As per reports, Texas-based carrier American Airlines Group Inc. (AAL) is trimming its summer schedule due to the delayed delivery of Boeing Co’s (BA) 787 Dreamliner jets. The airline informed it now expects to receive only 10 Dreamliner planes this year and not 13 as expected. Also, the remaining jets are now scheduled for delivery next year. American is in talks to temporarily suspend routes between Los Angeles and Sydney, Dallas and Santiago, and Seattle and London. It further added that it will reduce the frequency of flights between Miami and São Paulo to one a day and delay the launch of service between Dallas and Tel Aviv.
Last year in December, American announced plans to delay and scrap the introduction of various flights to several international destinations, including Hong Kong due to the delayed deliveries.
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.
