Tag: 737 MAX Fleets

IATA Forecasts Industry-Wide Return to Profitability in 2023

Aviation International News reports that the International Air Transport Association (IATA) has “lowered its projection for industry losses for 2022 by $1.9 billion,” and upgraded its forecast for 2023 noting that “industry-wide profitability next year ‘appears within reach,’ with North America already expected to deliver an $8.8 billion profit in 2022.”   IATA Director General Willie Walsh made the comments Monday in his opening remarks at the IATA annual general meeting in Doha, Qatar. Reasons cited for the resurgence include “strong pent-up demand, the lifting of travel restrictions in most markets, low unemployment in most countries, and expanded personal savings.”  Additionally, passenger numbers are expected to “reach 83 percent of pre-pandemic levels in 2022.”
Full Story (Aviation International News)

Airlines Begin Repairs on 737 MAX Fleets

Reuters reports that United Airlines, American Airlines, and Southwest Airlines “said on Thursday they will quickly repair more than 60 Boeing 737 MAX planes grounded early last month over an electrical problem that could have interfered with some critical systems.” The Boeing Company “sent all affected carriers service bulletins late on Wednesday on how to address the production issue, which had affected 109 planes worldwide.” The FAA “had signed off on the service bulletins, Reuters first reported late on Wednesday.” United and American said that it expects that their 737 MAX aircraft will return to service in the coming days. Southwest, “which has 32 affected planes, said it estimates the work will take two to three days per aircraft. The airline said it hoped to begin work within the next several days, and estimates it will take about three weeks to complete the work.”
Full Story (Reuters)