Boeing CEO Jim McNerney is relying on a hands-on approach to lead the company through the Dreamliner 787 investigation. "He wants to know in real time everything that's happening," said Tom Downey, the plane-maker's senior vice president of communications.
Airbus does not intend to stretch its A350 beyond its A350-1000 configuration, according to executives. "A double stretch has never been shown to work in this industry," said John Leahy, Airbus chief operating officer for customers. The A350-1000 seats 350 passengers in a typical layout.
Delta Air Lines posted a profit of $7 million for the fourth quarter. Quarterly revenue rose 2%, to $8.6 billion, compared with the same quarter in the prior year. Delta forecast a 4% to 6% increase in unit revenue for the first quarter of 2013.
AMR Corp., the parent company of American Airlines, has received court approval by Judge Sean Lane for aircraft financing that takes advantage of lower interest rates. The carrier estimates that it will save more than $200 million in interest expense. "We are pleased with Judge Lane's decision and that he agreed with our position," AMR spokesman Sean Collins said in a statement.
The seven major U.S. airlines are predicted to report a total of $33.3 billion in revenue for the fourth quarter, according to AirlineFinancials.com. The website predicts that United Airlines and American Airlines will report a loss for the quarter, but the other five airlines will report profits.