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: Southwest Airlines Boeing 737 lands at Manchester Boston Regional Airport, June 2, 2023, in Manchester, N.H. Southwest Airlines reports their earnings on Thursday, Jan. 25, 2024. Credit: AP Photo/Charles Krupa, File Alaska Airlines said Thursday that the grounding of its Boeing 737 Max 9 jetliners will reduce full-year profit by ...

Alaska Air Group, Inc. (ALK) reported fourth-quarter 2023 earnings per share (EPS) of 30 cents, which beat the Zacks Consensus Estimate of 18 cents but declined 67.4% year over year.Operating revenues of $2,553 million missed the Zacks Consensus Estimate of $2,548.1 million. The top line jumped 3% year over year, with passenger revenues accounting for 91.1% of the top line and increasing 3% owing to continued recovery in air-travel demand.Passenger revenues totaled $2,326 million in the reported quarter. On ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

For the quarter ended December 2023, Alaska Air Group (ALK) reported revenue of $2.55 billion, up 3% over the same period last year. EPS came in at $0.30, compared to $0.92 in the year-ago quarter.The reported revenue represents a surprise of +0.19% over the Zacks Consensus Estimate of $2.55 billion. With the consensus EPS estimate being $0.18, the EPS surprise was +66.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024.Alaska Airlines said Thursday that the weekslong grounding of the Boeing 737 Max 9 will cost the carrier $150 million.The Federal Aviation Administration grounded the planes a day after a door plug blew out during an Alaska flight on Jan. 5. Late Wednesday the agency said it approved inspection instructions that would al ...

Alaska Air Group Inc. ALK, -0.03%, which was at the heart of the issues surrounding the grounding of Boeing Co.’s BA, +1.24% 737 Max 9 planes, said Thursday it was “preparing to complete” the final inspections of all of those planes in its fleet. Regarding the Boeing 737-900ER model planes, which the Federal Aviation Administration said should also be “visually” inspected, Alaska Air said it has completed inspections of all those aircraft it has, “with only one minor finding which was immediately corrected ...

Boeing Co.’s shares moved higher Wednesday as its chief executive arrived in Washington, D.C., for meetings with U.S. lawmakers, but the company’s bonds have not yet recovered from a recent wobble.Boeing BA, +2.24% bonds were hit by concerns after a panel tore off a 737 Max 9 jet flown by Alaska Airlines earlier this month. On Tuesday, United Airlines Holdings Inc.  UAL, +0.91% said it was rethinking its longer-term plans around Boeing’s upcoming Max 10, the biggest 737 Max jet to date, after the government ...

SEATTLE, WASHINGTON - JANUARY 6: An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at ... [+] Seattle-Tacoma International Airport on January 6, 2024 in Seattle, Washington. Alaska Airlines grounded its 737 MAX 9 planes after part of a fuselage blew off during a flight from Portland Oregon to Ontario, California. (Photo by Stephen Brashear/Getty Images)Getty Images Boeing’s BA MAX troubles continue as the two customers most affected by the “door plug” fault on the 737-9 MAX aircraft and the Federal A ...

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: Alaska Airlines' chief executive said an in-house inspection had found many of its 737 MAX 9 aircraft had loose bolts. Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft. The Federal Aviation Admi ...

Boeing’s problems continue to mount with reports overnight of a front wheel falling off a plane at Atlanta airport, while the chief executive of Alaska Airlines slammed the plane maker's production processes. Alaska Airlines currently has all its fleet of Boeing 737 MAX 9s grounded after a door blew off one of its flights on 5 January. Ben Minicucci, Alaska Airlines's chief executive, told a US TV station yesterday that internal inspections of its planes had found “many” loose bolts. "My demand on Boeing is ...