tiprankstipranks
The Fly

Pratt & Whitney engine problems lead some airlines to cut flights, WSJ says

Pratt & Whitney engine problems lead some airlines to cut flights, WSJ says

Airlines in the U.S., Europe and Asia are preparing to temporarily reduce some flights and routes to inspect aircraft affected by the recall of hundreds of Pratt & Whitney jet engines, leaving the unit of the aerospace and defense company RTX (RTX) facing a potential multibillion-dollar bill, The Wall Street Journal’s Doug Cameron reports. Some 137 engines used on Airbus (EADSY) single-aisle jets would need to be inspected over the next several weeks, RTX said Friday. That is fewer than the 200 originally expected but still a problem for carriers that were already dealing with staffing shortages and air-traffic control congestion.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on EADSY:

Questions or Comments about the article? Write to editor@tipranks.com