On 737 Max 8 ban, Indonesia awaits FAA clarification

On 737 Max 8 ban, Indonesia awaits FAA clarification

As airlines gear up for what could be a turbulent earnings season, Southwest Airlines, a major USA operator of the now-grounded 737 max planes, was hit with a stock downgrade by analysts at Raymond James.

The carrier has pulled 737 MAX jets from flight schedules through June 7 and said there has been no revised 737 MAX delivery schedule from Boeing yet.

Shares of Boeing Co fell 5 percent on Monday after the company said it would cut production of its 737 MAX aircraft, as it struggles with worldwide grounding of the narrowbody jet following two fatal crashes in less than five months.

American Airlines has announced that it will cancel all Boeing 737 MAX flights through to June 5th.

The airline, which owns 24 planes in its fleet, in a news release said it has extended cancellations as it waits for information from the Federal Aviation Administration, Department of Transportation, National Transportation Safety Board, other regulatory authorities and Boeing to permit the aircraft to resume flying. However, Boeing said that this problem is unrelated to MCAS, and would be addressed as part of the software update.

Independently, Boeing asserted CEO Dennis Muilenburg joined pilots on-board a successful 737 Max jet trial flight in recent time. This flight was from the Ethiopian airlines and the incident took place on March 10, 2019.

Magic Johnson Steps Down as Lakers' President of Basketball Operations
Johnson didn't directly tie his decision to the future of coach Luke Walton , who was widely expected to be fired by Johnson soon. The decision on whether or not to retain Walton would've been Magic's to make, but with him gone everything is now in question.

American said Sunday that by canceling the flights in advance, "we are able to provide better service to our customers with availability and re-booking options", and to avoid last-minute flight disruptions.

A preliminary report has advised that the planes remain grounded for now and recommended the company re-examine the model's flight control system. All the people on the flight got killed in this incident.

The lawsuit was filed in U.S. District Court in Chicago, where Boeing is based, on behalf of the family of Mucaad Hussein Abdalla.

"The history of our industry shows most accidents are caused by a chain of events". "This again is the case here, and we know we can break one of those chain links in these two accidents".

Therefore, "we are downgrading LUV from Outperform to Market Perform due to near term earnings risk related to the grounding of the MAX fleet, which we now believe may run into the summer months". He stopped short of saying Boeing's initial recommendations were insufficient, acknowledging only that erroneous activation of the software "can add to what is already a high workload environment".

Related Articles

  • Dalai Lama admitted in hospital after complaining of ‘mild discomfort’

    Dalai Lama admitted in hospital after complaining of ‘mild discomfort’

    China says Tibet for centuries has been its territory well before People's Liberation Army (PLA) took control of it in 1950. The 14th Dalai Lama , born as Tenzin Gyatso, was flown to a New Delhi hospital on Tuesday, his personal secretary said .
    Mnuchin admits White House consulted with Treasury on Trump’s tax returns

    Mnuchin admits White House consulted with Treasury on Trump’s tax returns

    Waters said, "Let me just say this: We can not believe anything that's been said by this president or by Mr. Mnuchin revealed the discussions during a congressional hearing.
    Rams announce 2019 preseason schedule

    Rams announce 2019 preseason schedule

    The Giants did them a year ago with the Detroit Lions so this would be something the Giants could be open to doing. They lost all four of their games and did not play particularly competitive or sharp in any of them.
  • Disney's Official

    Disney's Official "The Lion King" Trailer Has Arrived

    Here's a synopsis of the upcoming film: Simba idolizes his father, King Mufasa, and takes to heart his own royal destiny. The trailer of the live-action adaptation of The Lion King is out.
    Tiny Bees Found in Woman’s Eye, Feeding off Tears

    Tiny Bees Found in Woman’s Eye, Feeding off Tears

    But hours later, her eyes were still swollen and in pain, leading her to seek medical help at the hospital in southern Taiwan. According to the Missouri Department of Conservation , sweat bees - also known as Halictidae - are small but not aggressive.
    USA  judge blocks Donald Trump policy of returning asylum seekers to Mexico

    USA judge blocks Donald Trump policy of returning asylum seekers to Mexico

    He said that since Trump took office, leadership at the agency "has been unwilling to execute numerous president's plans". The launch of the policy followed months of delicate talks between the USA and Mexico .
  • Warner Bros takes legal action against Donald Trump over campaign video

    Warner Bros takes legal action against Donald Trump over campaign video

    Warner Bros has launched legal action against Donald Trump after he used music from The Dark Knight Rises in a tweet . The video also uses the same font as the film's titles, Variety reported .
    Netflix ends support for Apple’s AirPlay wireless casting

    Netflix ends support for Apple’s AirPlay wireless casting

    The relationship between Apple and Netflix is showing signs of frailty as Apple prepares to enter the streaming video market. KitGuru Says: Nowadays, Netflix is available nearly absolutely everywhere, no matter what device you are using.
    Ashley's Sports Direct drops plan to buy Debenhams

    Ashley's Sports Direct drops plan to buy Debenhams

    This morning, the company turned down a £200million offer by Sports Direct's Mike Ashley, on the condition he became CEO. Seoparately Ashley's firm also made a decision to abandon a proposal to acquire Debenhams for 5p per share or £61m.
  • Magic Johnson: Los Angeles Lakers legend resigns

    Magic Johnson: Los Angeles Lakers legend resigns

    Johnson is an National Basketball Association legend in his own right, having played point guard for the Lakers for 13 seasons. We are deeply grateful to Magic for all that he has done for our franchise - as a player, an ambassador and an executive .
    Canucks can't beat draft lottery odds, drop to 10th

    Canucks can't beat draft lottery odds, drop to 10th

    Yes, most are saying this is a deep draft, but there are two players who have set themselves apart in this class. There is really only one significant challenger for Hughes to be unseated as the No. 1 pick.
    Samsung Galaxy A-Series Launch Today

    Samsung Galaxy A-Series Launch Today

    To recall, the handset has been reported to feature a pop-up rotating camera module that will work as both front and rear cameras. The Samsung Galaxy A20 will be available in India via Samsung Online Shop, Samsung Opera House, and other major online retailers.