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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA wheel under the nose of a Boeing 757 operated by Delta Air Lines popped out of place and rolled down a hill as the passenger jet prepared for takeoff, per the Federal Aviation Administration. The Delta flight on Saturday was carrying 184 passengers, four cabin crew, and two pilots, as it prepared to depart from an airport in Atlanta, Georgia, per a preliminary FAA report filed on Monday. The aircraft was lining up and waiting for takeoff when its "nose wheel came off and rolled down the hill," it stated. AdvertisementBoeing and Delta did not immediately respond to requests for comment sent by BI outside regular business hours.
Persons: , Delta, Max Organizations: Service, Boeing, Delta Air Lines, Federal Aviation Administration, Business, FAA, Washington Post, Hartsfield, Jackson International Airport, Alaskan Airlines, Max, Delta, BI Locations: Atlanta , Georgia, Bogotá, Colombia
"Delta 982, this is the aircraft looking at you," the pilot of Delta Flight 1783, who was taxiing directly behind Flight 982, said in the audio obtained by CNN. "Hey, thanks for that," the pilot of Flight 982 responded to the fellow pilot before alerting air traffic control, according to CNN. The Delta Spokesperson said that all 172 passengers were taken off the plane and transferred to another aircraft. The plane's wheel was replaced and put back into service the next day, the Delta spokesperson added. AdvertisementBoeing stopped delivering 757 models in 2004, a Boeing spokesperson told BI.
Persons: Organizations: Service, Business, Delta Air Lines, Boeing, CNN, Delta, Aviation Administration, FAA, Alaska Airlines, Max, Virgin Locations: Atlanta, Alaska
There’s plenty for investors to celebrate right now, but a look under the hood reveals quite a bit of decay. But it’s largely Big Tech that’s driving markets higher, and that concentration of gains in so few stocks carries inherent risk. But investors are adjusting expectations: Investors eventually get used to strong data, and come to expect it. “It’s hard for data to keep surprising in the same direction, since investors simply adjust their expectations,” said Allen. Just one month ago, more than 75% of investors thought the central bank would cut rates at their March meeting.
Persons: Bell, Debbie Downer, Wall, Dow, Germany’s DAX, Henry Allen, , Allen, Christopher Waller, That’s, Bill Gates, Larry Fink, Chris Isidore, “ I’m, Scott Kirby, they’ve, ” Kirby, Boeing Max, Max, Kirby, “ We’re, Samantha Delouya, Amy Reinhard, Netflix’s, , we’ve Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Investment, Deutsche Bank, Big Tech, Federal Reserve, University of, National Association of Business Economics, University of Michigan, Fed, ” Financial, BlackRock, Boeing United Airlines, Boeing, United, CNBC, Alaska Airlines, Federal Aviation Administration, United Airlines, Refinitiv, Max, FAA, Netflix Locations: New York, Europe
Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport in Portland, Oregon, on Jan. 9, 2024. The Federal Aviation Administration on Wednesday halted Boeing 's planned expansion of its 737 Max aircraft production, but it cleared a path for the manufacturer's Max 9 to return to service nearly three weeks after a door plug blew out during an Alaska Airlines flight. "Let me be clear: This won't be back to business as usual for Boeing," said FAA Administrator Mike Whitaker in a statement Wednesday. The grounding forced United Airlines and Alaska Airlines, the two U.S. airlines with the planes, to cancel hundreds of flights. The FAA is investigating Boeing's production lines after the Alaska flight.
Persons: Max, Mike Whitaker, Boeing didn't, Whitaker Organizations: Alaska Airlines, Portland International, Federal Aviation Administration, Wednesday, Boeing, Max, FAA, Airlines, United Airlines, United, CNBC, CNBC PRO Locations: Portland, Portland , Oregon, Alaska, Boeing's
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
United has had dozens of Boeing 737 Max 9s grounded since loose bolts were discovered this month. The grounding came after a door plug blew off an Alaska Airlines aircraft mid-flight. Following the incident, the Federal Aviation Administration grounded 171 Boeing 737 Max 9 aircraft for inspections. Inspections at United revealed loose bolts in its Boeing 737 Max 9 aircraft. United on Monday said the company expects a first-quarter adjusted loss of 35 to 85 cents a share due to the Boeing 737 Max 9 grounding.
Persons: Scott Kirby, , Kirby, Max Organizations: Boeing, Max, Alaska Airlines, Bloomberg, Service, United, Federal Aviation Administration, Monday, Business, Boeing's, FAA, Delta Airlines Locations: Alaska
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
United Airlines is weighing fleet plans without the Boeing 737 Max 10 after a series of delays and most recently, the grounding of a smaller variant of the plane, the carrier's CEO said Tuesday. The Max 10 is the largest model of the plane and hasn't yet been certified by the Federal Aviation Administration. United has 79 of the 737 Max 9 aircraft in its fleet, more than any other carrier. "We're going to at least build a plan that doesn't have the Max 10 in it." Last week, Delta Air Lines CEO Ed Bastian told CNBC last week that he is confident moving forward with his airline's order of Boeing Max 10s.
Persons: Scott Kirby, Kirby, CNBC's, Max, Ed Bastian, Boeing Max, Boeing didn't Organizations: Airlines, Boeing, Max, Federal Aviation Administration, United, Alaska Airlines, FAA, Delta Air, CNBC
This story is available exclusively to Business Insider subscribers. The Boeing 737 Max 10 is the largest version of the narrowbody jet, but has been hampered by delays as it still awaits certification. AdvertisementKirby told CNBC he believes the best case for 737 Max 10 deliveries is still five years behind schedule. A Boeing 737 Max 10 at the 2023 Paris Air Show. "I have a lot of confidence in the people: great mechanics, great engineers, great history.
Persons: , Scott Kirby, Kirby, Max, Pete Syme, McDonnell Douglas, we're, Stan Deal Organizations: Service, United Airlines, CNBC, Boeing, Business, Airbus, Airplanes, FAA Locations: European
The flight was canceled "to provide time for precautionary additional engineering maintenance checks," a Virgin Atlantic representative told Business Insider in a statement. AdvertisementThe missing bolts were not a safety concern, experts sayA Virgin Atlantic Airbus A330 flies over London in December 2022. "We'd like to apologize to our customers for the delay to their journeys," Virgin Atlantic told BI in a statement, and confirmed the plane is now back in service following an inspection. While not a safety issue, the recent Virgin Atlantic flight cancellation is not the first problem the airline has faced this year. On January 7, a Virgin Atlantic Airbus A330 traveling from Manchester to Barbados made an emergency landing after the smell of smoke filled the cockpit, The Independent reported.
Persons: , Phil Hardy, John F, Hardy, Robert Smith, Neil Firth, Mathieu Lewis, Rolland, Getty Organizations: Service, Kennedy, Virgin Atlantic, New York Post, Business, Airbus, Kennedy News Agency, The Independent, Virgin Atlantic Airbus, Getty, Boeing, Alaska Airlines, Alaska Airlines Boeing, Max, National Transportation Safety Board, An Alaska Airlines, Portland International Airport, US Federal Aviation Administration, FAA, Independent Locations: Manchester, England, New York City, NYC, London, Portland , Oregon, Ontario , California, Barbados
(CNN) — An earlier generation of the Boeing 737 may have issues similar to the door plug that flew out of the side of a recently made plane earlier this month. Since the incident on a newer Boeing 737 Max 9 just over two weeks ago, some airlines have inspected the earlier-built planes and observed “findings with bolts,” the agency said. After recent inspections of the newer Max 9s, United Airlines and Alaska Airlines have both found loose bolts. The FAA noted that the two generations of aircraft “have an identical door plug design.”The FAA notice does not ground the earlier generation of plane. Instead, it recommends that airlines inspect the four bolts that are intended to hold the door in place “as soon as possible.”The newer Max 9 aircraft continue to be grounded in the United States.
Persons: , Max, Organizations: CNN, Boeing, US Federal Aviation Administration, Max, FAA, United Airlines, Alaska Airlines Locations: United States
It uses the same door-plug design as the 737 Max 9 involved in the Alaska Airlines blowout. The Boeing 737-900ER uses the same door-plug design as the Max 9, which has come under scrutiny since the Alaska Airlines blowout on January 5. On Sunday, the FAA said it recommends "operators of Boeing 737-900ER aircraft visually inspect mid-exit door plugs to ensure the door is properly secured." The door plug is undergoing testing to determine if they were ever installed. Loose hardware was also discovered on other Max 9 jets after they were grounded, by United and Alaska Airlines.
Persons: Max, Organizations: FAA, Boeing, Alaska Airlines, United, Delta Air Lines, Service, Federal Aviation Administration, Reuters Locations: United , Alaska, United, Alaska
WASHINGTON (AP) — The Federal Aviation Administration recommends that airlines inspect the door plugs on certain Boeing 737s that are older than the Max 9 jetliner that suffered a blowout of a similar panel during a flight this month. The FAA said that 737-900ERs have logged 3.9 million flights without any known issues involving the door plugs. Political Cartoons View All 253 ImagesOne of the two door plugs on an Alaska Airlines Boeing 737 Max 9 flew off the plane in midflight on Jan. 5. The FAA has grounded all Max 9s with door plugs instead of regular doors in the back of the cabin. Boeing delivered about 500 737-900ERs between 2007 and 2019 – mostly to U.S. airlines -- and about 380 have door plugs instead of exits.
Persons: jetliner, Max Organizations: WASHINGTON, Federal Aviation Administration, Boeing, FAA, Alaska Airlines Boeing, Max, United Airlines, National Transportation Safety Locations: midflight, Oregon, Alaska, United, U.S
"SNL" aired a parody ad for Alaska Airlines in its first show of the year, hosted by Jacob Elordi. Although the FAA has been more critical of Boeing's role in the blowout than Alaska Airlines. Advertisement"Saturday Night Live" aired a sketch this past weekend that parodied Alaska Airlines following the Flight 1282 incident where a Boeing 737 Max 9 lost its door plug in midair. AdvertisementThe door plug that came off the 737 Max 9 on January 5 covered a deactivated emergency exit which is only operational in configurations with more passengers. When the National Transportation Safety Board recovered the door plug in Oregon, they learned four bolts attaching it to the jet were missing.
Persons: Jacob Elordi, Captain Sully, , Nobody, Chesley, Sully, Sullenberger, Kenan Thompson, We're, Elordi, AeroSystems, Dave Calhoun Organizations: Alaska Airlines, FAA, Service, Boeing, Max, Portland International, National Transportation Safety Board, United Airlines, CNBC Locations: Alaska, Oregon
United Airlines on Monday forecast a first-quarter loss due to the Federal Aviation Administration's grounding of Boeing 737 Max 9 planes this month after a part blew out during an Alaska Airlines flight operated with that type of aircraft. The more common Boeing 737 Max 8, which is in fleets at United, American and Southwest , isn't affected by the grounding order. "Despite unpredictable headwinds, we delivered on our ambitious EPS target that few thought possible — and set new operational records for our customers," said United Airlines CEO Scott Kirby in an earnings release. For the full-year 2024, United forecast adjusted earnings of between $9 and $11 a share, within analysts' estimates. ET on Tuesday when they are likely to face questions about compensation from Boeing for the grounding.
Persons: United, Scott Kirby Organizations: Airlines, Federal Aviation, Boeing, Max, Alaska Airlines, United, LSEG, United Airlines, CNBC PRO Locations: Alaska
Nearly 70 S & P 500 companies are slated to report earnings this week. Of the roughly 52 S & P 500 companies that have reported, just 69% have beaten earnings expectations, according to FactSet. What history shows: Bespoke Investment Group data shows United beats earnings expectations 70% of the time. What history shows: Bespoke data shows Netflix exceeds earnings estimates 81% of the time. What history shows: Bespoke data shows Alaska Air tops bottom-line estimate 72% of the time.
Persons: Buckle, Leslie Josephs, Max, Procter & Gamble, Robert Ottenstein, Procter, headwinds, Trian's Nelson Peltz, , Alan Gould, Jordan Novet, Tesla, TSLA, Elon Musk, Elon, Jefferies, Philippe Houchois, INTC, Timothy Arcuri Organizations: Netflix, Intel, Investors, CNBC, Monday United Airlines, Boeing, Max, Alaska Airlines, FAA, Procter &, Procter, Gamble, HBO, IBM, ISI, Alaska Air Group, Alaska Air, Nvidia, AMD, UBS Locations: Alaska, U.S, China, Europe
A homebuilt aircraft crashed into the ocean just south of San Francisco on Sunday. AdvertisementA small homebuilt aircraft crashed off the coast of California on Sunday, The Associated Press reported. But the following morning, authorities said a fishing boat spotted a "deceased female" in the water, which they said was "likely associated with the plane crash given she was located in the same location." The Cozy Mark IV is 16.9 feet long with a wing span of 28.1 feet. It has a top speed of 200 mph and can travel around 1,000 miles, per Aircraft Spruce & Specialty Co., which sells plans for the Mark IV.
Persons: , Mark IV, Emma Willmer, Lochie Ferrier, Cassidy Petit, Thane Ostroth, Ostroth, Marc Zeitlin, Zeitlin, Mark Organizations: Sunday, Service, Associated Press, Federal, Facebook, San, San Mateo County Sheriff's, Coast Guard, CHP, Aeronautical, National Transportation Safety Board, Cozy, AP, NTSB, Federal Aviation Administration, FAA, Specialty Co Locations: San Francisco, California, San Mateo County, Moss Beach , CA, Australian, United States
An Atlas Air Boeing 747-8 cargo plane made an emergency landing after an engine malfunction. Atlas Air said the plane landed safely and no injuries were reported. AdvertisementA video appears to show a Boeing 747-8 cargo plane on fire in the sky before making an emergency landing at Miami International Airport on Thursday. BREAKING REPORT : ⚠️ Atlas Air Boeing 747-8 from Miami International Airport CATCHES FIRE MID AIR.. A spokesperson for Miami International Airport told BI that the plane landed safely at 11:03 pm Eastern Time on Thursday.
Persons: , Chuck Callesto, 5Y095, NBC6, we'll, Max Organizations: Atlas Air Boeing, ., Air, Service, Boeing, Miami International Airport, Atlas Air, Reuters, AIR, Business, MIA, US Federal Aviation Administration, FAA, BI, Japan Airlines, Coast Guard, Alaska Airlines Boeing, Max, Alaska Airlines Locations: San Juan , Puerto Rico
Wake-Up Call or Last Call? New Hampshire used to be the start of the presidential nominating calendar. But with the front-runners decisively ahead in 2024, it’s looking as if it could be the end of the process.
Locations: New Hampshire
Delta Air Lines expects to move forward with an order of Boeing 737 Max 10 aircraft as the plane manufacturer struggles with issues surrounding the Max 9, the carrier's CEO told CNBC on Friday. The airline ordered 100 Max 10s in 2022 and deliveries are expected to begin in 2025, its first Boeing order in more than a decade. The Max 10, the largest model of the 737 Max, has not yet been approved by regulators. The 737 Max, Boeing's best-selling aircraft, has had a troubled history since deliveries first began in 2017. Delta flies over 500 Boeing jets a day, but does not fly either the Max or the 787, according to Bastian.
Persons: Max, Ed Bastian, CNBC's Scott Wapner, Boeing's, Bastian Organizations: Delta Air Lines, Boeing, Max, CNBC, FAA, Alaska Airlines, Airbus Locations: United States, Indonesia, Ethiopia, Bastian, Alaska, United
The plane was registered to an Oakland-based company called Winged Wallabies, Inc., according to Federal Aviation Administration records. He said it was “traumatic” to know the plane he had spent so much time on had crashed with people on board. Like commercial aircraft, all home-built planes are required by the FAA to be inspected annually for air worthiness. Cozy aircraft have the same safety record as commercially built planes of similar size, said aeronautical engineer Marc Zeitlin, who consults with the National Transportation Safety Board on crash investigations involving Cozy aircraft, including this one. “You buy foam, you buy fiberglass, you buy metal parts from all the manufacturers.
Persons: Mark IV, Thane Ostroth, Ostroth, , I’ll, ” Ostroth, Marc Zeitlin, Zeitlin, , Zeitlen, Emma Willmer, John Antczak Organizations: ANGELES, Wallabies, Inc, Federal Aviation Administration, Authorities, Cozy, FAA, National Transportation Safety Board, Burnside Aerospace, San, San Mateo County Sheriff’s Office, U.S . Coast Guard, San Mateo County Coroner’s, The National Transportation Safety Board, Associated Press Locations: California, San Francisco, Oakland, Thane, Australia, Michigan, Florida, Ross, San Mateo County, U.S, Los Angeles
New York CNN —It’s been a tough month for shares of airline companies. Here’s why investors are getting out of airline stocks. Boeing’s “can of worms”: Boeing’s problems began on Jan. 5, when the door plug on an Alaska Airlines Boeing 737 Max 9 detached mid-flight. Oil prices are volatile: Investors are also concerned about a possible spike in oil prices. United Airlines Holdings shares have declined 8% so far in January and American Airlines Group shares have fallen 6%.
Persons: New York CNN — It’s, Wells, , Max, JetBlue’s, Patrick T, Fallon, Brent, Ed Bastian, Antony Blinken, CNN’s Jennifer Hansler, Bryan Mena, Read Organizations: CNN Business, Bell, New York CNN, NYSE, Alaska Airlines Boeing, Max, Boeing, Alaska Airlines, US Federal Aviation Administration, National Transportation Safety, FAA, , Spirit Airlines, JetBlue, Spirit, CNN . Spirit Airlines Airbus, JetBlue Airlines Airbus, Los Angeles International Airport, Getty, US Justice Department, Hawaiian Airlines, Hawaiian Holdings, US, . West Texas, Delta Air Lines, Delta, United Airlines Holdings, American Airlines Group, Blinken’s Boeing, Commerce Department Locations: New York, Washington, Boston, AFP, Iran, Yemen, Davos, Zurich, deplane
Spirit is a Kansas-based company that builds the fuselages and other parts of Boeing planes, including the 737 Max 9. Spirit built the door plug which came off the 737 Max 9 on January 5, leaving a gaping hole in the fuselage. The National Transportation Safety Board is testing the recovered door plug to determine whether four missing bolts were ever installed. AdvertisementAlaska Airlines and United Airlines, the two biggest operators of the 737 Max 9, also found loose hardware on some of the grounded aircraft. 171 Boeing 737 Max 9 jets have been grounded by the FAA.
Persons: , Dave Calhoun, AeroSystems, Calhoun Organizations: Service, Federal Aviation Administration, Business, Boeing, Spirit, FAA, Alaska Airlines, Portland International, National Transportation Safety Board, United Airlines, Max Locations: Kansas
JAKARTA (Reuters) - Indonesia has allowed three Boeing 737 MAX 9 planes to fly again after grounding them, as they have different configurations from a jet that was forced to make an emergency landing in the United States on Jan. 5, its transport ministry said on Thursday. A cabin panel broke off a new Boeing 737 MAX 9 jet operated by Alaska Airlines in mid-flight, leading to the grounding of the model and inspections by the U.S. Federal Aviation Administration (FAA). After grounding the three planes operated by Lion Air on Jan. 6 and later inspecting them, Indonesia's transport ministry said it had allowed them to fly again since Jan. 11. Lion Air said in a statement the planes had different configurations from the Alaska Airline plane. The transport ministry said the Lion Air planes had a "mid cabin emergency exit door type II" whereas the Alaska Airlines plane had a "mid exit door plug."
Persons: Stanley Widianto, Bernadette Christina, Mark Potter Organizations: Boeing, Alaska Airlines, U.S . Federal Aviation Administration, FAA, Lion Air, Lion, Alaska Airline Locations: JAKARTA, Indonesia, United States, Portland , Oregon, Ontario , California
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