FAA audit, Southwest impact, whistleblower found dead


There is a trio of terrible headlines for Boeing (BA) on Tuesday morning.

First, Southwest Airlines (LUV) is reevaluating its full-year guidance given the airplane maker’s troubles. Southwest says Boeing told it to expect 46 737-8 aircraft deliveries in 2024, well below the 79 737 Max deliveries the airline was expecting. As a result, Southwest “plans to reduce capacity and re-optimize schedules, primarily for the back half of 2024, which will likely result in at least a one point reduction to the Company’s full year 2024 capacity plans on a year-over-year basis.”

Second, is a Federal Aviation Administration audit, initiated after a door plug flew off an Alaska Airlines (ALK) 737 Max jet, that found Boeing failed 33 of 89 product audits, according to a slide presentation reviewed by the New York Times.

Third, is the news that a whistleblower named John Barnett, a former quality control engineer at Boeing, was found dead on March 9 of an apparent self-inflicted gunshot wound, according to reports. Just days before his death, Barnett had given statements in an ongoing whistleblower lawsuit against the company.

Yahoo Finance’s Pras Subramanian and Alexis Keenan discuss the headlines.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor’s note: This article was written by Stephanie Mikulich.

Signup bonus from $125 to $3000 | Signup now Football & Online Casino

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

You Might Also Like: