“We’re obviously disappointed to see the return to service date likely moving back,” American Airlines CEO Doug Parker says about the 737 Max. Despite the ongoing grounding, American posted higher profits in Q4.
American Airlines posted per-share earnings slightly ahead of expectations despite issues with the grounded Boeing 737 Max., American is grappling with the nearly yearlong grounding of the 737 Max. American said it canceled 10,000 flights in the fourth quarter alone. Boeing this week said it doesn't expect regulators to sign off on the planes until midyear , meaning airlines won't have the planes in time for the lucrative summer season. But the jet's grounding was not American's only problem in 2019. Operational struggles forced it to cancel or delay thousands of flights. "While our results for the quarter reflect this progress, we know there is more work to be done," CEO Doug Parker said in a press release announcing the results. The company will focus on improving its operations, fortifying its hub airports and driving up cash flow, he added. American reported earnings per share of $1.15 on an adjusted basis, a penny higher than average analysts' estimates compiled by FactSet. The airline expects to earn between $4 and $6 a share in 2020, in line with Wall Street forecasts. Related Tags Read more: CNBC
Nobody is upset the return to service date got pushed back. Push it back even farther Only a fool would buy a tix on the 737 Max.
American Airlines' profits jump despite Boeing 737 Max problems“We’re obviously disappointed to see the return to service date likely moving back,” American Airlines CEO Doug Parker says about the 737 Max. Despite the ongoing grounding, American posted higher profits in Q4.
United Airlines Reports Stronger Profit, RevenueUnited Airlines reported higher profit in the latest quarter on stronger revenue and lower fuel costs, despite challenges from the grounding of Boeing’s 737 MAX. And by cutting back on treating passengers like human beings Can they park all of these grounded 737 Max planes on golf courses and turn them into low income housing? 🤔 Give up the max air people can hardly trust that plane
Southwest Airlines profits tumble after Boeing 737 Max grounding drove up costs“We need to get this thing done and get the Max back up in the air.” Southwest Airlines CEO Gary Kelly says there needs to be transparency and strong performance for passengers to feel confident in the safety of Boeing’s 737 Max. Let’s have the CEO’s and the Boeing execs and engineers test drive it for a few months.
Southwest Airlines beat earnings estimates despite hit from grounded Boeing 737 MaxSouthwest Airlines beat fourth-quarter estimates.
Southwest Airlines fourth-quarter profit fell 21% after Boeing 737 Max grounding drove up costsSouthwest Airlines fourth-quarter profits tumbled more than 21% because of additional costs related to the grounded Boeing 737 Max.
American Airlines posts slight earnings beat despite Max problems