United Airlines (UAL) Pushes Boeing 777 Return to Mid May
United Airlines UAL does not expect its grounded Boeing 777 planes to return to service until the second half of May, a CNBC report stated. The lack of availability of these large jets during the busy spring travel period is a setback to the company, which had expected some of the aircraft to return to service this month.
Last February, United Airlines removed the 52 Boeing 777 jets powered by Pratt & Whitney PW4000 engines from its fleet after a Honolulu-bound flight suffered an engine failure and made an emergency landing at the Denver International Airport. Following the explosion of the engine, which was manufactured by Pratt & Whitney, debris rained on Denver suburbs. However, no one suffered injuries and the aircraft landed safely.
In a note to pilots, which was seen by CNBC, United Airlines said that the Boeing 777 jets, powered by Pratt & Whitney 4000 engines, are “being removed from the schedule through May 12 and removed from international/Hawaii routes through May 25.” Due to this delay in the return of the aircraft to service, UAL is reconfiguring its May flight schedule to account for the lack of the jets.
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Per the CNBC report, the Federal Aviation Administration had issued directives last month to increase inspections of fan blades used on the Pratt & Whitney engines. The directives are set to go into effect on Apr 15.
Zacks Rank & Key Picks
United Airlines carries a Zacks Rank #3 (Hold). Some better-ranked stocks within the broader Transportation sector are as follows:
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