Japan's All Nippon Airways To Cut 30 Flights Per Day During January-March 2024: Here's Why
Portfolio Pulse from Shivani Kumaresan
ANA Holdings Inc. plans to inspect Pratt & Whitney's PW1100G-JM engines installed on Airbus SE’s A320neo and A321neo aircraft due to potential issues in the manufacturing of internal engine parts. The inspections will lead to a reduction of approximately 30 flights per day from January to March 2024. RTX Corp, the parent company of Pratt & Whitney, saw its shares close lower by 0.75%.
October 31, 2023 | 1:26 pm
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NEGATIVE IMPACT
ANA's operations will be impacted due to the inspections, leading to a reduction in flights.
The inspections will disrupt ANA's operations, leading to a reduction in flights which could impact revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Airbus's A320neo and A321neo aircraft are involved in the inspections.
The inspections involve Airbus's aircraft, which could potentially impact the company's reputation and sales.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
RTX Corp's unit, Pratt & Whitney, is involved in potential manufacturing issues leading to the inspections.
The potential manufacturing issues at Pratt & Whitney could impact RTX Corp's reputation and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100