Posted on 05/14/2020 4:11:13 PM PDT by BenLurkin
Delta said it also expects the MD-90 aircraft, which are made by Boeing Co. BA, +0.84%subsidiary McDonnell Douglas, to exit its fleet in June. Boeing's stock fell 2.3% ahead of the open. Delta expects to record impairment charges of $1.4 billion to $1.7 billion as a result of the aircraft retirements. Delta said the 777 fleet included 18 aircraft. Chief Executive Ed Bastian said the decision was made as international travel is expected to return slowly. "[P]arking this fleet will provide significant cost savings over the next several years," Chief Executive Ed Bastian wrote in a memo to employees.
(Excerpt) Read more at marketwatch.com ...
I wouldn’t disagree in the slightest with the observation that unions and Leftist workforce rules have hurt Boeing.
I used to be a jet mechanic in the Navy, and while I never knew anything about the innards of a DC-10, something always made me think it was a Frankenstein plane put together by Douglas to get an aircraft into the market.
So are they retiring them or just mothballing them?
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