DIRS.INFO The most relevant business & tech news

☆ Frontier Airlines does away with change fees in budget airline pricing overhaul
▼ + stars: | 2024-05-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Frontier Airlines said it will stop charging customers a fee to change their flights, taking a page from larger competitors as the Biden administration issues stricter rules targeting so-called "junk fees." Frontier currently charges up to $99 to change flights if the change is made within a week of the trip, according to the airline's website. Larger rivals Delta , American and United scrapped change fees during the Covid-19 pandemic for travelers who were booked in standard economy class and above. "The truth is the big four all have no change fees on the majority of their products, so we were not as desirable," Biffle said. He said change fees were a "top complaint" of travelers.

Persons: Biden, Barry Biffle, Biffle Organizations: Frontier Airlines, CNBC, U.S . Department of Transportation, Frontier, Delta, United, Southwest Airlines

☆ United Airlines says FAA cleared it to add new aircraft, routes after safety review
▼ + stars: | 2024-05-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

United Airlines said the Federal Aviation Administration has cleared it to add new aircraft and routes months after the regulator stepped up its scrutiny of the carrier following several safety incidents. United said in March that the FAA had stepped up scrutiny of the airline after a spate of incidents earlier this year. That prevented it from launching new routes, including flights to Faro, Portugal, ahead of the busy summer travel season. The clearance from the FAA is welcome news as United and other carriers expect a record peak season this year. "We will continue to see an FAA presence in our operation as they review our work processes, manuals and facilities," it said in its employee memo.

Persons: United Organizations: Airlines, Federal Aviation Administration, FAA, Management, Boeing, Max, Alaska Airlines Locations: Faro, Portugal, Japan, San Francisco, Oregon

☆ Justice Department says Boeing breached 2021 agreement that shielded it from criminal charges over 737 Max crashes
▼ + stars: | 2024-05-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing violated a 2021 deferred prosecution agreement that protected it from criminal charges tied to the fatal 737 Max crashes, the Justice Department said Tuesday. Boeing could now be subject to U.S prosecution, the Justice Department said in a filing in U.S. federal court in Texas. It said it still determining "how it will proceed in this matter" and that Boeing will have 30 days to respond. The airplane manufacturer broke the agreement by "failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations," the Justice Department said. Boeing has been under heightened federal scrutiny after a door panel blew out midair from a 737 Max 9 operated by Alaska Airlines on Jan. 5.

Persons: Max Organizations: Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board Locations: Texas

☆ American Airlines cuts some international flights into 2025 citing Boeing delivery delays
▼ + stars: | 2024-04-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. "We're making these adjustments now to ensure we're able to re-accommodate customers on affected flights," American said in a statement. Flights from New York to Barcelona will be suspended Sept. 3. Flights from Dallas/Fort Worth International to Dublin and to Rome, which were both scheduled as year-round flights, will now be suspended on Oct. 26. Flights from Chicago O'Hare to Paris will end Sept. 3 and resume next year.

Persons: John F, Boeing didn't Organizations: Boeing, American Airlines, Kennedy International, Fort Worth International, Dublin, Chicago O'Hare Locations: Barcelona, Europe, New, Athens, New York, Dallas, Rome, Chicago, Paris, Kona, Hawaii, Philadelphia, Miami, Montevideo, Uruguay, Sao Paulo, Brazil

☆ Open seating no more? Southwest CEO says airline is weighing cabin changes
▼ + stars: | 2024-04-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Southwest Airlines is weighing changes to its cabin that could involve abandoning its single-class, open-seating system to drive up revenue, CEO Bob Jordan told CNBC on Thursday. The changes would mark a massive shift for the carrier that has stood apart from rivals for decades with its simpler business model. Southwest's all-Boeing 737 fleet has a single economy class cabin and no seating assignments, though it does offer earlier boarding to customers for a fee so they can snag their preferred seats. The airline has focused on keeping its product simple and user-friendly for years, aiming to keep its own costs and complexity to a minimum. Meanwhile, rivals including Delta and United have touted high revenue growth for premium seating such as business class and strong upsell rates.

Persons: Bob Jordan, Jordan Organizations: Airlines, CNBC, Boeing, Delta

☆ American Airlines swings to a loss, but tops estimates for Q2 forecast
▼ + stars: | 2024-04-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates, sending shares roughly 5% higher Thursday. American reiterated its forecast to earn between $2.25 and $3.25 per share for the full year. American said it expects second-quarter capacity to be up 7% to 9%, and unit revenues to fall 1% to 3% from last year. Similar to Southwest , United and Alaska , American is affected by Boeing's latest quality control and safety crises. Adjusting for one-time items, including costs associated with new labor contracts, American lost $226 million, or 34 cents per share.

Persons: LSEG, Robert Isom, Isom, Boeing hasn't, —, Phil LeBeau Organizations: Boeing, American Airlines, JFK International, CNBC, Revenue Locations: Austin , Texas, New York, Manhattan, Southwest, United, Alaska, American

☆ Southwest loss widens, airline warns Boeing airplane delays will hit growth into 2025
▼ + stars: | 2024-04-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Southwest commercial airliner takes off from Las Vegas International Airport in Las Vegas, Nevada, U.S., February 8, 2024. Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing's airplane delays will hamper its growth into 2025. "The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025. Adjusting for one-time items, including costs related to labor contracts and fuel, Southwest lost $218 million, or 36 cents a share. Correction: Southwest Airlines revenue of $6.33 billion came in slightly below analysts' estimates as compiled by LSEG.

Persons: George Bush, Bob Jordan, replanning, LSEG Organizations: Las Vegas International, Southwest Airlines, Boeing, Max, Bellingham International Airport, Cozumel International, Southwest, LSEG . Locations: Las Vegas , Nevada, U.S, Syracuse , New York, Bellingham, Washington, Cozumel, Dallas

☆ Boeing reports quarterly results before the bell. Here's what Wall Street expects
▼ + stars: | 2024-04-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Here is what Wall Street expects for Boeing for the period that ended March 31, according to estimates from LSEG:Loss per share: $1.76 adjusted$1.76 adjusted Revenue: $16.23 billionBoeing has been hamstrung in ramping up production, especially of its best-selling 737 Max planes. After the door plug blew out on the Alaska Airlines Max 9 on Jan. 5, the Federal Aviation Administration has barred Boeing from increasing output. Questions abound for Boeing's lame duck CEO Dave Calhoun, who announced in March that he would step down by year-end. Among those questions: When will Boeing stabilize its production line and increase production of the 737 Max and other planes?

Persons: Dave Calhoun, Max Organizations: Boeing, Max, Boeing Factory, Alaska Airlines Max, Federal Aviation Administration, FAA Locations: Renton , Washington

☆ JetBlue shares tumble 10% after airline lowers 2024 revenue outlook
▼ + stars: | 2024-04-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

JetBlue Airways shares tumbled more than 10% in premarket trading Tuesday after the airline lowered its 2024 revenue forecast, a setback as it tries to return to profitability. The carrier said second-quarter revenue would likely drop as much as 10.5% on the year, more than double the decline analysts polled by LSEG expected. JetBlue has been on a cost-cutting spree, culling unprofitable routes, and focusing on those with steady demand and high sales for premium seats. JetBlue earlier this year said it would defer $2.5 billion in aircraft spending until the end of the year. Revenue dropped 5.1% from last year to $2.21 billion, matching LSEG revenue expectations.

Persons: LSEG, Joanna Geraghty, Pratt Organizations: JetBlue Airbus A321neo, AMS EHAM, JetBlue Airways, JetBlue, Spirit Airlines, Pratt & Whitney, Revenue Locations: Amsterdam, Netherlands, New York, Delta, America

☆ Ex-JetBlue CEO Robin Hayes to run Airbus North America
▼ + stars: | 2024-04-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Robin Hayes, chief executive officer of JetBlue Airways Corp., speaks during an Economic Club of New York event in New York, US, on Wednesday, March 29, 2023. Former JetBlue Airways CEO Robin Hayes will run Airbus' North America arm, replacing Jeffrey Knittel, the airplane maker said Monday. Hayes, a longtime airline executive who has also held senior leadership roles at British Airways, will start in June. He will be managing Airbus' business in the region, where it has expanded production of narrow-body jets in Mobile, Alabama. It has customers including Delta Air Lines , his former employer JetBlue and the carrier's acquisition target Spirit.

Persons: Robin Hayes, Jeffrey Knittel, Hayes Organizations: JetBlue Airways Corp, Economic, of New, Former JetBlue Airways, Airbus, JetBlue, Spirit Airlines, Justice Department, British Airways, Delta Air Lines Locations: of New York, New York, North America, Mobile , Alabama

☆ Delta Air Lines gives staff another 5% raise, hikes starting wages to $19 an hour
▼ + stars: | 2024-04-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Delta Air Lines jets are seen on a taxiway at Hartsfield-Jackson Atlanta International Airport in Atlanta on Dec. 22, 2021. Delta Air Lines said it is raising staff pay by another 5% this year as the country's most profitable airline prepares for the busy summer travel season. The pay increase, which starts June 1, applies to workers including flight attendants, ground handlers, mechanics and some office workers, among others. Delta raised staff pay by 5% last year and the pay hike unveiled Monday is the third the Atlanta-based carrier has announced since 2022. With the new raises, starting pay at Delta's mainline operation in the U.S. will rise to $19 an hour from $16.55.

Persons: Delta, Ed Bastian Organizations: Delta Air Lines, Jackson Atlanta International Airport, Association of Flight, CWA Locations: Hartsfield, Atlanta, U.S

☆ Boeing expects slower production increase of 787 Dreamliner because of parts shortages
▼ + stars: | 2024-04-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing 787 Dreamliners are built at the aviation company's North Charleston, South Carolina, assembly plant on May 30, 2023. Boeing told employees on Monday that it expects a slower increase in production and deliveries of new 787 Dreamliner planes because of supplier shortages of "a few key parts." The company had separately been trying to boost output of 787 Dreamliners after quality problems suspended deliveries for nearly two years, ending in mid-2022. "To that end, we have shared with our customers that we expect a slower increase in our rate of production and deliveries," he wrote in the memo, reported earlier by Reuters, adding that the company still plans to increase the rate steadily because of high demand. Boeing reports quarterly results and will likely detail its production plans before the market opens on Wednesday.

Persons: Scott Stocker, Stocker Organizations: Boeing, Boeing's South, Reuters Locations: North Charleston , South Carolina, Boeing's, Boeing's South Carolina

☆ FAA will require more rest time for air traffic controllers amid fatigue concerns
▼ + stars: | 2024-04-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

The head of the Federal Aviation Administration on Friday said the agency will increase the required amount of rest time for air traffic controllers in response to concerns over fatigue amid a staffing shortage. "In my first few months at the helm of the FAA, I toured air traffic control facilities around the country — and heard concerns about schedules that do not always allow controllers to get enough rest," FAA Administrator Mike Whitaker said in a statement. A shortfall of air traffic controllers, made worse by a pause in hiring during the Covid-19 pandemic, has led to forced overtime and packed schedules for staff at some facilities. Air traffic controllers in the U.S. are required to retire at age 56. The announcement came alongside an FAA-ordered report on air traffic controller fatigue, which recommended the new rest requirements.

Persons: Mike Whitaker Organizations: Federal Aviation Administration, FAA, Boeing, Air Locations: U.S

☆ Roy Wood Jr. says he made some apologies after his accidentally viral plea for 'The Daily Show' to find a host
▼ + stars: | 2024-04-18 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +4 min

Roy Wood Jr. went viral at the Emmys for mouthing "please find a host" when "The Daily Show" won. AdvertisementAt the 2024 Emmys, former "Daily Show" correspondent Roy Wood Jr. unwittingly went viral when he went onstage with former host Trevor Noah, who accepted the Emmy award for outstanding talk series. "Please hire a host," Wood, who was no longer with the "Daily Show" at the time, mouthed. Advertisement"The Emmy that 'The Daily Show' won, for about half of that year, there was no host," Wood told BI. "Our writers and our producers and directors, our whole staff really stepped up," Flanz told BI.

Persons: Roy Wood Jr, Wood, —, Trevor Noah, ory Organizations: Service

☆ Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
▼ + stars: | 2024-04-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

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

☆ Boeing faces scrutiny in Senate hearings over aircraft safety and quality
▼ + stars: | 2024-04-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 's safety and quality were under fire again in two Senate hearings on Wednesday as the manufacturer faces mounting scrutiny after a midair door blowout and near catastrophe on one of its planes in January. A Boeing engineer-turned-whistleblower testified before a Senate panel, reiterating his allegations that the planemaker cut corners to move wide-body planes through the production line, despite flaws. "I believe that Boeing can do better and that the public's trust in Boeing can be restored," he said in prepared remarks to the Senate Homeland Security committee ahead of the hearing "Examining Boeing's Broken Safety Culture: Firsthand Accounts." New plane deliveries from Boeing have slowed as the Federal Aviation Administration ramps up its scrutiny on the company's production lines. A separate hearing, before the Senate Commerce Committee on Wednesday, addressed Boeing's safety culture after a report issued earlier this year from an expert panel ordered by Congress found a "disconnect" between Boeing's senior management and other members of the organization on safety culture.

Persons: Richard Blumenthal, Sam Salehpour, shim, Scott Kirby, CNBC's, Dave Calhoun Organizations: Boeing, Senate Homeland Security, Governmental, Investigations, Senate Homeland, United Airlines, Max, Alaska Airlines, Federal Aviation Administration, Senate, Congress Locations: Washington ,

☆ Airline executives predict a record summer and even more demand for first class
▼ + stars: | 2024-04-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

While the aviation industry has been in the spotlight lately for a host of safety issues, airline executives say there is no sign of slowing demand for flights. United Airlines "as an airline and as an industry" will carry record numbers of travelers this summer, the carrier's Chief Commercial Officer Andrew Nocella said on an earnings call Wednesday. "Demand continues to be strong, and we see a record spring and summer travel season with our 11 highest sales days in our history all occurring this calendar year," Delta Air Lines CEO Ed Bastian said on his company's call a week earlier. Customers appear willing to pay up for first class and other cabins above standard coach, executives said. Some of those carriers have struggled in recent months because of higher capacity, limited airplane availability and higher costs.

Persons: Andrew Nocella, Ed Bastian, Nocella Organizations: United Airlines, Air, American Airlines, Southwest Airlines, Boeing, Federal Aviation Administration, . Airlines Locations: Delta, United

☆ Opinion: Skimpy Olympic uniforms for women are an outrage
▼ + stars: | 2024-04-16 | by ( Opinion Danielle Campoamor | ) edition.cnn.com time to read: +6 min

Nike’s new Olympic outfit designs for the US women and men were revealed last week, and the track and field uniforms have rightly been met with intense criticism. Just look at what Caitlin Clark, Dawn Staley and this year’s women collegiate basketball players did for the NCAA. For the uninitiated, prior to the settlement the women were earning as little as 40% of what the men were paid, despite winning four World Cup championships. A woman, Simone Biles, is the most decorated gymnast of all time, winning an astounding 37 World and Olympic medals… and she’s not done competing. Instead, while male athletes are simply referred to as “athletes,” we are “women athletes” who must shave and trim, wax and pluck our way into the hearts and minds of… men.

Persons: Danielle Campoamor, CNN —, Danielle Campoamor Ashley Batz, Leslie Jones, Katie Moon, ” Katelyn Hutchison, ” Jaleen Roberts, ” Lauren Fleshman, “, Fleshman, Caitlin Clark, Dawn Staley, Simone Biles, —, I’m, ” Organizations: NBC, CNN, Olympics, Paris Games, NPR, Nike, Air, University of Kentucky, NCAA, US Soccer, Team USA, Go Locations: Paris

☆ United Airlines slashes 2024 aircraft delivery plan as Boeing crisis leads to delays
▼ + stars: | 2024-04-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines on Tuesday cut its aircraft-delivery expectations for the year as it grapples with delays from Boeing , the latest airline to face growth challenges because of the plane-maker's safety crisis. "We've adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver," CEO Scott Kirby said in an earnings release. In January, United said it was taking Boeing's not-yet-certified Max 10 out of its fleet plan. The airline said it has converted some Max 10 planes for Max 9s. United is also facing a Federal Aviation Administration safety review, which has prevented some of its planned growth.

Persons: Scott Kirby, United, Boeing's, Max, Max 9s Organizations: Airlines, Boeing, Airbus A321neos, Max, Federal Aviation Administration, CNBC, FAA, Alaska Airlines, United, Revenue Locations: U.S, Newark , New Jersey, Faro, Portugal, Tokyo, Cebu, Philippines, Southwest

☆ World's busiest airports show surge in international travel. Here are the rankings
▼ + stars: | 2024-04-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Dubai International Airport ranked as the second busiest in 2023, up from fifth place in 2022 and fourth place in 2019, according to Airports Council International's preliminary ranking, which was released on Monday. The resurgence of international travel has been a bright spot for airlines with big international networks, while ultra-low-cost, domestic-focused U.S. airlines have struggled in recent months. Domestic U.S. airports continued to post big gains in passenger counts, but some slipped in the rankings compared with the middle of the pandemic, when international travel restrictions limited long-haul trips abroad. Hartsfield-Jackson Atlanta International Airport, Delta Air Lines ' biggest hub, once again topped the list of the busiest airports, serving 104.7 million passengers, ACI said. Here are the 2023 rankings (with 2022 rankings in parentheses):

Organizations: British Airways Airbus, Heathrow Airport, Dubai International Airport, International Airport, Global, ACI, Domestic U.S, Airport, United Airlines, Hartsfield, Jackson Atlanta International Airport, Delta Air Lines Locations: London, Britain, Tokyo, Denver, United, ACI's

☆ Boeing defends 787 Dreamliner safety after whistleblower alleged structural flaws
▼ + stars: | 2024-04-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company's final assembly facility in North Charleston, South Carolina. Boeing denied the allegations, calling them "inaccurate" and said it stood by the planes' safety. Salehpour is scheduled to appear along with another whistleblower who worked at Boeing, a former aviation official and an independent safety expert at a Senate hearing on Wednesday about aircraft safety called "Examining Boeing's Broken Safety Culture: Firsthand Accounts." Boeing last week declined to comment on those specific allegations, citing the FAA's ongoing whistleblower investigation, but said, "Retaliation is strictly prohibited at Boeing." The company is scheduled to report quarterly results on April 24, when it will face investor questions about aircraft safety, production rates and FAA oversight.

Persons: Sam Salehpour, Steve Chisholm Organizations: Boeing Co, Boeing, Federal Aviation Administration, FAA Locations: North Charleston , South Carolina

☆ Earnings playbook: Your guide to trading the biggest reports of the week, including Netflix and Goldman Sachs
▼ + stars: | 2024-04-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +8 min

What history shows: Goldman Sachs beats earnings estimates 85% of the time, according to Bespoke Investment Group. What CNBC is watching: Bank of America shares have struggled lately, losing 5.6% this month as investors reprice rate cut expectations. Morgan Stanley is set to report earnings before the open. United Airlines is set to report earnings after the close. Thursday Netflix is set to report earnings after the close.

Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Goldman, Devin Ryan, Morgan, Ryan, UNH, UnitedHealth, LSEG, UAL, Leslie Josephs, Oppenheimer, Jason Helfstein, Procter & Gamble, Dara Mohsenian, Procter Organizations: Bank of America, Netflix, JPMorgan, CNBC, JMP Securities, Investment, Tuesday Bank of America, UBS, BofA, Dow Jones Industrial, Street, United Airlines, Boeing, Max, Federal Aviation Administration, San Francisco, United, Procter & Locations: Charlotte, San, U.S, China

☆ Airspace closures throughout the Middle East ground, divert flights as Iran launches drone attack on Israel
▼ + stars: | 2024-04-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

El Al plane is seen at the Ben Gurion International Airport in Tel Aviv on December 31, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Airspace closures through the Middle East grounded and diverted flights on Saturday as Iran launched drones toward Israel. United Airlines , which resumed service to Tel Aviv early last month after suspending Israel flights after the Hamas attacks in October, called off its Newark to Tel Aviv flight on Saturday after Israel closed its airspace. American Airlines has not resumed Israel service. Flight-tracking site Flightradar24 said multiple flights bound for Tel Aviv and Amman had diverted on Saturday.

Persons: Jakub Porzycki, Delta, Flightradar24 Organizations: El, Ben Gurion International, Getty, United Airlines, Israel, American Airlines, Washington Dulles International Locations: Tel Aviv, Iran, Israel, United, Newark, Jordan, Iraq, Jordanian, Amman

☆ Delta tops quarterly earnings expectations, focuses on efficiency as growth steadies
▼ + stars: | 2024-04-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta's adjusted earnings of $288 million, or 45 cents a share, rose from $163 million, or 25 cents a share in the first quarter of 2023. Here's how the company performed in the three months ended March 31, compared to Wall Street expectations based on consensus estimates from LSEG:Adjusted earnings per share: 45 cents vs. 36 cents expected. 45 cents vs. 36 cents expected. Adjusted revenue: $12.56 billion vs. $12.59 billion expected. Delta forecast second-quarter earnings of $2.20 to $2.50 per share, while analysts forecast between $2.23 per share on average, according to LSEG.

Persons: Ed Bastian, Bastian, Delta, Dan Janki Organizations: Airbus, Delta Air Lines, Toulouse Blagnac, Delta, LSEG, Corporate, CNBC Locations: Toulouse, Atlanta, France, LSEG, Delta

☆ Boeing's quarterly airplane deliveries drop to 83 amid safety crisis
▼ + stars: | 2024-04-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing airplane deliveries dropped in the first quarter as the company faces increased scrutiny after a door plug blew out from one of its 737 Max 9 planes midair in January. Boeing customers are still ordering new jets from the manufacturer, which along with Airbus dominates the large-jetliner market. The latest tally comes after the Jan. 5 accident on Alaska Airlines 1282 brought Boeing inches from a catastrophe. Since the accident, the Federal Aviation Administration has inspected Boeing's 737 Max production and barred the plane maker from increasing production of the jets until it signs off on its quality control procedures. "We won't rush or go too fast," Boeing CFO Brian West said at a Bank of America conference last month.

Persons: Brian West, we're, Dave Calhoun Organizations: Boeing, Airbus, American Airlines, Alaska Airlines, Federal Aviation Administration, Bank of America, Aircraft

Search resuls for: "Leslie J"

25 mentions found