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 ...

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 Problem. Look at These Stocks. ...

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 ...

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 ...

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 ...

The missing door plug that was torn off from an Alaska Airlines flight while in the air has been found by a school teacher.Pilots were forced to perform an emergency landing on Saturday after a hole was ripped into the side of the Boeing 737 Max 9 plane. The National Transportation Safety Board says the door plug - where the hole was made - has now been recovered by a school teacher from Portland called Bob.This breaking news story is being updated and more details will be published shortly.Please refresh t ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing CEO David Calhoun is calling for a companywide meeting to address the company's response to Friday's Alaska Airlines incident where a piece of the fuselage of a Boeing 737-9 MAX blew out du ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-8957 ALASKA AIR GROUP, INC. Delaware 91-1292054 (State of Incorporation) (I.R.S. Employer Identification No.) 19300 International Boulevard ...

Financial Data and Key Metrics Changes - The company reported a GAAP net income of $139 million for Q3 2023, with an adjusted net income of $237 million excluding special items and mark-to-market fuel hedge adjustments [3][4] - Adjusted EPS was $1.83, and the adjusted pre-tax margin was 11.4% [22][23] - Unit costs decreased by nearly 5% year-over-year, with CASMex down 4.9% [6][23] Business Line Data and Key Metrics Changes - Total revenues reached $2.8 billion, up 0.4% year-over-year, with a 13.7% increase in capacity [11] - Unit revenues were down 11.7% compared to 2022 but up 12.2% compared to 2019 [11] - Premium cabin revenues increased by 10%, and premium class revenues were up 6% year-over-year [15] Market Data and Key Metrics Changes - The company faced a $20 million revenue impact from the Maui wildfires, which affected bookings significantly [12] - Bookings to Maui were down 45% in September compared to the previous year, although recovery began at the end of August [12][13] - The company expects a revenue impact of approximately $18 million in Q4 due to ongoing recovery efforts in Maui [13] Company Strategy and Development Direction - The company aims to maintain a disciplined growth strategy, with a focus on optimizing capacity and moderating growth in response to higher fuel costs [9][20] - The transition to a single fleet of Boeing aircraft is expected to enhance operational efficiencies moving into 2024 [8][27] - The company is focused on diversifying revenue streams, with 45% of revenue generated outside the main cabin [9][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged near-term headwinds from rising crude oil prices and refining margins, particularly on the West Coast [7][28] - Despite challenges, management remains confident in the long-term fundamentals of the business, citing strong operational performance and cost management [8][22] - The company anticipates a full-year adjusted pre-tax margin of 7% to 8%, revised down due to fuel price impacts [29] Other Important Information - The company generated approximately $270 million in cash flow from operations during the quarter, with total liquidity standing at $3 billion [24] - The company has revised its full-year CapEx expectation to $1.7 billion for 2023 [24] - The company reached a tentative agreement with aircraft technicians and is in negotiations with flight attendants [26] Q&A Session Summary Question: What shifted in September regarding bookings? - Management noted that bookings were negatively impacted by the Maui wildfires and a transition from peak summer demand to more traditional business travel patterns [32] Question: How are Hawaii bookings performing? - Maui bookings are significantly down, while other Hawaiian islands are seeing some stability, albeit softer than historical levels [34][36] Question: What are the contributors to sequential revenue improvement? - The company has adjusted capacity in response to demand trends, which has positively impacted revenue performance [39] Question: What is the outlook for capacity growth in 2024? - The company is evaluating growth plans within a 4% to 8% range, with a focus on managing capacity prudently [40][42] Question: How is the company addressing network optimization? - Management is focusing on aligning aircraft supply with demand, particularly in high-frequency routes, to improve operational efficiency [48] Question: What are the key headwinds impacting capacity growth plans? - Fuel costs are a significant concern, particularly due to higher refining margins on the West Coast [62]