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Boeing and Key Supplier Spirit Hit Hard After Alaska Air Blowout
InvestorPlace· 2024-01-08 19:39
Thankfully, no passengers or crew of Alaska Airlines Flight 1282 were critically injured after the frightening blowout of a plug door and piece of fuselage from the 737-9 MAX jet Friday night, which forced the plane to make an emergency landing in Portland, Oregon. Investors in Alaska Air Group (NYSE:ALK) didn’t seem too concerned about the incident either. Shares of Alaska Air were flat in midday trading. But it was another story for Boeing (NYSE:BA) and one of its key suppliers.Boeing, which makes the 737 ...
AAR's stock bounces off lows after saying it had no part in the Alaska Airlines Boeing 737 Max 9 incident
Market Watch· 2024-01-08 18:50
Shares of AAR Corp. AIR, -3.53% were down 2.7% in afternoon trading, but pared earlier losses of as much as 8.3%, after the provider of aviation services said it had no part in the incident on the Alaska Air Group Inc.’s ALK, -0.65% flight that led to the grounding of some Boeing Co.’s BA, -7.02% 737 Max 9 planes. Still, the stock was headed for its eighth-straight loss, which would be the longest such streak since the eight-session stretch that ended June 16, 2016. “AAR did not perform any work on or near ...
Wall Street Waits for Key Inflation Data
Zacks Investment Research· 2024-01-08 17:47
We start another new week of trading looking at a backloaded set of data: the consequential Consumer Price Index (CPI) comes out this Thursday, followed by the Producer Price Index (PPI) for Friday — both reflecting results from December. We’ll also see a slow trickle of quarterly earnings reports this week until the spigot opens Friday morning with Q4 results from some of the biggest Wall Street banks: JPMorgan (JPM) , Citigroup (C) , Bank of America (BAC) and Wells Fargo (WFC) .Markets have moderated nota ...
Trading Week Backloaded with CPI, PPI, Q4 Earnings
Zacks Investment Research· 2024-01-08 17:03
We start another new week of trading looking at a backloaded set of data: the consequential Consumer Price Index (CPI) comes out this Thursday, followed by the Producer Price Index (PPI) for Friday — both reflecting results from December. We’ll also see a slow trickle of quarterly earnings reports this week until the spigot opens Friday morning with Q4 results from some of the biggest Wall Street banks: JPMorgan (JPM) , Citigroup (C) , Bank of America (BAC) and Wells Fargo (WFC) .Markets have moderated nota ...
Alaska Airlines Boeing Probe: What We Know
WSJ· 2024-01-08 16:47
A section of the aircraft ripped off midair in the incident. Photo: Elizabeth Le/Associated PressIt has been more than two days since Alaska Airlines Flight 1282 made an emergency landing after a section of the aircraft ripped off midair, leaving a hole in the plane at 16,000 feet. Here’s what we know so far about an investigation that officials from the National Transportation Safety Board kicked off into the incident.At this point, the probe is focused on the Alaska incident and not on a broader set of ai ...
Airlines' Bumpy Start to 2024: Alaska Air's (ALK) Boeing Mess
Zacks Investment Research· 2024-01-08 15:32
Alaska Airlines, the wholly-owned subsidiary of Alaska Air Group (ALK) , grabbed headlines early in 2024 but for the wrong reasons. A Boeing 737 Max 9 aircraft, operated by Alaska Airlines, had to make an emergency landing on Jan 5 at Portland International Airport following a mid-air scare.Alaska Airlines’ Ontario, CA-bound flight (1282) saw a panel and window being blown out of the Boeing 737 MAX 9 jet shortly after takeoff from Portland. The rapid loss of cabin pressure caused oxygen masks to drop. The f ...
Alaska Airlines Isn't the Only Carrier Exposed to the MAX 9 Jet. Look at These Stocks.
Barrons· 2024-01-08 15:09
Alaska Airlines Isn’t the Only Carrier Exposed to the MAX 9 Problem. Look at These Stocks. ...
ALK Stock Falls After Alaska Air Flight Blowout
InvestorPlace· 2024-01-08 14:53
Alaska Air Group (NYSE:ALK) stock fell 4.4% over the weekend after a door plug blew off one of the Boeing 737 MAX 9 jets it flies. The incident resulted in hundreds of flight cancellations.Boeing (NYSE:BA) was hit even harder, falling 7% in overnight trading.AA Flight 1282 landed safely in Portland, Oregon, although several passengers required treatment. But the impact on air travel and Boeing may continue for some time.Alaska Air has grounded its fleet of 737 MAX 9 planes pending investigations and inspect ...
Jet Door Blown Off Alaska Airlines Plane Is Found In Oregon Schoolteacher's Backyard
Forbes· 2024-01-08 11:43
ToplineA schoolteacher in Oregon has found a “key missing component” from the Alaska Airlines jet that blew open mid-flight last week, the National Transportation Safety Board (NTSB) announced Sunday, an important step towards understanding what happened as U.S. airlines ground dozens of aircraft over safety concerns.An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport in ... [+] Seattle, Washington.Getty Images Key FactsA Portland schoolteacher has found the miss ...
What to know about the Alaska Airlines 737 Max 9 jet that suffered a blowout
TechXplore· 2024-01-08 09:05
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 N704AL, a 737 Max 9 which made an emergency landing at Portland International Airport after a part of the fuselage broke off mid-flight on Friday, is parked at a maintenance hanger in Portland, Ore., Saturday, Jan. 6, 2024. Credit: AP Photo/Craig Mitchelldyer An emergency landing by an Alaska Airlines jetliner ha ...