Why American Airlines Stock Is Taking Off Today
The airline beat on earnings and is raising expectations for 2024.
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The airline beat on earnings and is raising expectations for 2024.
A cabin blowout at 16,000 feet and the grounding of over 170 Boeing jets amplify airlines' frustrations with the planemaker's safety and supply issues. Alaska and United Airlines, with 70% of the MAX 9 fleet, cancel flights as provisional checks reveal loose bolts, potentially delaying the return to service. Boeing CEO Dave Calhoun acknowledges mistakes, anticipating a challenging period. Industry insiders suggest growing discontent with Boeing's repeated problems and production delays, urging airlines to explore alternative suppliers for risk reduction.
High cost of pilot training, retirements, rapid aviation recovery lead to flight crew gaps
High cost of pilot training, retirements, rapid aviation recovery lead to flight crew gaps
A cabin blowout at 16,000 feet and the grounding of more than 170 Boeing jets have rekindled frustration among airlines over the planemaker's struggle to contain a series of safety and supply crises, industry officials and experts said. Alaska Airlines, which operated Friday's domestic U.S. flight, and United Airlines together have 70% of the MAX 9 fleet and have canceled hundreds of flights. Boeing CEO Dave Calhoun on Tuesday acknowledged mistakes and told staff he and many customers had been "shaken to the bone."