Tag

Business Aviation

All articles tagged with #business aviation

"Alaska Air Exceeds Forecasts with Strong Rebound from Boeing Max Woes"

Despite a first-quarter loss due to a Boeing 737 Max 9 incident, Alaska Airlines forecasts strong second-quarter and full-year earnings, surpassing analyst estimates, driven by robust travel demand. The airline received $162 million from Boeing for the January incident and expects additional compensation. Alaska reported a net loss of $132 million for the first quarter but exceeded revenue estimates, with shares rising over 3% in premarket trading.

via CNBC|

#alaska-airlines #boeing-737-max #business-aviation

business-aviation1 year ago•2 min saved

United Airlines' $200 Million Loss: Boeing Crisis Leads to Slashed Aircraft Delivery Plan

United Airlines reported a $200 million hit in the first quarter due to the grounding of its Boeing 737 Max 9 jets following a door plug incident on an Alaska Airlines flight. The airline, heavily reliant on Boeing planes, also faces delivery delays and has reached agreements to lease Airbus A321neos. Despite an adjusted loss of $50 million, United saw a 10% increase in revenue, largely due to a 9% rise in miles flown by paying passengers.

via CNN|

#737-max-9 #airbus-a321neo #boeing

business-aviation1 year ago•2 min saved

"United Airlines' Financial Struggles Amid Boeing Crisis"

United Airlines reported a $124 million loss in the first quarter, attributing it to the grounding of its Boeing 737 Max 9s after an incident with an Alaska Airlines jet. The airline expects fewer new planes from Boeing this year and has started leasing Airbus jets to compensate. Despite the setbacks, United forecasts better-than-expected profit in the second quarter, with shares rising 5% in after-hours trading. The grounding cost the airline $200 million, leading to a loss for the quarter, while negotiations with Boeing for compensation are ongoing. United has adjusted its fleet plan due to Boeing's production challenges and anticipates earning between $3.75 and $4.25 per share in the second quarter.

via Yahoo Finance|

#airbus #aircraft-grounding #boeing

business-aviation1 year ago•4 min saved

"Boeing Faces Intensifying Scrutiny Over Company Culture and Safety Concerns"

A Senate subcommittee is set to hold a hearing to examine Boeing's safety culture, with Melius Research Managing Director Robert Spingarn highlighting cultural issues within the company and the need for significant changes. With Boeing's CEO set to resign at the close of 2024, Spingarn recommends a successor with an engineering background and production floor experience, suggesting names like Pat Shanahan and Gwynne Shotwell. The company's challenges go beyond safety, with a disconnect between the factory floor and executives intensified by the relocation of Boeing's headquarters, according to Spingarn.

via Yahoo Finance|

#boeing #business-aviation #ceo

business-aviation1 year ago•1 min saved

Delta Air Lines (DAL) Reports Record Revenue and Profit, CEO Optimistic About Travel Demand

Delta Air Lines reported a profit in the first quarter, with adjusted earnings of $288 million, or 45 cents a share, and revenue of $12.56 billion, slightly below analysts' expectations. CEO Ed Bastian noted strong bookings for both leisure and business travel as the peak travel season approaches. The company is focusing on efficiency and slowing hiring after a hiring spree post-pandemic, with a forecast of second-quarter earnings of $2.20 to $2.50 per share and reiterated full-year forecast of $6 to $7 a share.

via CNBC|

#aviation-industry #business-aviation #delta-air-lines

business-aviation1 year ago•2 min saved

"Multiple Boeing Whistleblowers Expose Safety Concerns on 787 and 777 Jets"

A Boeing engineer, Sam Salehpour, has alleged that the 787 Dreamliner planes suffer from assembly defects that threaten safety, accusing the company of prioritizing profit over safety and retaliating against him for raising concerns. The Federal Aviation Administration is investigating the claims, and a Senate committee has scheduled a hearing to examine Boeing's safety culture. Boeing denies the allegations and states that the issues raised have been rigorously examined under FAA oversight. This comes amid ongoing scrutiny of Boeing's safety practices and a sharp decline in first-quarter plane deliveries.

via NDTV|

#boeing #business-aviation #dreamliner-787

business-aviation1 year ago•2 min saved

Boeing's First-Quarter Airplane Deliveries Plummet Amid Safety Crisis

Boeing's quarterly airplane deliveries dropped to 83, the lowest since mid-2021, as the company faces increased scrutiny following a safety crisis. The drop comes after an incident on Alaska Airlines Flight 1282, prompting the FAA to inspect Boeing's 737 Max production and restrict output until quality control is approved. Boeing is slowing production to improve quality control and avoid delays, with CEO Dave Calhoun set to step down by year's end. The company also compensated Alaska Airlines $160 million for a brief grounding of the 737 Max.

via CNBC|

#737-max #airplane-deliveries #boeing

business-aviation1 year ago•1 min saved

JetBlue Introduces Record-High Peak Pricing for Checked Bags

JetBlue, facing financial challenges and pressure from investors, has increased checked bag fees and introduced dynamic pricing for luggage, with higher fees for peak travel dates. This move comes after the airline's recent baggage fee increase and route cuts. The airline's strategy to boost revenue has drawn criticism for making itself less competitive and for contributing to the government's efforts to regulate airlines. Additionally, the tax code's encouragement of airlines to move prices into fees has been highlighted as a contributing factor to the situation.

via View from the Wing|

#airline-industry #baggage-fees #business-aviation

business-aviation1 year ago•2 min saved

"FAA Clears Gulfstream G700 for Takeoff"

Gulfstream Aerospace's new G700 business jet has received Federal Aviation Administration certification, paving the way for customer deliveries. The G700 can transport up to 19 people and features whisper-quiet noise levels, panoramic windows, and impressive range and speed capabilities. General Dynamics CEO Phebe Novakovic previously mentioned having 15 jets ready for delivery, and the highly anticipated jet made an appearance at the Singapore Airshow.

via Fox Business|

#business-aviation #business-jet #faa-certification

business-aviation1 year ago•5 min saved

"Boeing's Leadership Crisis: From Glass Cliff to Engineering Solutions"

U.S. airline bosses' revolt led to the ousting of Boeing's top leadership, including CEO Dave Calhoun, after a door plug blowout on an Alaska Airlines 737 MAX 9. The shakeup came after major U.S. customers demanded a boardroom meeting, expressing frustration at ongoing delays and safety concerns. Airlines are now calling for deeper changes, including selecting a manufacturing heavyweight as CEO, as they face prolonged uncertainty over jet supplies. The industry's intervention demonstrated fragile confidence in Boeing's safety and reliability, with experts noting that the carrier coup will be studied for years.

via Reuters|

#aircraft-manufacturing #airline-industry #boeing

business-aviation1 year ago•2 min saved

JetBlue to Discontinue Multiple Routes, Exiting Several Cities

JetBlue Airways is discontinuing service to several cities, including Kansas City, Bogota, Quito, and Lima, while reducing flights out of Los Angeles and cutting routes from Fort Lauderdale, New York, and other locations. The airline is making these changes to focus on stronger markets and cope with the grounding of some planes for engine inspections. JetBlue has faced financial losses and legal setbacks in recent years, prompting a shift in strategy under new CEO Joanna Geraghty, as the airline aims to grow independently and improve its operational performance.

via FOX 35 Orlando|

#airline-industry #business-aviation #financial-struggles

business-aviation1 year ago•1 min saved

JetBlue Streamlines Operations by Cutting Unprofitable Routes and Exiting Multiple US Cities

JetBlue Airways is discontinuing service in several cities, including Kansas City, Bogota, Quito, and Lima, and reducing flights from Los Angeles to focus on more profitable routes. The airline has faced financial losses and operational challenges, including the grounding of some planes for engine inspections. After unsuccessful partnership and merger attempts, JetBlue is now shifting its focus to independent growth under new leadership.

via WPRI.com|

#airline-industry #business-aviation #jetblue-airways

business-aviation1 year ago•2 min saved

JetBlue Announces Cuts to Routes and Cities

JetBlue Airways is ending service in several cities, including Kansas City, Bogota, Quito, and Lima, and reducing flights out of Los Angeles, as part of a move to focus on stronger markets and cope with the grounding of some of its planes for engine inspections. The airline has faced financial losses and legal setbacks, including unsuccessful partnership and merger attempts, and is now shifting its focus to growing independently under new leadership.

via WFLA|

#airline-industry #business-aviation #florida

business-aviation1 year ago•1 min saved

JetBlue Trims Routes and Leaves Multiple Cities Amid Financial Challenges

JetBlue is discontinuing service to and from Kansas City, Missouri, and making route trims from Los Angeles and Fort Lauderdale, as well as not returning to Newburgh, New York, due to financial struggles and a federal judge's rejection of its merger with Spirit Airlines. The airline cited underperforming routes and markets as the reason for the changes and plans to focus on East Coast, Caribbean, and long-haul cross-country flights while adding capacity in successful areas like Puerto Rico and Florida.

via NBC News|

#airline-industry #business-aviation #financial-trouble

business-aviation1 year ago•4 min saved

"Unraveling Boeing: Safety Concerns, Whistleblower, and Reputation in Crisis"

Boeing's ongoing production, quality, and safety issues, including a recent mid-flight incident, could lead to more expensive airfares and weaker economic growth in the US. Delays in deliveries and reduced production of its 737 Max jets are expected to impact the availability of planes for travel and business, potentially pushing up airfares. The company's struggles may also benefit its rival, Airbus, as airlines consider alternative options. This could have significant effects on the US economy, including reduced exports and potential job impacts.

via CNN|

#airbus #aircraft-manufacturing #airfares