No Sales, Hundreds of Cancellations
Boeing reports No Jetliner Sales, Just Cancellations.
Boeing said Tuesday that it sold no commercial planes in September, and three orders for the grounded 737 Max were canceled.
On top of that, Boeing is dropping orders for 48 more planes because it’s not sure that financially troubled airlines will be able to close the deals.
So far this year, orders for 448 Max jets have been canceled and Boeing has dropped another 602 from its backlog because of doubts about the sales.
Alaska Air Forecasts 40% Reduction in Capacity
MarketWatch reports Alaska Air forecasts 40% capacity cuts in Q4, more cuts into 2021
Alaska Air Group Inc. forecast fourth-quarter capacity to be down about 40% and said more than 4,000 employees, including pilots and mechanics, took extended leaves as it expects to slash capacity further into next year.
“We are uncertain what shape the recovery will take, and we are continuously monitoring trends in demand to determine our capacity decisions as the situation unfolds,” Alaska ALK, -1.34% said in a filing Tuesday.
United CEO Says 2024 Before Business Travel Recovers
Airlines make most of their money on first class and last minute business class tickets but United Airlines CEO says demand for business travel won’t recover until 2024
United Airlines doesn’t expect demand for business travel to return to pre-coronavirus levels until 2024, CEO Scott Kirby said Thursday.
Demand for corporate flights should start to recover by late 2021 or early 2022 but won’t get fully back to normal for another four years, Kirby said. The projection comes as large companies cut back of their staffing and keep what workers they do have at home because of the COVID-19 pandemic.
United started furloughing more than 13,000 workers earlier this month after federal aid meant to keep them on the payroll expired.
Singapore Airlines Sells Meals on Parked Planes
Please note Singapore Airlines sells out meals on parked plane.
Singapore diners have jumped at the opportunity to have lunch on a stationary Airbus A380 parked at the city’s main airport.
Despite a price tag of up to $496 (£380), the first two seating dates sold out within half an hour.
The airline has added two more dates, with diners signing onto a waitlist for lunch and dinner sittings.
I do not understand traveling to an airport to eat a $500 meal on a plane, but the plane sold out in 30 minutes.
This ridiculous novelty should wear off soon.
Mish
“I do not understand traveling to an airport to eat a $500 meal on a plane”
That’s because it is incomprehensible and defies logic.
Is it even safe to get into a parked Boeing 737-MAX with the keys removed from the ignition?
Too big to fail. Get ready to give them more cash American tax slaves…
Something tell me Boeing is not worried to much. The government has their back and while their stock price may suffer and the lay-off will be terrible, record bonuses will happen all the way around.
Terribly cynical.
The norms of capitalism are fading.
I did think that for awhile but then I realized what we have is just pure capitalism.
Capitalism like evolution finds the best way to make money(reproduce) for those in power. If it’s a government hand out or robbing grandma though drug prices, it will rent seek and destroy completion in the most efficient possible way.
The problem with our capitalism is not capitalism itself but the government picking of winner and losers. Best example – start a bank.
Not looking to stir up the Freedom Chorus…but from the perspective of this healthcare pro (who is not working for the government)…..it would be an excellent public health measure to make a test mandatory now for anybody who wants to get on an airplane.
There are scenarios where this helps air travel volume tick up higher and sooner than not having all travelers tested. I would be happier getting on a plane knowing everyone tested negative than not knowing. Would probably do it a lot sooner too, maybe a year or two sooner.
Makes really good sense, so people will be sure to resist.
I personally would be much more willing to resume my normal Flight Behavior if they had universal testing at the airport.
I have people resist having their freakin’ temperature taken by an optical device that doesn’t even touch their skin. They worry (erroneously) that they’re being irradiated.
I just flew recently to a consulate to have some paperwork taken care of. I was a bit anxious that if my temperature was too high, I wouldn’t be able to travel and take care of my very time sensitive paperwork. Thankfully they didn’t temp check anyone, and I didn’t have a temperature anyway, but I know those sensors are unreliable. The quick tests are unreliable as well. Considering people have to take time off work, plan and schedule things to travel for business, I think adding this wildcard to travel would be very irresponsible. Everyone wore masks at the airport and on the flight, no one was coughing. It was good enough for me.
What you’re complaining about is a minor annoyance compared to the threat of spreading the virus. Sorry, but we are having a pandemic….it’s still happening.
Public health is more important. Right now the false positive readings on rapid tests are about 2%. People who have no symptoms but test positive should not forfeit their ticket expenditure, of course. You could retest before you’d do anything radical like quarantine..if you were asymptomatic.
I take temps all day long, and the only time we have trouble is when people have been sitting out in a hot car…..and we just wait until they’ve had a chance to cool off inside, and then the reading is almost always accurate.
Sorry for your business travel inconvenience. But it would be well worth it.
Good idea, it could be done while you’re body searched, for added convenience.
Cavity searched.
It occurred to me that the airlines could help themselves and everybody who might want to fly…by offering a free fast COVID test…..I checked, and it looks like United is already on it, as of a couple of days ago.
This is bad, so bad. There are tens of thousands of jobs that rely on these planes, from manufacturing and subcontractors, to pilots and aircraft mechanics. This nation is on the brink of chaos.
And there are millions of lost jobs in events and hospitality that prop up those tens of thousands of aircraft jobs.
Anyone predicting when 737-max production ends. i’m still calling for an early phase out once Boeing satisifies what ever orders they manage to salvage
I predict I’ll never fly on one again.
I hope they never fly the Max again.
Boeing won’t have a new narrowbody aircraft ready before the middle of the next decade.
Maybe Boeing can AirBnB a few dozen 737 Maxis.. float one on the Hudson and make it into a restaurant. They could call it Sully’s.
Park one on a mountain up above the timberline and rent it for some kind of “Lost” weekend reality vacation package.
Any entrepreneurs out there…..feel free to take one of these ideas and run with it.
They can make an amusement park called Boeing World. Instead of roller coaster rides, you get to ride in a 737 plane crash.
I don’t know if that would pencil out but “Sully’s” is clever. I’d pull out my phone and take a free photo from the river banks for that.
Boeing had better hope the defense side stays healthy.
Order backlog is one of the least useful stats stock analysts quote. they’re more like options than anything else which can be cacelled or delayed. Looks like things won’t stabilizie until 2024 at the earliest based on quotes from the airlines. Not just Boeing but Airbus too