US American Airlines extends cancellations of 737 MAX flights
737 Max lawsuit suggests parallels to 1990s crashes
A lawsuit filed by the former inspector general of the Department of Transportation accuses Boeing in a new lawsuit of repeatedly concealing design flaws in its aircraft and blaming pilots in the aftermath of crashes. © JASON REDMOND/AFP/AFP/Getty Images A worker is pictured next to a Boeing 737 MAX 9 airplane on the tarmac at the Boeing Renton Factory in Renton, Washington on March 12, 2019. - US President Donald Trump on March 13, 2019, announced a plan to ground all Boeing 737 MAX aircraft amid intense international and political pressure following the second deadly crash in less than five months.
Video by CNBC
American Airlines on Wednesday extended cancellations of Boeing 737 MAX flights through Jan. 15, running contrary to the U.S. plane maker's promises that the grounded jets would be flying again before year's end.
The largest U.S. airline, which had previously canceled about 140 flights a day through Dec. 3, upped its estimate for the impact of the groundings on third-quarter pretax profit to $140 million, $15 million more than a previous estimate.
Amsterdam-bound flight makes emergency landing in Maine
BANGOR, Maine (AP) — A United Airlines flight with more than 200 people aboard has made an emergency landing in Maine. A United spokesman says a cabin pressure issue diverted the Amsterdam-bound Flight 986 that had left San Francisco on Sunday afternoon to land in Bangor early Monday, local time.
Its shares, down about 16% in a rough year for airlines, rose, however, on the company's statement that lower fuel costs had boosted margins in the third quarter. Boeing shares, buffetted this week by conflicting signals on European regulators' attitude to the MAX, were also marginally higher.
In July, American said full-year profit would be reduced by about $400 million if the MAX remained grounded through Nov. 2, and that figure is likely to increase now with a spillover effect into 2020.
Boeing's sales numbers on Tuesday also showed that by the end of September it had delivered only half the number of aircraft it did in the same period of 2018.
Regulators are still reviewing proposed software changes to the grounded plane with no certain timetable for the jet's return.
Boeing to invest $20 million in Virgin Galactic
LOS ANGELES (AP) — Boeing plans to invest $20 million in Virgin Galactic, looking at possibilities beyond the space tourism company's immediate goal of launching passengers on suborbital flights as early as next year. The companies announced the investment Tuesday, saying they will work together on broadening commercial access to space and transforming global travel technologies. The sum is a fraction of the $1 billion Virgin Galactic says it has invested in its program, but Boeing called it a strategic investment rather than about a specific craft that would enable high-speed, point-to-point transportation around the world.
American, which canceled 9,475 flights in the third quarter, said it expects to gradually resume MAX flights starting Jan. 16, adding that software updates could lead to the Federal Aviation Administration's (FAA) "recertification of the aircraft later this year and resumption of commercial service in January 2020."
The FAA said Wednesday it was "following a thorough process, not a prescribed timeline, for returning the Boeing 737 Max to passenger service. The FAA will lift the aircraft's prohibition order when it is deemed safe to do so."
The fast-selling 737 MAX has been grounded worldwide since mid-March while Boeing updates flight control software at the center of two crashes in Indonesia and Ethiopia that together killed 346 people within a span of five months.
Among other U.S. airlines that operate the MAX, Southwest Airlines Co has canceled flights through Jan. 5 and United Airlines Holdings Inc until Dec. 19.
Boeing 737 MAX flights to resume in January, American Airlines announces
This story has been updated to reflect Southwest Airlines' response. Fort Worth-based American Airlines announced that the Boeing 737 MAX is expected to return to service on Jan. 16, 2020. In a statement to WFAA, American said it “anticipates that the impending software updates to the Boeing 737 MAX will lead to recertification of the aircraft later this year and resumption of commercial service in January 2020. We are in continuous contact with the Federal Aviation Administration (FAA) and Department of Transportation (DOT).”Beginning Jan.
An ongoing regulatory safety review means a key 737 MAX certification test flight is unlikely before November, Reuters reported Tuesday. Boeing has repeatedly said it hopes to resume flights in the fourth quarter, which began on Oct. 1.
FAA Administrator Steve Dickson told Reuters in September the agency would need about a month following the yet-to-be scheduled certification test flight before the planes could return to service.
Boeing plans to revise the 737 MAX software to take input from both of its angle-of-attack sensors in the anti-stall system linked to the two deadly crashes and has added additional safeguards. Boeing is also addressing a flaw discovered in the software architecture of the 737 MAX flight-control system that involves using and receiving input from the plane's two flight control computers rather than one.
Meanwhile, airlines that had purchased the fuel-efficient MAX have canceled thousands of monthly flights as they scramble to meet demand with slimmer fleets, eating in to profit and hurting some growth plans.
On Monday, the Southwest Airlines Pilots Association sued Boeing alleging that the planemaker "deliberately misled" the airline and pilots about its 737 MAX aircraft. The grounding of the 737 MAX has wiped out more than 30,000 Southwest Airlines flights, causing over $100 million in lost wages for pilots, the union said. Boeing said the suit is "meritless."
Fort Worth, Texas-based American, with 24 MAX jets at the time of the grounding and dozens more on order, said it expects to resume about 20 MAX flights a day in mid-January and plans to slowly return the MAX into commercial service throughout January and into February.
French Border Blocked as Catalan Protesters Begin Strike .
Pro-independence protesters blocked Spain’s main highway across the French border as a general strike got underway throughout the Catalonia region, channeling outrage at jail sentences handed down to separatist leaders earlier this week. © Photographer: Jeff J Mitchell/Getty Images Europe BARCELONA, SPAIN - OCTOBER 17: Protesters take to the streets to demonstrate after the Spanish Supreme Court sentenced nine Catalan separatist leaders to between 9 and 13 years in prison for their role of the 2017 failed Catalan referendum on October 17, 2019 in Barcelona, Spain.
American Airlines extends cancellations on 737 MAX flights
American Airlines says it will extend cancellations on 90 flights a day through to June 5 following the grounding of the Boeing 737 MAX aircraft over two deadly ...
American Airlines extends Boeing 737 Max cancellations
Morning Business Outlook: American Airlines is extending cancellations of Boeing 737 Max flights through September 3; new survey shows more than half of pet ...