The midair incident in January involving a door panel blowing off an Alaska Air Group Inc (NYSE:ALK) operated Boeing Co. (NYSE:BA) 737 MAX 9 jet, leading the carrier to ground its MAX 9 fleet has had a domino effect on all aspects of aviation industry.
This single incident has led to inflating costs for those dependent on Boeing and straining airlines' operations, reported Reuters.
The resulting slowdown in Boeing's MAX deliveries has hurt earnings for airlines like Southwest Airlines Co (NYSE:LUV) and various suppliers, while also causing inconvenience and stranding passengers.
Also Read: Judge Allots Time For Boeing 737 MAX Crash Victims' Relatives To Object Plea Deal: Report
Southwest Airlines and other carriers have had to fly fewer routes and face increased costs. With a significant impact on its earnings, Southwest has decided to focus on more profitable markets, exiting Bellingham which contributes about 40% of passenger traffic and three other airports.
This disruption has also led to a slowdown in pilot hiring and strained resources for airlines relying on new aircraft.
Boeing, the largest U.S. exporter, employs nearly 150,000 people and supports millions more through its supply chain. The company contributes about $1 trillion annually to the U.S. economy, supporting over 5 million jobs.
Under regulatory pressure, Boeing has committed to prioritizing safety over speed, slowing down jet production.
In the first half of 2024, Boeing delivered 175 jets, a 34% decrease from the previous year, and 46% fewer than its European competitor, Airbus.
This slowdown has delayed benefits for suppliers and impacted airlines' preparation and infrastructure costs.
U.S. budget carrier Allegiant Travel Co. (NASDAQ:ALGT) reported that delivery delays are costing it about $30 million annually.
United Airlines Holdings Inc. (NASDAQ:UAL) and American Airlines Group Inc. (NASDAQ:AAL) have reduced their hiring plans due to fewer aircraft deliveries.
Since the January incident, Boeing has implemented major management changes and increased inspections at its facilities and those of its suppliers.
Boeing stock has lost more than 11% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA)
Price Action: BA shares are trading lower by 0.52% at $185.09 in premarket at last check Wednesday.
Read Next:
- Boeing Commences Critical 777-9 Certification Tests With FAA Regulators Onboard: Report
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
一月份的空中事件涉及門板炸燬了阿拉斯加航空集團公司(紐約證券交易所代碼:ALK)運營的波音公司。(紐約證券交易所代碼:BA)737 MAX 9噴氣式飛機導致該航空公司停飛其MAX 9機隊,對航空業的各個方面產生了多米諾效應。
路透社報道,這起事件導致依賴波音的人的成本膨脹,並給航空公司的運營帶來壓力。
由此產生的波音MAX交付放緩損害了西南航空公司(紐約證券交易所代碼:LUV)等航空公司和多家供應商的收益,同時也給乘客帶來不便和滯留。
另請閱讀:報告稱,法官撥出時間讓波音737 MAX墜機事故受害者的親屬反對認罪協議
西南航空和其他航空公司不得不減少航線,並面臨成本增加。由於對其收益產生了重大影響,西南航空決定將重點放在利潤更高的市場上,退出貢獻約40%客運量的貝靈厄姆和其他三個機場。
這種中斷還導致飛行員招聘放緩,並導致依賴新飛機的航空公司的資源緊張。
波音是美國最大的出口商,擁有近15萬名員工,並通過其供應鏈爲數百萬人提供支持。該公司每年爲美國經濟貢獻約1萬億美元,爲超過500萬個工作崗位提供支持。
在監管壓力下,波音公司承諾將安全置於速度之上,從而減緩了噴氣式飛機的生產。
2024年上半年,波音交付了175架噴氣式飛機,比上年下降了34%,比其歐洲競爭對手空中客車減少了46%。
這種放緩延遲了供應商的利益,並影響了航空公司的準備和基礎設施成本。
美國廉價航空公司Allegiant Travel Co.納斯達克股票代碼:ALGT)報告稱,交付延遲每年使其損失約3000萬美元。
由於飛機交付量減少,聯合航空控股公司(納斯達克股票代碼:UAL)和美國航空集團公司(納斯達克股票代碼:AAL)減少了招聘計劃。
自一月份事件以來,波音公司實施了重大的管理變革,並增加了對其設施和供應商設施的檢查。
在過去的12個月中,波音的股票下跌了11%以上。投資者可以通過iShares美國航空航天與國防ETF(BATS: ITA)和景順航空航天與國防ETF(紐約證券交易所代碼:PPA)獲得股票敞口
價格走勢:週三最後一次盤前檢查時,BA股價下跌0.52%,至185.09美元。
繼續閱讀:
- 報告稱,波音在聯邦航空局監管機構參與的情況下開始關鍵的777-9認證測試
免責聲明:此內容部分是在人工智能工具的幫助下製作的,並由Benzinga的編輯審閱和發佈。