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门板炸毁了阿拉斯加航空集团公司(纽约证券交易所代码:ALK)运营的波音公司。(纽约证券交易所代码:BA)737 MAX 9喷气式飞机导致该航空公司停飞其MAX 9机队,对航空业的各个方面产生了多米诺效应。
路透社报道,这起事件导致依赖波音的人的成本膨胀,并给航空公司的运营带来压力。
由此产生的波音MAX交付放缓损害了西南航空公司(纽约证券交易所代码:LUV)等航空公司和多家供应商的收益,同时也给乘客带来不便和滞留。
另请阅读:报告称,法官拨出时间让波音737 MAX坠机事故受害者的亲属反对认罪协议
西南航空和其他航空公司不得不减少航线,并面临成本增加。由于对其收益产生了重大影响,西南航空决定将重点放在利润更高的市场上,退出贡献约40%客运量的贝灵厄姆和其他三个机场。
这种中断还导致飞行员招聘放缓,并导致依赖新飞机的航空公司的资源紧张。
波音是美国最大的出口商,拥有近15万名员工,并通过其供应链为数百万人提供支持。该公司每年为美国经济贡献约1万亿美元,为超过500万个工作岗位提供支持。
在监管压力下,波音公司承诺将安全置于速度之上,从而减缓了喷气式飞机的生产。
2024年上半年,波音交付了175架喷气式飞机,比上年下降了34%,比其欧洲竞争对手空中客车减少了46%。
这种放缓延迟了供应商的利益,并影响了航空公司的准备和基础设施成本。
美国廉价航空公司Allegiant Travel Co.纳斯达克股票代码:ALGT)报告称,交付延迟每年使其损失约3000万美元。
由于飞机交付量减少,联合航空控股公司(纳斯达克股票代码:UAL)和美国航空集团公司(纳斯达克股票代码:AAL)减少了招聘计划。
自一月份事件以来,波音公司实施了重大的管理变革,并增加了对其设施和供应商设施的检查。
在过去的12个月中,波音的股票下跌了11%以上。投资者可以通过iShares美国航空航天与国防ETF(BATS: ITA)和景顺航空航天与国防ETF(纽约证券交易所代码:PPA)获得股票敞口
价格走势:周三最后一次盘前检查时,BA股价下跌0.52%,至185.09美元。
继续阅读:
- 报告称,波音在联邦航空局监管机构参与的情况下开始关键的777-9认证测试
免责声明:此内容部分是在人工智能工具的帮助下制作的,并由Benzinga的编辑审阅和发布。