Embattled airplane manufacturer Boeing said it’s overhauling its bonus structure to tie payouts more closely to safety — its latest move to prioritize quality over profits as it looks to recover from the reputational crisis caused by a midair door-plug blowout.The new structure will apply to Boeing’s nonunion workforce of more than 100,000 staffers, including managers and executives, according to an internal memo obtained by The Wall Street Journal.The note, which was first circulated among employees, said ...

United Airlines will pause pilot hiring in May and June due to aircraft delivery delays from Boeing, according to a memo seen by Reuters.“United will slow the pace of pilot hires this year due to continued aircraft certification delay and manufacturing delays at Boeing,” the memo shared with all pilots said Thursday.Boeing is facing increased scrutiny due to a Jan. 5 incident when a door plug blew off a brand new 737 MAX plane mid-flight.United Airlines is pausing pilot hiring in May and June. Christopher S ...

In the latest trading session, Alaska Air Group (ALK) closed at $36.96, marking a -0.67% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.51%. Elsewhere, the Dow saw an upswing of 0.2%, while the tech-heavy Nasdaq appreciated by 0.58%.Coming into today, shares of the airline had gained 3.39% in the past month. In that same time, the Transportation sector gained 3.82%, while the S&P 500 gained 2.94%.Analysts and investors alike will be keeping a close eye on the p ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Jennifer Homendy, Chair of the U.S. National Transportation Safety Board (NTSB), testifies before the Senate Commerce, Science and Transportation Committee. The head of the federal investigation into a troubled January flight on a Boeing 737 MAX jet blasted the aviation giant on Wednesday for not providing key information quickl ...

Boeing has refused to tell investigators who worked on the door plug that later blew off a jetliner during flight in January, the chair of the National Transportation Safety Board said Wednesday.The company also hasn’t provided documentation about a repair job that included removing and reinstalling the panel on the Boeing 737 Max 9 — or even whether Boeing kept records — Jennifer Homendy told a Senate committee.“It’s absurd that two months later we don’t have that,” Homendy said. “Without that information, ...

The Federal Aviation Administration said the agency’s 737 MAX production audit into Boeing and supplier Spirit AeroSystems found multiple instances where the companies allegedly failed to comply with manufacturing quality control requirements.The FAA also said it found “non-compliance issues in Boeing’s manufacturing process control, parts handling and storage, and product control.” The agency on Monday released a summary of its findings to the companies in its completed audit but did not make that public b ...

Three passengers are suing Alaska Airlines and Boeing for $1 billion.The law firm said the "preventable incident" jeopardized the lives of 180 people. It follows a class-action lawsuit filed in January on behalf of 14 passengers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up ...

Alaska Air Group's (ALK) shareholder-friendly approach and upbeat air travel demand bode well. However, high costs are hurting the bottom line.Factors Favoring ALKBoosted by strong air travel demand and favorable pricing, Alaska Air's revenues surged 8% year over year in 2023, with passenger revenues also marking an 8% increase for the year.Alaska Air's efforts to modernize its fleet bode well. The impending $1.9 billion acquisition of Hawaiian Holdings (HA) will bolster its fleet size further if the deal t ...

Alaska Air Group (ALK) ended the recent trading session at $38.65, demonstrating a -1.85% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.04% for the day. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.28%.Shares of the airline witnessed a gain of 5.24% over the previous month, beating the performance of the Transportation sector with its gain of 4.15% and the S&P 500's gain of 5.01%.The ...

Boeing said the head of its 737 Max program is leaving as it continues to grapple with fallout over the midair door blowout on an Alaska Air flight last month.Ed Clark, who led Boeing’s troubled department that also oversees the production of its embattled Max 9 model, is leaving immediately, Stan Deal, the chief executive of the commercial airplanes unit, said in a Wednesday memo to employees obtained by The Post.According to his LinkedIn, Clark’s exit caps off a nearly 15-year stint at the Seattle-based f ...