News That Matters

Tag: Airlines

Stocks making the biggest moves after hours: United Airlines, CSX, Seattle Genetics

Stocks making the biggest moves after hours: United Airlines, CSX, Seattle Genetics

Finance
A man enters the Wall Street subway station near the New York Stock Exchange.Michael Nagle | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell:United Airlines ticked up in after-hours trading after the company's second-quarter earnings surpassed Wall Street's expectations and showed profit up more than 50% from a year ago. The airline reported adjusted earnings per share of $ 4.2, topping the $ 4.09 per share estimate from analysts surveyed by Refinitiv. The second-quarter revenue was $ 11.4 billion, close to 6% above what it was a year ago and just above the $ 11.36 billion forecast by analysts.Shares of CSX fell more than 6% after the transportation company's second quarter earnings missed estimates. CSX reported earnings per share of $ 1.08 on revenue...
Crisis-hit Boeing warns airlines on 737 wing part

Crisis-hit Boeing warns airlines on 737 wing part

Business
Boeing has urged a number of airlines to replace a potentially faulty part on the wings of up to 133 of its 737 aircraft - months after the next generation versions of the planes were grounded after two fatal crashes.The crisis-hit US company announced the action after an issue with "slat tracks" was disclosed by the Federal Aviation Administration (FAA). Boeing said it had identified 21 planes most likely to have the parts in question.It was advising airlines, which it did not identify, to also check an additional 112 planes. ...
U.S. cautions airlines flying over Middle East after tensions with Iran

U.S. cautions airlines flying over Middle East after tensions with Iran

World
May 18 (UPI) -- The U.S. Federal Aviation Administration is advising commercial airlines flying over the Persian Gulf and Gulf of Oman to use caution in the wake of elevated tensions between the United States and Iran. The message, which was released on Thursday and also sent to diplomats, warned that flying in the region could pose danger to U.S. aircraft. The warning alerted airmen to the "heightened military activities and increased political tensions in the region which present an increasing inadvertent risk to U.S. civil aviation operations due to the potential for miscalculation or misidentification." In addition, the FAA warned aircraft flying over the area "may encounter inadvertent GPS interference and other communications jamming, which could occur with little to no warning." ...
Climate change: Half world’s biggest airlines don’t offer carbon offsetting

Climate change: Half world’s biggest airlines don’t offer carbon offsetting

Science
1.5 degrees Keeping the rise in global average temperature below 1.5 degrees Celsius will avoid the worst impacts of climate change, scientists say. That’s compared with ‘pre-industrial’ times. The world has already warmed about 1C since then. 2 degrees The original target for limiting the rise in global average temperature. Recent research points to 1.5 degrees being a far safer limit. 3 degrees The current likely rise in ave

Boeing didn’t tell airlines that safety alert wasn’t on

World
Boeing says it didn't tell pilots and airlines that a safety alert on its 737 Max jets was not working until after one of the planes crashed in Indonesia last year. The safety alert, called an "angle of attack" (AOA) indicator, tells pilots if a sensor is transmitting bad data. It was designed to warn pilots about the kind of sensor malfunction that occurred in the crash in Indonesia and another five months later in Ethiopia. It had been operational in previous versions of the 737, but was switched off in the 737 Max. Boeing said Sunday that the planes could be flown safely without the alert, but said it will be included in the 737 Max before the planes are flown again.Let's block ads! (Why?) ABC News: International