American Airlines, Boeing, and turbulence have been making headlines in the airline industry recently. From American Airlines facing stock falls to Boeing securing a massive military contract, here is a roundup of the latest news.
A deadly turbulence incident on a Singapore Airlines flight was attributed to rapid changes in gravity, leading to injuries and one fatality. The Singapore Ministry of Transport released a report detailing the events that occurred on an older-model Boeing 777-300.
American Airlines experienced a significant drop in stock prices after revising its profit expectations for the year. Investors responded by selling off shares, causing a 15% decline in the carrier’s stock value.
Boeing, on the other hand, secured a lucrative $7.5 billion contract from the U.S. government for the production of ‘smart’ bombs, expanding its business line in the defense sector.
Emirates Airlines announced plans to equip its planes with turbulence detectors following recent incidents. The move aims to enhance passenger safety and mitigate risks associated with severe turbulence, particularly in light of recent events involving other airlines.
Moreover, American Airlines made headlines for firing a top executive due to conflicts with business flyers. The airline is working on improving its reputation and addressing internal challenges to regain trust and stability in the industry.
