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Boeing: 'The 737 Is a Safe Airplane'

  • Boeing: 'The 737 Is a Safe Airplane' Boeing: 'The 737 Is a Safe Airplane' 0:44
    Ethiopian Airlines' Boeing 737 MAX 8 Crash: Three Things to Know Ethiopian Airlines' Boeing 737 MAX 8 Crash: Three Things to Know 3:25
2:11 p.m. Aug. 13, 2019 - Associated Press
Norwegian Air cutting some trans-Atlantic routes due to 737 Max grounding Flights between Ireland, 3 airports in U.S. and Canada to end in SeptemberNorwegian Air says it’s ending trans-Atlantic service between Ireland and three U.S. and Canadian airports because the grounding of Boeing 737 Max aircraft makes the routes “no longer commercially viable.”
8:00 a.m. Aug. 3, 2019 - By Barbara Kollmeyer
The Fed can’t stop a market meltdown, warns forecaster who called the 2008 housing bust Critical information for the U.S. trading dayExpectations over the Fed’s ability to fix all that ails the economy and markets may be running a little too hot, warns our call of the day, from James Stack, president of Stack Financial Management and owner of InvesTech Research.
3:37 a.m. July 31, 2019 - By Andrew Tangel
FAA found high risk of additional cockpit emergencies after first Boeing MAX crash Regulators found it ‘didn’t take that much’ for a malfunction like the one confronted by the plane’s pilotsAn internal risk analysis after the first of two Boeing 737 MAX airliner crashes showed the likelihood was high of a similar cockpit emergency within months, according to a Federal Aviation Administration official familiar with the details and others briefed on the matter.
11:22 a.m. July 25, 2019 - By Tomi Kilgore
Airline stocks dragged down as Boeing 737 Max groundings sully earnings reports American Airline’s stock tumbles amid questions about its raised profit outlook, Southwest’s bounces after 737 Max return pushed backShares of airline companies traded mostly lower Thursday, as a more dire outlook on the groundings of Boeing Co.’s 737 Max planes sullied the earnings reports from Southwest Co. and American Airlines Group Inc.
6:00 a.m. July 25, 2019 - By Tomi Kilgore
Boeing's stock drops again, shaves about 85 points off Dow's priceShares of Boeing Co. took another dive Thursday, and accounted for the bulk of the Dow Jones Industrial Average's decline, after Southwest Airlines Co. pushed out its expected return of the grounded 737 Max fleet to January. Boeing's stock dropped 3.5% in morning trading, after losing 3.1% on Wednesday after . The stock has now shed 7.5% amid a four-session losing streak. The $12.51 price decline on Thursday was shaving about 85 points off the Dow's price, which was down 126 points. Southwest said it will expand the 737 Max-related flight adjustments , while American Airlines Group Inc. said Thursday it was staying at Nov. 2. Separately, Boeing Chief Executive Dennis Muilenburg said the company will consider if its return is delayed beyond the current October forecast.
1:06 p.m. July 24, 2019 - Associated Press
Boeing CEO says production of 737 Max could be suspended Dennis Muilenburg says pause may be needed if fleet is grounded past OctoberBoeing’s CEO says the company will consider temporarily shutting down production of the 737 Max if the plane’s return is significantly delayed beyond the company’s October forecast.
6:54 a.m. July 22, 2019 - By Emily Bary
Big Tech’s antitrust suspects enter earnings spotlight, along with Boeing and Tesla Earnings Watch: Busiest week of the season includes three of the tech companies being investigated by fedsAmid all the talk of antitrust, government regulation and cryptocurrency plans, it might be nice for Big Tech just to focus on earnings this week — unless they are bad, of course.
3:07 a.m. July 19, 2019 - By Claudia Assis
Boeing to see $5.6 billion hit on 737 Max groundings Aircraft maker puts a price tag on 737 Max debacle, and shares riseBoeing Co. said late Thursday it will record an after-tax charge of $4.9 billion, or $8.74 a share, in the second quarter in connection with the 737 Max groundings. That will result in a $5.6 billion dent in revenue and pre-tax earnings in the quarter, the company says.
5:53 a.m. July 18, 2019 - By Greg Robb
Philadelphia Fed manufacturing gauge rebounds in July to highest level in a year Business activity index jumps to 21.8 after a 0.3 reading in JuneThe Philadelphia Fed said Thursday its gauge of business activity in its region rebounded sharply in July after sinking in June to its lowest level in four months.
7:53 a.m. July 16, 2019 - By Jacob Passy
United Airlines and American Airlines cancel more flights as the fallout from the Boeing 737 Max grounding continues Flight cancellations as a result of the situation are now extending into the fall monthsFlight cancellations as a result of the situation are now extending into the fall months.
3:49 p.m. July 14, 2019 - Associated Press
American cancels more flights as Boeing’s 737 Max fleet may stay grounded for longer than expected American extends cancellations until November; WSJ reports jetliner may not return to service until 2020American Airlines said Sunday that it will keep the Boeing 737 Max plane off its schedule until Nov. 3, which is two months longer than it had planned.
2:15 a.m. July 13, 2019 - By Callum Keown
New technology requirement may ground more than 1 in 10 private jets in 2020 It can cost up to $200,000 to outfit planes with ADS-B Out surveillance technology as mandated beginning next year by regulators in U.S., Europe and elsewhereIt can cost up to $200,000 to outfit planes with ADS-B Out surveillance technology as mandated beginning next year by regulators in U.S., Europe and elsewhere.
12:29 p.m. July 3, 2019 - Associated Press
Boeing to pay $100 million to families, communities victimized by 737 Max crashes Airplane maker still faces dozens of lawsuitsBoeing said Wednesday that it will provide an “initial investment” of $100 million over several years to help families and communities affected by two crashes of its 737 Max plane that killed 346 people.
3:50 p.m. June 27, 2019 - Associated Press
Boeing hopes to have software fix to 737 Max completed in September Southwest pulls grounded jets from its schedule through Oct. 1Boeing says it expects to finish work on updated flight-control software for the 737 Max in September, a sign that the troubled jet likely won’t be flying until late this year.
4:02 p.m. June 26, 2019 - Associated Press
Return of Boeing’s 737 Max delayed by new computer problem FAA pilots find new flaw in plane’s software system during flight simulatorA new computer problem has been found in the troubled Boeing 737 Max that will further delay the plane’s return to flying after two deadly crashes, according to two people familiar with the matter.
3:41 a.m. June 18, 2019 - By Tomi Kilgore
Boeing's stock climbs, after commitments for Dreamliners announcedShares of Boeing Co. rose 1.1% in premarket trading Tuesday, after the aerospace and defense giant announced a commitment from aircraft leasing company Air Lease Corp. to buy five 787-9 Dreamliners valued at $1.5 billion. "We are thrilled that ALC has decided to add more 787 Dreamliners to its elite portfolio of airplanes that they place with customers across the globe," said Ihssane Mounir, senior vice president of commercial sales and marketing at Boeing. This follows an announcement at the Paris Air Show earlier Tuesday from Boeing, Korean Air and Air Lease (ALC) that Korean Air has committed to buying 10 new 787-10s and 10 additional 787-9 airplanes valued at $6.3 billion, and will lease 10 787-10s from ALC. Boeing's stock has gained 10.1% year to date through Monday and Air Lease shares have rallied 28.0%, while the Dow Jones Industrial Average has advanced 11.9%.
2:30 a.m. June 17, 2019 - By Robert Wall
Airbus goes after Boeing with A321neo upgrade for trans-Atlantic service to smaller cities Airbus says at Paris Air Show that the A321XLR is expected to enter service in 2023Airbus SE on Monday said it plans to develop its longest-range single-aisle plane yet, adding pressure on rival Boeing Co., which plans a jet for the same market but is distracted by its 737 MAX crisis.
12:07 p.m. June 16, 2019 - Associated Press
Boeing CEO admits ‘mistake’ in how company handled warning-system problem Dennis Muilenburg confident 737 Max will return to skies this year, says Boeing will restore trustThe chief executive of Boeing said the company made a “mistake” in handling a problematic cockpit warning system in its 737 Max jets before two crashes killed 346 people and he promised transparency as the aircraft maker works to get the grounded plane back in flight.
6:57 a.m. June 15, 2019 - By Jacob Passy
Companies like Uber are getting into the helicopter business — are the skies ready? Lawmakers are calling for tighter regulation of helicopter operators following a deadly crash in ManhattanLawmakers are calling for tighter regulation of helicopter operators following a deadly crash in Manhattan.
2:03 p.m. June 11, 2019 - Associated Press
Boeing jetliner deliveries plunge as 737 Max remains grounded Airliner deliveries in May down 56% year over yearWith the 737 Max jet still grounded after two deadly crashes, deliveries of new Boeing jets are falling far behind last year’s pace.
2:34 p.m. June 2, 2019 - By Andy Pasztor
FAA identifies potentially defective parts on more than 300 Boeing 737 jets FAA says no imminent hazard after plane maker alerted it to manufacturing problem U.S. air-safety regulators said parts inside the wings of more than 310 of Boeing Co.’s 737 jets, including grounded Max models, may be defective and need to be replaced.
12:43 p.m. May 29, 2019 - Associated Press
Ethiopian Airlines pilot warned more training was needed weeks before deadly 737 Max crash Emails argued crews didn’t know how to properly react to anti-stall system malfunctionJust days after a Lion Air Boeing 737 Max nosedived in Indonesia and killed all 189 people aboard, an Ethiopian Airlines pilot began pleading with his bosses for more training on the Max, warning that crews could easily be overwhelmed in a crisis and that one of their planes could be the next to go down.
6:30 p.m. May 22, 2019 - Associated Press
FAA chief: No timetable for return of 737 Max, public will regain confidence Daniel Elwell says planes won’t fly again until they’re safePublic confidence in Boeing’s 737 Max jet is “maybe” shaken after two deadly crashes but that will eventually change, said the chief of the Federal Aviation Administration.
2:41 p.m. May 22, 2019 - Associated Press
United CEO say’s he’ll be on first 737 Max flight once it’s cleared Oscar Munoz hopes to ease customers’ safety fearsCEO Oscar Munoz says he will be aboard United Airlines’ first flight of a Boeing 737 Max once regulators agree to let the aircraft fly again.
3:26 p.m. May 21, 2019 - By Alison Sider
Boeing dismissed scenario that may have caused Ethiopia Airlines crash Top official said well-trained pilots could avoid potential danger after bird strikeFour weeks after faulty sensor data led a 737 Max jet to crash in Indonesia last year, a high-ranking Boeing Co. executive raised and dismissed the possibility of a bird collision triggering a similar sequence of events that could cause a second accident.
3:01 p.m. May 20, 2019 - Associated Press
American Airlines sues mechanics unions, accuses workers of slowdown Airline says mechanics have caused hundreds of delayed, cancelled flightsAmerican Airlines is accusing its mechanics and their unions of conducting an illegal work slowdown to gain leverage in contract talks, and the airline is asking a federal judge to stop the activity.
1:54 p.m. May 20, 2019 - By Robert Wall
Ryanair warns its profits will be hurt by Boeing 737 Max grounding Budget airline expected to receive first Max planes this springRyanair Holdings PLC, Europe’s biggest budget airline and the region’s largest customer for Boeing Co.’s 737 Max jets, warned profit would be dented this year by the plane’s global grounding.
5:04 a.m. May 15, 2019 - Associated Press
FAA leaders set to testify Wednesday about Boeing 737 Max regulation and safety Dallas Morning News is reporting that American Airlines pilots pressed Boeing shortly after the first Max crash on a potential grounding of the planes and also sought a quick software fixWith Congress stepping up its investigation into the troubled Boeing 737 Max airliner and how it passed regulatory safety checks, the head of the Federal Aviation Administration will appear before a House aviation panel.
11:00 a.m. May 14, 2019 - By Claudia Assis
China threatens to reduce Boeing orders, but analyst says options are limited Chinese airlines are stuck with Boeing, analyst saysDespite trade-war talks and the 737 Max grounding, Chinese airlines, like their U.S. counterparts, are also largely stuck with Boeing Co. as the Chinese commercial airline industry grows, an analyst says.
5:04 p.m. May 5, 2019 - By Andy Pasztor
Boeing kept quiet about 737 Max safety-alert problem for about a year Company didn’t become more forthcoming until after second crashBoeing Co. didn’t share information about a problem with a cockpit safety alert for about a year before the issue drew attention with the October crash of a 737 Max jet in Indonesia, and then gave some airlines and pilots partial and inconsistent explanations, according to industry and government officials.
3:49 p.m. May 5, 2019 - Associated Press
Jetliner in Russia lands engulfed in flames, death toll rises to at least 40 Dozens of passengers escape onto Moscow airport tarmacAt least 40 people were killed Sunday in a fiery airplane accident at Moscow’s Sheremetyevo Airport, a spokeswoman for the Russian Investigative Committee said.
3:06 a.m. May 3, 2019 - By Andrew Tangel
Boeing’s own pilots lacked key details of 737 MAX flight-control system in tests Culture of collaboration between test pilots, engineers deteriorated in later stages of development, insider tells the Wall Street JournalBoeing Co. limited the role of its own pilots in the final stages of developing the 737 MAX flight-control system implicated in two fatal crashes, departing from a longstanding practice of seeking their detailed input, people familiar with the matter said.
4:44 a.m. April 30, 2019 - Associated Press
Boeing defends safety record as federal investigators and Congress weigh information from whistleblowers At shareholder meeting and news conference in Chicago, CEO Muilenburg accepts only partial blame for deadly 737 Max crashesCEO Muilenburg accepts only partial blame for deadly 737 Max crashes in Indonesia and Ethiopia.
3:29 a.m. April 30, 2019 - By Claudia Assis
Boeing faces shareholders amid renewed concern about 737 Max jets Boeing failed to inform 737 customer Southwest Airlines that a safety feature had been disabled on certain jetsBoeing Co. is in the hot seat with investors amid worries of a heightened 737 Max backlash after news that it left one of its main customers and a storied 737 backer in the dark about a safety feature.
7:41 p.m. April 29, 2019 - By Andy Pasztor
Boeing says additional 737 Max software glitch made some safety alerts inoperable New disclosure suggests Boeing, FAA had missed the problem 2 years agoBoeing Co. on Monday said certain safety alerts on its 737 Max jets didn’t operate as airlines would have anticipated because of a previously undisclosed error on its part.
1:42 p.m. April 29, 2019 - By Nina Trentmann
Ripple effect from 737 Max’s grounding weighs on Boeing suppliers More than 600 companies supply more than 3 million parts for the jetlinerReliant on Boeing orders, executives of the 600-plus companies that supply more than 3 million parts to make the beleaguered jet are bracing for potential changes to production levels should the aircraft remain grounded beyond the summer.
3:13 p.m. April 28, 2019 - By Andy Pasztor
Boeing didn’t tell Southwest that 737 Max safety feature had been turned off Biggest buyer of 737 Max unaware of change until after Indonesia crashPlane maker Boeing Co. didn’t tell Southwest Airlines Co. when the carrier began flying 737 Max jets in 2017 that a standard safety feature, found on earlier models and designed to warn pilots about malfunctioning sensors, had been deactivated.
3:49 a.m. April 26, 2019 - By Tomi Kilgore
American Airlines' stock sinks after profit beat expectations, but guidance was loweredShares of American Airlines Group Inc. sank 3.2% in premarket trade Friday, after the air carrier reported first-quarter earnings and load factor that beat expectations, but lowered its full-year profit outlook. Regarding the grounding of its 737 MAX fleet, made by Boeing Co. , the company said it expects a $350 million negative impact on 2019 earnings, assuming the flight cancellations extend through Aug. 19. For the latest quarter, net income rose to $185 million, or 41 cents a share, from $159 million, or 34 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted EPS was 52 cents, above the FactSet consensus of 50 cents. Total revenue rose 1.8% to $10.58 billion, in line with the FactSet consensus of $10.60 billion. Load factor increased to 82.2% from 80.4%, beating expectations of 80.5%, as traffic growth of 3.5% outpaced capacity growth of 1.3%. Total revenue per available seat mile (TRASM) rose 0.5% to 15.87 cents. American cut its 2019 adjusted EPS guidance range to $4.00 to $6.00 from $5.50 to $7.50. The stock has gained 4.1% year to date through Thursday, while the NYSE Arca Airline Index has rallied 11.7% and the S&P 500 has climbed 16.7%.
5:32 a.m. April 24, 2019 - By Barbara Kollmeyer
Don’t be ‘fooled’ by these fresh highs for stocks, warns analyst Critical information for the U.S. trading day Our call of the day says investors should take care as the stock market sets out new highs, because a big group of investors is sitting on the sidelines, waiting to cash in on a fall.
2:08 a.m. April 22, 2019 - By Mike Murphy
Safety concerns reportedly raised about another Boeing jet, the 787 DreamlinerSafety concerns are being raised about a second airplane made by Boeing Co., the 787 Dreamliner, according to Saturday. The jetliner's South Carolina factory "has been plagued by shoddy production and weak oversight that have threatened to compromise safety," the Times said. The report cited numerous internal documents, federal records and interviews, and described a workplace culture that often favored increased production over quality and safety, despite complaints from workers. "I've told my wife that I never plan to fly on it," one Dreamliner technician told the Times. "It's just a safety issue." The safety of another Boeing jetliner, the 737 Max, already been questioned after two recent crashes. Shares of Boeing fell 1.3% in premarket trading on Monday.
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