Max 9 flight, NTSB spokesman Eric Weiss told CNN. On a January 5 Alaska flight 1282, the door plug blew off the side of the plane. The door plug fills a space in the fuselage that can otherwise contain an emergency exit door when plane seats are arranged a certain way. CNN has reported that NTSB investigators have been closely scrutinizing the door plug and whether crucial bolts that hold it in place were properly installed when the incident occurred. Meanwhile, the head of the Federal Aviation Administration will tell House lawmakers Tuesday that his agency is “closely scrutinizing” Boeing after last month’s door plug blowout.

Persons: Eric Weiss, Mike Whitaker, Whitaker, “, ” Whitaker, ” Organizations: CNN, Transportation, Alaska Airlines Boeing, Max, Federal Aviation Administration, Boeing, NTSB, FAA Locations: Alaska, United States, Renton , Washington

☆ Missing bolts were the culprit behind the Alaska Airlines blowout, preliminary investigation finds
▼ + stars: | 2024-02-06 | by ( Lauren Steussy | Taylor Rains | ) www.businessinsider.com time to read: +1 min

The National Transportation Safety Board's published a preliminary report on Alaska Airlines' blowout Tuesday. The report said several bolts were missing from a door plug that separated mid-flight. Bolts on the door weren't installed to begin with, the report said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSeveral bolts were missing from a door plug that blew out mid-flight from an Alaska Airlines Boeing 737 Max 9 plane in January, a preliminary report from the National Transportation Safety Board said Tuesday.

Persons: Transportation Safety Board's, Bolts, —, weren't Organizations: Transportation Safety, Alaska Airlines, Service, Alaska Airlines Boeing, Max, National Transportation Safety, Boeing, NTSB

☆ These market signals suggest recession fears aren’t gone yet
▼ + stars: | 2024-02-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

The Dow Jones Transportation Average, which tracks 20 US transportation stocks from railroads to airlines to delivery, has fallen 1.6% so far this year, underperforming the broader Dow industrials’ 2.2% gain. As that optimism dims, some investors worry that the decline in transportation stocks suggests rough times ahead for the economy. The transportation index tends to fall when the economy deteriorates, as demand for travel and goods wanes. Turmoil in the airline industry also likely contributed to the recent slide in transportation stocks. But net profit fell 14% to €4.9 billion ($5.3 billion) as its tax bill rose.

Persons: CH, , ”, Mark Luschini, Janney Montgomery Scott, Russell, Howard Silverblatt, Dow, effusively, ”, Luschini, Jason Heller, “ I’m, Hanna Ziady, Sewing, Read, Tod Steward, He’s, It’s, Parija Kavilanz, Steward, Steward hasn’t, “, haven’t, that’s Organizations: CNN Business, Bell, New York CNN, Dow Jones Transportation, Dow, CH Robinson Worldwide, United Parcel Service, Avis Budget Group, Alaska Air Group, Federal Reserve, Alaska Airlines Boeing, Max, Apple, Microsoft, Meta, Dow Jones, Tesla, Coastal Wealth, Deutsche Bank, Super Bowl, CNN Locations: New York, Seattle

☆ We now have more details on what happened with the Alaska Airlines door plug — and how Boeing plans to address quality issues
▼ + stars: | 2024-01-31 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Bloomberg has reported new details about what may have caused the Alaska Airlines door plug blowout. AdvertisementNew details have emerged regarding how the door plug on an Alaska Airlines Boeing 737 Max 9 blew off the jet mid-flight earlier this month. The investigation is focused on four bolts that hold the door plug in place. Boeing CEO says door plug installation will have inspections "at every turn"According to Boeing, 129 have been ungrounded as of midday on Wednesday. The agency has halted Boeing's 737 Max production expansion while it addresses quality control lapses.

Persons: Dave Calhoun, —, Max, AeroSystems, Ingrid Barrentine, Justin Sullivan, Calhoun, We've, I've, Max fuselages Organizations: Bloomberg, Alaska Airlines, Boeing, Service, Alaska Airlines Boeing, Max, National Transportation Safety, Seattle Times, New York Times, US National Transportation, Business, NTSB, Federal Aviation Administration, BI, United Airlines, FAA Locations: Alaska, Renton , Washington, Renton, Wichita

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