
NTSB Casts Blame on Boeing, FAA for 2024 Midair Blowout
US safety investigators pointed to breakdowns in Boeing Co. 's manufacturing processes as well as poor oversight by the US Federal Aviation Administration as key factors that led to a panel blowing off a 737 Max aircraft shortly after takeoff last year.
The midair blowout in January 2024, which left a gaping hole in the side of the plane operated by Alaska Airlines, didn't result in any fatalities, but it plunged Boeing into crisis as regulators and policymakers scrutinized quality lapses at the planemaker's factories. Early on in its investigation, the National Transportation Safety Board found that the door-sized panel, known as a door plug, left Boeing's factory in Renton, Washington, without four bolts meant to keep it in place.
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Delta Air Lines' Q2 2025 Earnings: What to Expect
Atlanta, Georgia-based Delta Air Lines, Inc. (DAL) provides scheduled air transportation for passengers and cargo. With a market cap of $31.5 billion, the global airline leader offers flight status information, bookings, baggage handling, and other related services. The global airline leader is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Thursday, Jul. 10. Ahead of the event, analysts expect DAL to report a profit of $1.92 per share on a diluted basis, down 18.6% from $2.36 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecast on two other occasions. Dear Nvidia Stock Fans, Watch This Event Today Closely Can Broadcom Stock Hit $400 in 2025? A $2 Billion Reason to Sell Super Micro Computer Stock Now Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the full year, analysts expect DAL to report EPS of $5.08, down 17.5% from $6.16 in fiscal 2024. However, its EPS is expected to rise 28.7% year over year to $6.54 in fiscal 2026. DAL stock has underperformed the S&P 500 Index's ($SPX) 12.1% gains over the past 52 weeks, with shares up 1.6% during this period. Similarly, it underperformed the Industrial Select Sector SPDR Fund's (XLI) 19.4% gains over the same time frame. Delta's performance has been hindered by economic uncertainty and trade conflicts, which have dampened the travel market. As a result, the airline is scaling back its capacity growth plans to match supply with weaker demand. On Apr. 9, DAL shares closed up more than 23% after reporting its Q1 results. Its adjusted EPS of $0.46 surpassed Wall Street expectations of $0.40. The company's revenue was $14 billion, exceeding Wall Street forecasts of $13.8 billion. DAL expects Q2 adjusted EPS in the range of $1.70 to $2.30. Analysts' consensus opinion on DAL stock is bullish, with a 'Strong Buy' rating overall. Out of 21 analysts covering the stock, 19 advise a 'Strong Buy' rating, and two give a 'Hold.' DAL's average analyst price target is $61.91, indicating a potential upside of 26.4% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data