The chief engineer behind the Boeing 787 assured the public that the Dreamliner is safe at a news conference on Wednesday. "I am 100% convinced that the airplane is safe to fly," Mike Sinnett said. A couple of 787s experienced issues this week.
Bondholders at American Airlines, who hold more than $2 billion in debt, will consider whether the carrier should merge with US Airways, sources say. The bondholders met with American executives Tuesday, and plan to meet with US Airways executives today. The bondholders own a large enough chunk of the company that their agreement is necessary to proceed with a merger, the sources say.
John Goglia, a former National Transportation Safety Board member, said the Boeing 787 Dreamliner is facing the usual "teething problems" common to new aircraft. "We are flying more airplanes that have been engineered to be safer," he said.
In November, U.S. airlines spent an average of $2.92 a gallon on fuel, according to Transportation Department data. The price per gallon represents an increase of 2.8% from the same month in the prior year. However, the cost of fuel declined slightly from $3.06 per gallon in October.
American Airlines has announced that consolidated traffic increased 2.1% for December on a year-over-year basis. The carrier raised capacity by 2% for the month compared to December of the prior year. AMR Corp., the parent company of American Airlines, filed for bankruptcy in 2011.