Boeing Max crisis forces airlines to cut flights, pause hiring, CEOs say
Publishing timestamp: 2024-03-13 08:52:43
Summary
Boeing's delivery delays are impacting airlines' growth plans, with Southwest, Alaska, and United all experiencing issues. Boeing's quality control problems and slow output increase are causing major customers to rethink their plans. Southwest has trimmed its capacity forecast, Alaska's estimates are uncertain, and United is asking Boeing to stop building Max 10 planes. Boeing is working to address quality control issues, but the impact on airlines is significant.
Sentiment: NEGATIVE
Keywords: alaska air group inc, southwest airlines co, transportation, boeing co, united airlines holdings inc, travel, breaking news: business, life, aerospace and defense industry, business, airlines, business news,
Source: https://www.cnbc.com/2024/03/12/boeing-max-problems-shift-growth-plans-at-southwest-united.html