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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlaska Airlines CEO on Hawaiian merger: It's pro-consumer and pro-competitionBen Minicucci, Alaska Airlines CEO, joins 'Squawk on the Street' to discuss how quickly Alaska's merger with Hawaiian will filter into the company's bottom line, the people that doubted the merger would happen, and what's happening with Boeing.
Persons: Ben Minicucci Organizations: Alaska Airlines, Alaska Airlines CEO, Boeing
Alaska Airlines completes acquisition of Hawaiian
  + stars: | 2024-09-18 | by ( ) edition.cnn.com   time to read: +2 min
Alaska Airlines said on Wednesday it had completed its $1.9 billion acquisition of Hawaiian Airlines after reaching an agreement with the U.S. Department of Transportation. The airlines on Tuesday agreed to maintain key Hawaiian routes and adopt consumer protections under an agreement that will last six years. The Justice Department in August chose not to block the deal that was announced in December by Alaska, the fifth-largest domestic U.S. airline, to merge with Hawaiian, the 10th-largest carrier. Alaska CEO Ben Minicucci said in an interview that the deal would be good for competition and consumers and would expand access for consumers to both networks and give Alaska access to Hawaiian’s fleet of wide-body airplanes. Hawaiian Airlines’ stock will be de-listed and will cease trading on the Nasdaq on Wednesday, Alaska said in a statement.
Persons: Ben Minicucci, It’s, ” Minicucci, , Joe Biden Organizations: Alaska Airlines, Hawaiian Airlines, U.S . Department of Transportation, Justice Department, U.S, Department, JetBlue Airways, Spirit Airlines, American, JetBlue, Alliance, The Transportation Department, Nasdaq, New York Stock Exchange Locations: Alaska, U.S, New York City, Boston, United States, Honolulu
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlaska Airlines 'well positioned' despite Q2 revenue miss, says CEO Ben MinicucciBen Minicucci, Alaska Airlines CEO, joins CNBC's 'The Exchange' to discuss Alaska's Q2 earnings, how the company is expanding high-end offerings, and more.
Persons: Ben Minicucci Ben Minicucci Organizations: Alaska Airlines, Alaska Airlines CEO
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
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
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
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
New York CNN —Boeing CEO Dave Calhoun said Monday he intends to leave the beleaguered company by the end of the year in a major shakeup of the company’s leadership. The company also announced that Stan Deal, CEO of Boeing Commercial Airplanes, is retiring. The problems have led to multiple groundings for safety issues and more than $31 billion in cumulative losses. But it comes in the face of widespread criticism of the company by CEOs of many of the world’s major airlines Boeing depends upon to buy its planes. Any Boeing customer shifting to Airbus could find itself waiting until 2030 or beyond to get its planes delivered.
Persons: Dave Calhoun, Larry Kellner, Steve Mollenkopf, Stan Deal, Stephanie Pope, Max, Calhoun, , Let’s, “ I’ve, Boeing won’t, Michael O’Leary, O’Leary, Scott Kirby, Ben Minicucci, Dennis Muilenburg, Muilenburg, Calhoun’s Organizations: New, New York CNN, Boeing, Qualcomm, Alaska Airlines, Max, CNBC, Alaska Air, ” Airlines, Ryanair, Europe’s, CNN, , ” United Airlines, United, Airbus, Virgin America Locations: New York, Alaska, ” United
Because for the 171 passengers, four flight attendants and two pilots on board Alaska Airlines flight 1282 who experienced all of that on January 5, it could have been so much worse. Passenger oxygen masks hang from the roof next to a missing door plug of an Alaska Airlines flight on January 5. Here’s the ways in which Alaska Air — and Boeing — got lucky to have the plane finally develop problems when and how it did on January 5. Both would not have been the case had the door plug come out at the cruising altitude above 30,000 feet. Damage to the planeThe real nightmare scenario for experts is what happened to the door plug once it blew away.
Persons: , ” Jennifer Homendy, Max, , Anthony Brickhouse, Boeing —, Jennifer Riordan, Brickhouse, “ There’s, Mike Dostert, Joe Jacobsen, Ben Minicucci, Homendy, ” Minicucci, Dave Calhoun, Calhoun Organizations: New, New York CNN, Alaska Airlines, National Transportation Safety, CNN, Boeing, Embry Riddle University, Alaska Air —, Transportation Safety, Max, Foundation for Aviation Safety, FAA, , Records, Aircraft, Japan Air Lines, NTSB Locations: New York, Instagram, Alaska, Hawaii, Anchorage, Honolulu, Portland
New York CNN —Steve Maller, a flight attendant for nearly 20 years, was one of the flight attendants on the Alaska Airlines flight 1282 when a door plug blew out. But he did say he’s also proud of how the flight attendants on board responded. “We have flight attendants who live in cars because they can’t afford to live where they’re based,” she said. A flight attendant wears a pin reading,' Flight Attendants Save Live!' He said many are already walking out — and the steady flow of flight attendants leaving Alaska every month worries him.
Persons: Steve Maller, Maller, Ben Minicucci, , ” Maller, , he’s, He’s, haven’t, don’t, Joe Raedle, Julie Hedrick, we’re, We’re, Ondrea Wallace, she’s, Wallace, we’ve, Joe Biden, Nam, Sara Nelson, Biden Organizations: New, New York CNN, Alaska Airlines, of Flight, National Transportation Safety, General Motors, Ford, Railway Labor, United Airlines, Miami International Airport, , Association of Professional, Association of Flight, CWA, Transport Workers Union, American Airlines, Railway Labor Act, O'Hare International, AFA, United, Alaska Air Locations: New York, Alaska, Portland , Oregon, Portland, Alaksa, United, Southwest, Chicago,
Airline CEOs have criticized Boeing in the wake of the Alaska Airlines blowout. AdvertisementThe Alaska Airlines blowout in January has subjected Boeing to a torrent of criticism from airline executives. AdvertisementFrom Boeing's biggest customer to regulators' strong words, the incident has sparked a wave of public criticism, a rarity in the aviation sector. AdvertisementAs the FAA increased its oversight of Boeing's production line, Administrator Mike Whitaker said: "The quality-assurance issues we have seen are unacceptable." Pete Buttigieg, the transportation secretary, backed the FAA's actions, saying it "is holding Boeing accountable for its production quality problems."
Persons: , Stan Deal, Scott Kirby, United Airlines Scott Kirby, Brian Snyder United, didn't, Max, Kirby, Ben Minicucci, Minicucci, Michael O'Leary, Ryanair Michael O'Leary, Yves Herman Ireland, O'Leary, Dave Calhoun, Tim Clark, they've, Clark, Mike Whitaker, Pete Buttigieg, Win McNamee, Donald Trump, Whitaker Organizations: Boeing, Alaska Airlines, FAA, Service, Street Journal, Airplanes, United Airlines, REUTERS, CNBC, NBC, Ryanair, Financial Times, Airbus, Emirates, Transportation, Max, Federal Aviation Administration Locations: Alaska
CNN —Boeing’s 737 Max 9 model returned to service Friday afternoon when Alaska Airlines flight 1146 departed Seattle at approximately 3:51pm local time (6:51pm ET) bound for San Diego. It is the first revenue flight for this model since the Federal Aviation Administration grounded the Boeing jets three weeks ago following a door plug blowout on Alaska Airlines flight 1282. Alaska Airlines COO Constance von Muehlen took the flight and sat in the seat next to the door plug, telling CNN she has full confidence in the aircraft. The first flight is one of three flights Alaska Airlines has scheduled on Max 9 jets for Friday. Alaska Airlines CEO Ben Minicucci said Thursday he is not concerned with passengers avoiding the Max 9.
Persons: CNN —, Max, Constance von Muehlen, Sarah Edgbert, it’s, ” Edgbert, , ” Kent, Doug Bowman didn’t, , Ben Minicucci Organizations: CNN, Alaska Airlines, Federal Aviation Administration, Boeing, 9pm, United Airlines —, FAA, Max, . United Airlines Locations: Seattle, San Diego, Alaska
Read previewThe Boeing 737 Max 9 will return to the skies on Friday, three weeks after the Alaska Airlines blowout, the carrier announced Wednesday. According to Reuters, United Airlines — the biggest operator of the Max 9 with 79 of them — said it will start flying the jet again from Sunday. "It makes me angry," Alaska Airlines CEO Ben Minicucci told NBC. Not all the Max 9 jets will immediately return to service because some haven't been through the full inspection process yet. Alaska Airlines expects all its inspections to be completed over the next week.
Persons: , Max, Ben Minicucci, Scott Kirby, Mike Whitaker Organizations: Service, Boeing, Alaska Airlines, Business, Reuters, United Airlines —, Federal Aviation Administration, Portland International, National Transportation Safety, NBC, CNBC, FAA Locations: Alaska
Boeing and Spirit AeroSystems are under multiple investigations that probe their safety policies and procedures. Boeing said it couldn’t comment on the reports about what may have led to the door plug blowing off the plane, citing the ongoing investigation. The process also includes tightening fasteners and performing “detailed inspections of…dozens of associated components.”FAA on Sunday also required airlines to ensure older Boeing 737 planes with similar door plugs were secure. The FAA said airlines operating the Boeing 737-900ER model should visually inspect the planes but didn’t require them to be grounded. Two Max variants — the Max 7 and the Max 10 — are still awaiting approval to begin carrying passengers.
Persons: Max, AeroSystems, Washington Democratic Sen, Maria Cantwell, , David Calhoun, Jennifer Homendy, Ben Minicucci, Lester Holt, Mike Whitaker, Whitaker, , , Wells Organizations: New, New York CNN, Boeing, Alaska Airlines, New York Times, Seattle Times, Federal Aviation Administration, National Transportation Safety, Washington Democratic, Senate, US National Transportation, ” Boeing, Max, NBC, FAA, ., Sunday Locations: New York, . Airlines, Alaska, United, Indonesia, Ethiopia
New York CNN —The grounding of the 737 Max 9 after a January 5 incident that blew a hole in the side of an Alaska Airlines plane earlier this month will cost the airline about $150 million, Alaska announced Thursday. The door plug blew off an Alaska Airlines flight on January 5, leaving a gaping hole in the side of the plane. While no passengers were killed, the incident led the Federal Aviation Administration to order a grounding of all 737 Max 9 jets. Alaska Airlines CEO Ben Minicucci told NBC in an interview Tuesday that the carrier found “some loose bolts on many” Boeing 737 Max 9 during its inspections. Alaska and United are the only US airlines with the 737 Max 9 jet in their fleets.
Persons: Max, Ben Minicucci, , , Robert Isom, It’s Organizations: New, New York CNN, Alaska Airlines, Federal Aviation Administration, FAA, Alaska Air, NBC, Boeing, Max, Refinitiv, Southwest Airlines, American, CNBC Locations: New York, Alaska, United
Alaska Airlines plans to resume flights with its Max 9s on Friday, and United aims to follow suit on Sunday. United Airlines made similar similar findings. Travelers returned to the Boeing 737 Max 8 after two of them crashed in 2018 and 2019, killing 346 people. In that case, Boeing had to redesign an automated flight-control system before the FAA would let Max 8s and Max 9s resume flying after a 20-month grounding. In addition, the FAA says it won't let Boeing expand production of Max jets until it's satisfied that quality-control concerns about the company have been resolved.
Persons: Max, Mike Whitaker, Ben Minicucci, , Scott Keyes, Scott Kirby Organizations: Boeing, Max, Alaska Airlines, Federal Aviation Administration, FAA, NBC, United Airlines, Travelers, U.S . Department of Transportation, Airline, BOEING, Alaska, Airbus, U.S ., United Locations: United States, United, Oregon, U.S, Portland , Oregon, Alaska
Alaska Airlines CEO on their partnership with Boeing
  + stars: | 2024-01-25 | 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 on their partnership with BoeingBen Minicucci, Alaska Airlines CEO, joins 'The Exchange' to discuss bringing grounded Max-9 planes back to service, the airlines' partnership with Boeing, and more.
Persons: Boeing Ben, Max Organizations: Alaska Airlines, Boeing, Alaska Airlines CEO Locations: Boeing Ben Minicucci
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 MinicucciBen Minicucci, Alaska Airlines CEO, joins 'The Exchange' to discuss bringing grounded Max-9 planes back to service, the airlines' partnership with Boeing, and more.
Persons: Ben Minicucci Ben Minicucci, Max Organizations: Alaska Airlines, Alaska Airlines CEO, Boeing
Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024. Alaska Airlines said Thursday that the weekslong grounding of the Boeing 737 Max 9 will cost the carrier $150 million. Both Alaska and United Airlines , the two U.S. carriers that have the Max 9s in their fleets, said they found loose bolts on several Max 9 planes during preliminary inspections shortly after the accident. Alaska on Thursday forecast full-year adjusted earnings per share of between $3 and $5, including the hit from the Max grounding. Alaska and United CEOs have expressed frustration and anger with Boeing this week after the accident.
Persons: Max, Ben Minicucci Organizations: Alaska Airlines, Portland International Airport, Boeing, Federal Aviation Administration, United Airlines, LSEG, Company, United, NBC Locations: Portland , Oregon, Alaska, United, U.S
Alaska Airlines CEO Ben Minicucci told NBC he was "mad" and "angry" about the Flight 1282 blowout. AdvertisementAlaska Airlines' CEO expressed his frustration with Boeing during an interview with NBC News — the second airline boss to do so on Tuesday. "It makes me angry," Ben Minicucci told NBC. Minicucci told NBC: "We had a guardian angel, honestly," because the 178-capacity plane had seven unoccupied seats — which happened to include those next to the gaping hole. "It makes you mad that we're finding issues like that on brand-new airplanes," Minicucci told NBC.
Persons: Ben Minicucci, United's Scott Kirby, , Minicucci, Scott Kirby, Kirby, Stan Deal Organizations: Alaska, NBC, Boeing, Service, Alaska Airlines, Federal Aviation Administration, United Airlines, Max, CNBC, Boeing Commercial, FAA Locations: Alaska, United
On Thursday, factory workers will pause production for sessions on improving quality control. The FAA's boss said its investigation focuses on Boeing's quality control, not the door plug design. Nobody was seriously injured, but all 171 Boeing 737 Max 9 jets with a door plug have been grounded since. AdvertisementNEW: FAA Administrator Mike Whitaker tells me its probe of the Alaska Airlines blowout is focused on Boeing quality control issues. The 737 Max 9 door plug design is good "when properly executed," but "where we are looking now is quality assurance and quality control at Boeing."
Persons: , Stan Deal, CNN's Pete Muntean, Mike Whitaker, Max, Pete Muntean, Ben Minicucci, United's Scott Kirby Organizations: Boeing, Alaska Airlines, Service, Boeing Commercial Airplanes, Navy, Max, National Transportation Safety Board, Federal Aviation Administration, United Airlines, NBC Locations: Renton , Washington
"Until we're comfortable that the [quality assurance] system is working properly ... we're going to have boots on the ground," he said. United, which has 79 Boeing 737 Max 9 planes in its fleet, more than any other carrier, said Monday it's assuming the planes will remain grounded through the end of January. He said United is taking the larger variant, the 737 Max 10, out of its fleet plans, because of lengthy delivery delays. Those accidents involved the 737 Max 8, a smaller variant of the same aircraft family. This photo released by the National Transportation Safety Board shows the door plug from Alaska Airlines Flight 1282 on Monday, Jan. 8, 2024, in Portland, Ore. National Transportation Safety Board via AP
Persons: Michael Whitaker, Drew Angerer, , Mike Whitaker, Max, We've, Whitaker, It's, John Lovell, they've, Scott Kirby, Ben Minicucci, Stan Deal Organizations: Federal Aviation Administration, FAA, Commerce, Science, Capitol, Getty, Getty Images WASHINGTON, CNBC, Boeing, Alaska Airlines, United Airlines, National Transportation Safety Board, National Transportation, AP, Max, Airlines, NBC, Deal, Transportation Locations: Washington ,, Alaska, Portland , Oregon, Renton , Washington, Portland , Ore
New York CNN —Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” scheduled to air Tuesday. The US Federal Aviation Administration urged airlines on Sunday to inspect so-called door plugs on an earlier version of Boeing 737 airplanes. After recent inspections of the newer Max 9s, United Airlines and Alaska Airlines have found loose bolts. NBC asked Minicucci if Boeing has a problem with quality control extending beyond a single plane. We will follow the lead of the FAA and support our customers every step of the way.”The CEO of United Airlines, one of the biggest buyers of Boeing jets, also expressed frustration with the company.
Persons: Ben Minicucci, Lester Holt ”, ” Minicucci, Max, that’s what’s, , Minicucci, Stan Deal, “ I’m, Scott Kirby, they’ve, ” CNN’s Chris Isidore, Gregory Wallace, Hanna Ziady Organizations: New, New York CNN, Alaska Airlines, Boeing, Max, NBC, US Federal Aviation Administration, United Airlines, FAA, Airplanes, United, CNBC Locations: New York, Portland , Oregon, Ontario , California, Alaska
Read previewA safety inspection of Alaska Airline's Boeing 737 Max 9 planes revealed "many" loose bolts were found on the commercial airline's fleet. "I'm more than frustrated and angry that this happened to Alaska Airlines," Alaska Airlines CEO Ben Minicucci told Business Insider in a statement. The Alaska CEO's statements come after inspections of the Boeing 737 Max 9 planes following the January 6 incident. United Airlines also previously announced that it had found loose bolts that appear to "relate to installation issues in the door plug." Earlier this month, the agency told reporters that the door plug fitted into the Alaska Airlines plane involved in the incident was found "fractured."
Persons: , Ben Minicucci, Scott Kirby, Max 10s Organizations: Service, Alaska Airline's Boeing, Max, Business, Alaska Airlines, Boeing, NBC News, United Airlines, National Transportation Safety Board, FAA, Forbes, CNBC Locations: Alaska, Portland, Ontario , California
An Alaska Airlines plane takes off from Los Angeles International Airport (LAX) on December 4, 2023 in Los Angeles, California. Alaska Airlines will temporarily ground its fleet of 65 Boeing 737 Max 9 planes after a section of the plane blew out midflight on Friday, forcing the crew to make an emergency landing. "Each aircraft will be returned to service only after completion of full maintenance and safety inspections," CEO Ben Minicucci said. Images and video of the new Boeing 737 Max 9 shared on social media showed a gaping hole on the side of the plane and passengers using oxygen masks. "While this type of occurrence is rare, our flight crew was trained and prepared to safely manage the situation," Alaska said.
Persons: Ben Minicucci, Pete Buttigieg Organizations: Alaska Airlines, Los Angeles International Airport, Los Angeles , California . Alaska Airlines, Boeing, Max, The National Transportation Safety, Federal Aviation Administration, Transportation, FAA Locations: Alaska, Los Angeles , California, Ontario , California, Portland , Oregon, Portland
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