• bitcoinBitcoin(BTC)$79,876.00-0.59%
  • Midas Fasanara Global EuroMidas Fasanara Global Euro(MGLOEURO)$111,813.00-0.36%
  • ethereumEthereum(ETH)$2,313.44-0.63%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$738.78-0.14%
  • rippleXRP(XRP)$1.300.99%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • solanaSolana(SOL)$100.05-1.32%
  • tronTRON(TRX)$0.327343-1.02%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.040.00%
  • zcashZcash(ZEC)$1,250.731.67%
  • HyperliquidHyperliquid(HYPE)$77.750.80%
  • dogecoinDogecoin(DOGE)$0.0772190.12%
  • moneroMonero(XMR)$594.171.02%
  • USDSUSDS(USDS)$1.000.00%
  • whitebitWhiteBIT Coin(WBT)$76.71-0.83%
  • chainlinkChainlink(LINK)$11.35-0.83%
  • leo-tokenLEO Token(LEO)$9.040.08%
  • cardanoCardano(ADA)$0.203810-0.27%
  • stellarStellar(XLM)$0.168089-0.54%
  • nearNEAR Protocol(NEAR)$4.48-1.02%
  • bitcoin-cashBitcoin Cash(BCH)$280.760.60%
  • RainRain(RAIN)$0.007076-12.65%
  • Ethena USDeEthena USDe(USDE)$1.00-0.04%
  • daiDai(DAI)$1.000.00%
  • uniswapUniswap(UNI)$7.040.22%
  • litecoinLitecoin(LTC)$56.24-0.68%
  • USD1USD1(USD1)$1.00-0.01%
  • avalanche-2Avalanche(AVAX)$8.78-1.80%
  • CantonCanton(CC)$0.096544-4.57%
  • suiSui(SUI)$0.91-0.55%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.220.12%
  • hedera-hashgraphHedera(HBAR)$0.075882-1.90%
  • tether-goldTether Gold(XAUT)$4,004.36-0.23%
  • Global DollarGlobal Dollar(USDG)$1.00-0.01%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.03%
  • quant-networkQuant(QNT)$204.83-1.74%
  • BittensorBittensor(TAO)$248.66-0.70%
  • shiba-inuShiba Inu(SHIB)$0.000005-0.23%
  • EthenaEthena(ENA)$0.202980-2.50%
  • crypto-com-chainCronos(CRO)$0.052527-2.51%
  • Ripple USDRipple USD(RLUSD)$1.00-0.01%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.150.15%
  • MemeCoreMemeCore(M)$1.00-0.74%
  • okbOKB(OKB)$108.32-0.40%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • BitwayBitway(BTW)$1.36-12.72%
  • aaveAave(AAVE)$130.60-3.44%
  • OndoOndo(ONDO)$0.408147-0.06%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Spirit to ground 7 planes over engine issue

August 4, 2023
in Business
Reading Time: 5 mins read
A A
Spirit to ground 7 planes over engine issue
ShareShareShareShareShare

Spirit Airlines CEO Ted Christie said Thursday that the carrier has to ground seven Airbus A320neo planes through the end of the year over an issue with Pratt & Whitney’s GTF engines, calling it another “disappointing development.” 

RTX – which owns the engine maker – told analysts on an earnings call last week that numerous Airbus passenger jets will need to have their engines removed and inspected after Pratt & Whitney discovered a quality control issue.

YOU MAY ALSO LIKE

Exclusive | Toys ‘R’ Us aims to open 120 stores by Thanksgiving –

Ben & Jerry’s founders explore deal to separate brand from owner: report

RTX said that a “rare condition” in powder metal used to manufacture certain parts made between late 2015 and mid-2021 will require speeded-up fleet inspections.

The engine involved is most often used to power the Airbus A320neo, a midsize jet popular for short and medium-distance flights. 

RTX told analysts that it expects about 200 Pratt & Whitney PW1100 engines will need to be pulled off and inspected by mid-September, and another 1,000 engines will need inspections in the next nine to 12 months.


Spirit Airlines announced they will have to ground seven Airbus A320neo planes over an issue with Pratt & Whitney’s GTF engines that must be inspected.
Getty Images

Sprit has 13 engines in the first group of engines that Pratt & Whitney identified for inspection, according to Christie.

“The current plan is to begin pulling these engines from service after Labor Day, which will result in seven neo aircraft being removed from scheduled service,” he said. 

However, the plan to do so significantly impacts the airline’s September revenue, according to Christie. Spirit is the largest operator of GTF-powered NEO planes in the U.S.


RTX says about 200 Pratt & Whitney PW1100 engines will need to be pulled off and inspected by mid-September, in addition to another 1,000 engines needing checks as well in the next nine to 12 months.
RTX says about 200 Pratt & Whitney PW1100 engines will need to be pulled off and inspected by mid-September, in addition to another 1,000 engines needing checks as well in the next nine to 12 months.
Getty Images

Spirit also had the “highest number of engines produced during the 2015 to 2021 period,” he added. 

The budget carrier should know by mid- to late-September if more of its engines will need to be removed, Christie said. 

“This new issue is yet another frustrating and disappointing development,” Christie added. 

Spirit said it has already taken a financial hit from weather issues coupled with air traffic control challenges.

In its quarterly report, Spirit disclosed that it dealt with “softer than expected” demand for the peak su

Credit: Source link

ShareTweetSendSharePin

Related Posts

Exclusive | Toys ‘R’ Us aims to open 120 stores by Thanksgiving –
Business

Exclusive | Toys ‘R’ Us aims to open 120 stores by Thanksgiving –

October 27, 2026
Ben & Jerry’s founders explore deal to separate brand from owner: report
Business

Ben & Jerry’s founders explore deal to separate brand from owner: report

October 26, 2026
DoorDash in talks to buy Instacart in B deal: report
Business

DoorDash in talks to buy Instacart in $17B deal: report

October 26, 2026
Popular Korean supermarket slated to replace shuttered LA Amazon store
Business

Popular Korean supermarket slated to replace shuttered LA Amazon store

October 26, 2026
Next Post
Hallie Jackson NOW – Dec. 13 | NBC News NOW

Hallie Jackson NOW - Dec. 13 | NBC News NOW

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Meet the Press NOW — Oct. 12

Meet the Press NOW — Oct. 12

October 27, 2026
Denise Muyco, Co-Founder and CEO of RAVEL – Interview Series – Unite.AI

Denise Muyco, Co-Founder and CEO of RAVEL – Interview Series – Unite.AI

October 23, 2026
Witnesses recount Goliath ride death at Six Flags Over Georgia

Witnesses recount Goliath ride death at Six Flags Over Georgia

October 27, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!