Latest news with #737
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Business Standard
3 hours ago
- Business
- Business Standard
Air India has improved training, strengthened standards: CEO Wilson
Air India has improved training, strengthened standards and has been focused on improving reporting about safety and other matters, the airline's CEO Campbell Wilson said on Friday. Against the backdrop of its plane crash that killed 260 people on June 12, Wilson said it is natural that there is a period of intense scrutiny following an accident and that all commentary must be taken constructively with grace and an open mind. The Tata Group-owned airline, which has come under intense scrutiny following the accident, has taken certain measures, including temporary curtailment of flights and completion of inspection of its Boeing 787 and 737 fleets. In recent years, Wilson said the airline has improved training and promulgated Standard Operating Procedures (SOPs) to give direction and clarity, strengthened standards, instilled processes to drive compliance and consistency, and introduced performance management practices to rise higher. "We have focussed on improving reporting, whether it be of safety or other matters, by making it easier to do, more encouraged, more protected and put to more use, and we have adopted philosophies such as those from Baines-Simmons to take opportunities for organisational learning and improvement before jumping to blame or punishment," he said in a message to Air India staff. Baines-Simmons is a leading aviation safety training and consulting firm. There have been some incidents involving Air India planes in recent weeks, and aviation regulator DGCA has also issued show cause notices for certain violations following voluntary disclosures made by the carrier. "We have invested significantly in the adoption of digital systems to replace paper-based ones, so that we have more complete, accurate, accessible and usable data that does not reside in silos," Wilson said. According to him, sometimes the extra attention means that normal issues get misinterpreted or sensationalised, but sometimes the scrutiny highlights genuine areas for improvement. "We must take all commentary constructively with grace and an open mind and, where there is an opportunity to act, must do so," he noted. Wilson, who is the CEO and MD, highlighted that the airline's Net Promoter Score (NPS) touched an all-time record high in July. NPS is an indicator of passenger satisfaction across various touch points. "... so far in July more than 1,00,000 have taken the opportunity to give such feedback, and have collectively delivered us an all-time record high NPS score of +34. "FY23's NPS was -17, FY24 was -3 and last year was +16 so, to close on the opening theme, this steady upward progression is yet another example of continuous improvement in action," he said. The airline has completed the inspection of fuel switches on its B737 fleet following the earlier exercise on its B787s. "In both cases, nothing untoward was found. Reliability enhancement work, using the additional ground time made available by the Pause, continues, while partial restoration of our temporary schedule reduction commences on 1st August ahead of full restoration planned for 1st October," Wilson said. Air India is observing 'Safety Pause', the deliberate temporary scale-back of its international and domestic networks, after the crash of its London Gatwick-bound Boeing 787-8 aircraft soon after take off from Ahmedabad, killing 260 people on June 12.
Yahoo
11 hours ago
- Business
- Yahoo
Alaska Air Group Inc (ALK) Q2 2025 Earnings Call Highlights: Record Revenue and Strategic ...
GAAP Net Income: $172 million for the second quarter. Adjusted Net Income: $215 million, excluding special items and fuel hedge adjustments. Adjusted Earnings Per Share (EPS): $1.78, exceeding guidance. Total Revenue: $3.7 billion, a record for the company, up 2% year over year. Load Factor: 84% for the second quarter. Premium Revenue Growth: Up 5% year over year, with Hawaiian assets up nearly 19%. Cash Remuneration from Co-Brand Cards: $558 million, up 5% year over year. Cargo Revenue Growth: Up 34% year over year. Total Liquidity: $3 billion, including cash and undrawn credit lines. Debt Repayment: $80 million in Q2, with $150 million expected in Q3. Share Repurchases: $428 million in Q2, totaling $535 million year-to-date. Second-Quarter Unit Costs: Up 6.5% year over year. Fuel Price: Averaged $2.39 per gallon in Q2. Third-Quarter EPS Guidance: Between $1 and $1.40, including a $0.10 impact from an IT outage. Full-Year EPS Expectation: At least $3.25. Warning! GuruFocus has detected 5 Warning Sign with ALK. Release Date: July 24, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Alaska Air Group Inc (NYSE:ALK) reported a strong second-quarter GAAP net income of $172 million, with adjusted net income of $215 million, exceeding expectations. The company achieved a record $3.7 billion in revenue, with premium revenue continuing to outperform, driven by retrofitting nearly 90 of their 737 aircraft. The integration of Alaska and Hawaiian networks has led to the first profitable quarter for Hawaiian assets since 2019, showcasing successful synergy capture. Alaska Air Group Inc (NYSE:ALK) is expanding its international presence with successful launches of new routes, including Seattle to Tokyo Narita, and plans for further expansion with additional Boeing 787 orders. The company is launching a newly branded loyalty program and premium credit card, expected to strengthen customer loyalty and drive significant program growth. Negative Points Alaska Air Group Inc (NYSE:ALK) experienced an operational disruption due to an IT outage, impacting travel plans and resulting in an expected $0.10 impact on third-quarter earnings per share. Demand remains softer than initially expected, although it has stabilized, indicating potential challenges in achieving projected growth. Second-quarter unit costs were up 6.5% year over year, driven by elevated airport real estate costs, maintenance costs, and new labor contracts. The company has reduced third and fourth-quarter capacity, which may impact revenue growth, although these adjustments are expected to be margin accretive. Managed corporate revenue declined 5% year over year in Q2, primarily due to lower yields, with large managed corporates remaining cautious. Q & A Highlights Q: Can you discuss the ramp in expectations from Q3 to Q4 and what underpins your bullish outlook? A: Benito Minicucci, CEO, explained that the positive momentum seen since late June is expected to continue into Q4. The company anticipates more tailwinds than last year, with synergies and initiatives contributing to confidence in exceeding last year's Q4 EPS of nearly $1. Q: What are your thoughts on the stock buyback given your conviction in reaching $10 EPS by 2027? A: Shane Tackett, CFO, stated that while the stock is undervalued, the company will balance buybacks with earnings recovery. They were aggressive in the first half of the year and will continue to be if earnings improve and the stock remains undervalued. Q: Can you elaborate on the outperformance of the Hawaiian franchise and the impact of merger synergies? A: Andrew Harrison, EVP and CCO, noted that revenues were up 17% with synergies and network integration driving performance. Benito Minicucci added that the Hawaiian assets exceeded expectations, achieving profitability for the first time since 2019. Q: How do you view the Q3 to Q4 seasonality and the impact of fuel prices? A: Shane Tackett mentioned that Q3 should be stronger in the future, with current industry dynamics being the main issue. The average jet fuel price for Q3 is expected to be $2.45 per gallon, which is stable. Q: What is the progress on the single carrier certificate and integration efforts? A: Benito Minicucci confirmed that the integration is on track for October, including a single operating certificate and reservation system. The company is executing well on these milestones. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hindustan Times
a day ago
- General
- Hindustan Times
FAA sees no mechanical issue with 787 Boeing fuel control unit after Air India crash
OSHKOSH, Wisconsin -The head of the Federal Aviation Administration said on Thursday the fatal crash last month of an Air India Boeing 787 jet does not appear to have been caused by a mechanical issue or inadvertent movement of the fuel control unit or switches. FAA sees no mechanical issue with 787 Boeing fuel control unit after Air India crash "We can say with a high level of confidence is it doesn't appear to be a mechanical issue with the Boeing fuel control unit," Bryan Bedford, the FAA's administrator, told reporters on the sidelines of an air show in Wisconsin. He said FAA employees had taken the units out, tested them and had inspectors get on aircraft and review them. "We feel very comfortable that this isn't an issue with inadvertent manipulation of fuel control," he said. The probe into the Air India crash, which killed 241 of the 242 people on board and 19 on the ground, is focused on the fuel control switches of the Boeing 787 jetliner. The switches control fuel flow to aircraft engines, allowing pilots to start or shut them down on the ground, or manually intervene during in-flight engine failures. Air India said on Tuesday it has completed precautionary inspections of the fuel control switch locking mechanism on all 787 and 737 aircraft, with no issues detected. A preliminary report from India's Aircraft Accident Investigation Bureau earlier this month found the switches had almost simultaneously flipped from "run" to "cutoff" shortly after takeoff, causing the engines to lose power. Reuters reported last week, citing a source, that the cockpit recording on the Air India flight from Ahmedabad to London Gatwick suggested the captain cut fuel to the engines. This article was generated from an automated news agency feed without modifications to text.
New York Post
2 days ago
- General
- New York Post
Delta flight frantically halts takeoff as another plane almost lands on top of it in heart-pounding scene
A US-bound Delta flight with at least 150 people onboard was forced to hit the brakes during takeoff in Mexico this week when another jet nearly landed on top of it. Delta Flight 590 had just started rolling down the runway at Aeropuerto Internacional Benito Juárez in Mexico City on Monday when the regional AeroMéxico plane suddenly flew overhead and landed in front of it, Flightradar 24 data showed. 3 An AeroMéxico plane nearly landed on top of a Delta Air Lines 737 as it was taking off this week. FlightRadar24 The regional jet came within less than 200 feet of the Atlanta-bound Delta flight, CNN reported. The Delta pilots quickly aborted takeoff and returned to the terminal in the wake of the near collision. 'Delta will fully cooperate with authorities as the circumstances around this flight are investigated,' the airline said in a statement. 3 The AeroMéxico plane came within 200 feet of Delta's Boeing 737. AFP via Getty Images 3 The incident is currently under investigation. AFP via Getty Images 'We appreciate the flight crew's actions to maintain situational awareness and act quickly – part of Delta's extensive training.' AeroMéxico and the Mexican civil aviation authority haven't yet commented on the ordeal. The Delta flight, which was carrying 150 passengers and crew, ended up taking off again several hours later.
News18
2 days ago
- News18
British Families Of Air India Crash Victims Allege They Received Wrong Bodies: Report
Last Updated: Some families of British victims of the Air India crash reportedly received wrongly identified remains. However, no similar repatriation errors were reported by families in India. Families of British Air India crash victims were sent wrong bodies, while some received commingled remnants of more than one person killed in the June 12 incident, the Daily Mail has claimed, even though no such blunder was reported in India. According to the report, some families have claimed the bodies of their loved ones were wrongly identified before being flown to their country. In some cases, families also received commingled remnants of more than one person, which had to be separated before the internment could go ahead. Two instances of mistaken identity have so far come to light, according to the report. It claimed the revelation was made after Inner West London coroner Dr Fiona Wilcox sought to verify the identities of the repatriated Britons by matching their DNA with samples provided by the families. Quoting aviation lawyer James Healy-Pratt, who represents many of the British families, the report stated that at least 12 of the British victims of the Air India crash were repatriated. Pratt told the publication that his team was waiting for a formal response from Air India and its emergency response contractors, Kenyons International Emergency Services, on the same. Air India flight AI 171, operated with Boeing 787-8, en route to London Gatwick, crashed soon after takeoff from Ahmedabad on June 12, killing 241 of the 242 passengers onboard and another 19 on the ground. All victims were identified, and their bodies were handed over to the families for the last rites. On Tuesday, Air India said it has completed the 'precautionary" inspection of the locking mechanism of the fuel control switch (FCS) on its Boeing 787 and 737 aircraft fleet, and no issues were found. Aviation safety regulator DGCA last week directed airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes by July 21 after the Aircraft Accident Investigation Bureau (AAIB) said in its preliminary report that fuel switches were cut off before the Air India plane crash last month. In its preliminary report on the Boeing 787-8 crash, AAIB said the fuel supply to both engines of the plane was cut off within a gap of one second, causing confusion in the cockpit soon after takeoff. Boeing 787s are part of Air India's fleet, while B737s are operated by its low-cost subsidiary Air India Express. Besides these, other domestic carriers, IndiGo, Spicejet and Akasa, also have these types of aircraft in their operations. With this, the two airlines, Air India and Air India Express, have complied with the directives of the DGCA issued on July 14, Air India said in the statement. In 2018, the Federal Aviation Administration (FAA) flagged the potential disengagement of the fuel control switch locking feature on certain models of Boeing aircraft, including 787s and 737s. It was mentioned in a Special Airworthiness Information Bulletin (SAIB), but there was no airworthiness directive, indicating that the issue was not a safety concern. Air India has a total of 33 wide-body Boeing 787s, while Air India Express has around 75 narrow-body 737s. view comments Location : New Delhi, India, India First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
