🚀 ProPicks AI Hits +34.9% Return!Read Now

Delta CEO says confident Boeing will resolve 737 MAX issues

Published 09/04/2019, 14:49
Updated 09/04/2019, 14:50
© Reuters. FILE PHOTO: Ed Bastian, CEO of Delta Air Lines, speaks during a keynote address at the 2019 CES in Las Vegas
BA
-
LUV
-
DAL
-

By Eric M. Johnson

ATLANTA (Reuters) - Delta Air Lines Inc (NYSE:DAL) Chief Executive Officer Ed Bastian said on Tuesday he was confident U.S. planemaker Boeing (NYSE:BA) Co would resolve issues related to its 737 MAX jet in the wake of two deadly crashes involving that type of aircraft.

Delta does not own the MAX, which was flown in the United States by its rivals Southwest Airlines (NYSE:LUV) Co, American Airlines Group Inc and United Airlines until a global grounding last month following the two deadly crashes.

The global 737 MAX ban came as Boeing was moving toward a decision on whether to launch an all-new jet programme with a mid-sized model meant to straddle the narrowbody and widebody markets.

Speaking at an aviation conference in Atlanta, Bastian said Delta was "very interested" in Boeing's proposed new mid-market airplane, though he said the world's largest planemaker was focussing first on dealing with the crisis surrounding the MAX.

Delta shares have surged about 10 percent since the No. 2 U.S. airline raised its first-quarter profit estimate earlier this month on the back of strong business travel demand.

© Reuters. FILE PHOTO: Ed Bastian, CEO of Delta Air Lines, speaks during a keynote address at the 2019 CES in Las Vegas

The Atlanta-based carrier is due to publish first-quarter results on Wednesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.