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Capacity Growth

All articles tagged with #capacity growth

business2 years ago

"Alaska Airlines Faces $150 Million Loss Due to Boeing 737 Max 9 Grounding"

Alaska Airlines expects the grounding of its Boeing 737 Max 9 fleet to cost the carrier $150 million, with the Federal Aviation Administration approving inspection instructions for the aircraft's return to service. The airline plans to resume Max 9 flights as early as Friday and gradually return the aircraft to service through early February. Alaska forecasts full-year adjusted earnings per share of $3 to $5, including the impact of the grounding, and expects capacity growth to be at or below the lower end of its previous range. Both Alaska and United Airlines found loose bolts on several Max 9 planes during preliminary inspections after an incident on January 5, and Alaska's CEO expressed frustration and anger with Boeing.

via CNBC|
#alaska-airlines#boeing-737-max-9#business
aviation2 years ago

Southwest Airlines faces challenges with growth and profitability

Southwest Airlines plans to slow its capacity growth in 2024 due to moderating travel demand and a shift back to pre-pandemic booking patterns. The airline expects to expand its flying by 10-12% in Q1 2024, down from a previous forecast of up to 16% growth, and aims for 6-8% growth for the full year. This adjustment comes as airlines have expanded their flying this year, leading to lower airfares. Southwest's net income in Q3 2023 dropped 30% from the previous year, while revenue increased 4.9%. Other low-cost carriers, such as Spirit Airlines and Frontier Airlines, also reported losses and forecasted negative margins for the fourth quarter.

via CNBC|
#aviation#booking-patterns#capacity-growth
business2 years ago

Southwest Airlines' Growth Impacted by Boeing Delays and Operational Issues.

Southwest Airlines is reducing its hiring targets for this year due to delays in new aircraft from Boeing. The airline expects to receive 70 new 737 Max planes from Boeing this year, down from a previous forecast of 90, which will reduce its capacity growth plans by one percentage point. Southwest is one of Boeing's best customers and operates a fleet of all 737s. The carrier plans to reduce flight plans in the last few months of the year because of the delays.

via CNBC|
#aircraft-delays#boeing#business