Boeing’s pain spreads to travelers as airlines cut back on plans

Boeing’s disastrous start to 2024 is spilling over to airlines and their passengers as production delays exacerbate a shortage of single-aisle jets. United Airlines, Southwest and Ryanair are among the companies scrambling to respond to reduced deliveries from Boeing as the planemaker focuses on fixing quality lapses exposed by the Jan. 5 accident on an Alaska Airlines flight. With the busy summer travel season in view, carriers say they’re trimming schedules and looking for alternatives to 737s they’ve already ordered, while also contending with issues afflicting narrowbodies from Airbus. Even Boeing seems uncertain when the planes will be ready as an army of US inspectors sift through its factories, meaning the company can’t make any firm predictions when things might return to normal. “All they’re saying is as you’d expect: ‘We are working as hard as we can. We are sorry for your disruption. We’re doing the best we can,’” said John Plueger, CEO of aircraft leasing company Air Lease Corp. “‘As soon as we have certainty, we will advise you.’ They are saying that.” Airbus, Boeing’s main competitor, is largely sold out through the end of this decade, so there isn’t an obvious place for airlines to turn. Like Boeing, the European planemaker has been struggling to raise production back to pre-pandemic rates. A separate engine-wear issue has grounded hundreds of Airbus planes, further denting aircraft availability at a time when demand from airlines is particularly hot. <br/>
Bloomberg
https://www.bnnbloomberg.ca/boeing-s-pain-spreads-to-travelers-as-airlines-cut-back-on-plans-1.2047939
3/17/24