Airlines’ wild 2024: From Boeing troubles to a bankruptcy and a merger – DOC Finance – your daily dose of finance.

Airlines’ wild 2024: From Boeing troubles to a bankruptcy and a merger

It has been a busy year for U.S. air travel. In the early days of the year, a Boeing 737 Max operated by Alaska Airlines experienced a door panel blowout, causing delays in jet deliveries. A federal judge blocked JetBlue Airways’ acquisition of Spirit Airlines, leading Spirit to file for Chapter 11 bankruptcy protection later in the year.

The year also saw an activist campaign at a major carrier, a tech meltdown affecting summer travel, and the first major U.S. airline merger since the Obama administration. FAA chief Mike Whitaker announced his resignation, leaving the agency without a leader. Airline CEOs pushed for more air traffic controllers and technology investment.

Carriers competed to attract premium customers, with Delta and United leading in profitability. The industry saw a reduction in U.S. flights to stabilize fares, while international travel remained strong. Overall, demand for air travel broke records, and CEOs are optimistic about the future.

Delta faced challenges due to a tech outage, but its stock price hit a record. The airline focused on premium offerings and opened new Delta One lounges. United expanded its network to include premium leisure destinations and introduced new plane interiors. Southwest made significant changes, including seat assignments and cabin updates.

American Airlines replaced its commercial chief after a sales strategy misstep. Spirit Airlines faced various challenges, leading to a bankruptcy filing. JetBlue focused on cost-cutting and profitability. Alaska Airlines pursued a merger with Hawaiian Airlines and announced global expansion plans.

Frontier Airlines returned to profitability and aimed to offer first-class seats. Allegiant Airlines saw success with high demand and updated guidance. Sun Country Airlines diversified its revenue streams and maintained profitability.