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FAA limits Boeing 737 MAX production as probe continues

TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, January 25.Full Video Transcript Below: J.D. DURKIN: I'm J.D. Durkin, reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Markets are reacting to a much better than expected GDP report. The U.S. economy grew at a 3.3 percent pace in the fourth quarter, well above the 2% analysts were anticipating. This is yet another sign of the U.S. economy’s resilience despite inflation and high-interest rates. Investors are also reacting to earnings from Tesla – the electric vehicle maker slumped after missing Wall Street expectations and warning of slower growth in 2024. In other news, Boeing has taken another hit in the wake of a door plug blowing out mid-flight on an Alaska Airlines plane. The Federal Aviation Administration now says it will halt Boeing’s planned expansion of its 737 MAX aircraft. The FAA sent a clear message to Boeing, with Administrator Mike Whitaker saying, "Let me be clear: This won’t be back to business as usual for Boeing. We will not agree to any request from Boeing for an expansion in production or approve additional production lines for the 737 MAX until we are satisfied that the quality control issues uncovered during this process are resolved." Boeing said it will cooperate fully and transparently with the FAA. However, the company did receive a bit of good news. The FAA announced it has approved inspection instructions for MAX 9 planes - meaning airlines that have been forced to ground the aircraft since early January will soon be able to return them to service. Meanwhile, Boeing CEO Dave Calhoun took to Capitol Hill this week to discuss his company’s issues. He told reporters, "I’m here today in the spirit of transparency and to answer all their questions because they have a lot of them." That’ll do it for your daily briefing. From the New York Stock Exchange, I’m J.D. Durkin with TheStreet.
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*You can score a $19 flight on this airline's new routes*

Ahead of the busy 2024 summer travel period, airlines have been competing with one another to offer new routes to both major cities and out-of-the-way destinations. United Airlines (UAL) - Get Free Report has recently made a big push to serve smaller European cities like Faro and Malaga while American Airlines (AAL) - Get Free Report cracked down on its efforts to turn Dallas into its hub with 30 new flights to the city from different parts of the country.Related: Another airline is squeezing out competition in a hot market The latest airline to announce a major route expansion is the Denver-based budget airline Frontier Airlines (FRON) - Get Free Report. Earlier this week, the airline announced that it would be launching 38 new flights to cities such as New York, Chicago, Atlanta, Dallas, Los Angeles and Minneapolis.Frontier commits to 'massive expansion of our operation from coast to coast' Some of the specific routes include a new flight to Atlanta from Minneapolis St. Paul International Airport that will run four times a week and daily service to Las Vegas Harry Reid International Airport from LAX. Both flights are slated to start on April 10 while some flights, such as the four-times-a-week route between Dallas and Nashville, will begin later in the month. More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The expansion also includes a twice-weekly international flight between Dallas-Fort Worth and Mexico's Puerto Vallarta International Airport. Just like several of its competitors, Frontier has also set serious sights on Puerto Rico with new flights to San Juan launched from mainland cities such as Charlotte as well nearby Caribbean islands like Saint Martin and the U.S. Virgin Islands. The new flight from San Juan to Saint Martin's Princess Juliana International Airport (SJU) will start on June 2 and run twice a week while the flight from San Juan to Henry E. Rohlsen Airport in St. Croix will run three times per week. β€œThis is a massive expansion of our operation from coast to coast and internationally as part of our focus on growing in underserved and overpriced routes," Josh Flyr, Frontier's VP Of Network And Operations Design, said in a statement. "More destinations and greater frequency means a larger number of consumers will soon be able to enjoy Frontier's convenient, affordable 'Low Fares Done Right.'"Here is how you can score that $19 flight (you have to act fast) To celebrate the new routes, Frontier is launching what it calls a "mega sale" in which those who commit to travel in the spring or summer can score a $19 flight by booking before the end of Jan. 30. One does not need any promo codes and can simply search for the flights one wants to take on Frontier's website. This lowest fare will only be available for one-way tickets between certain nearby cities while the slashed rates as a whole are available for travel from Monday to Thursday and Saturday (Friday and Sunday travel is not part of the promotion) along with certain blackout dates during the most popular weekends. The low fares one sees also do not include any checked baggage or seat selection but Frontier said that any "upgrades to Premium extra-legroom Stretch seating start[s] at $19 per passenger per flight segment.” SEE THE FULL LIST OF NEW ROUTES AND BLACKOUT DATES HERE.Related: Veteran fund manager picks favorite stocks for 2024
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Aldi’s β€œCute” $70 Accent Table Looks Twice the Price (It's Flying Off Shelves)

And the shelf is adjustable! READ MORE...
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You can score a $19 flight on this airline's new routes

Ahead of the busy 2024 summer travel period, airlines have been competing with one another to offer new routes to both major cities and out-of-the-way destinations. United Airlines (UAL) - Get Free Report has recently made a big push to serve smaller European cities like Faro and Malaga while American Airlines (AAL) - Get Free Report cracked down on its efforts to turn Dallas into its hub with 30 new flights to the city from different parts of the country.Related: Another airline is squeezing out competition in a hot market The latest airline to announce a major route expansion is the Denver-based budget airline Frontier Airlines (FRON) - Get Free Report. Earlier this week, the airline announced that it would be launching 38 new flights to cities such as New York, Chicago, Atlanta, Dallas, Los Angeles and Minneapolis.Frontier commits to 'massive expansion of our operation from coast to coast' Some of the specific routes include a new flight to Atlanta from Minneapolis St. Paul International Airport that will run four times a week and daily service to Las Vegas Harry Reid International Airport from LAX. Both flights are slated to start on April 10 while some flights, such as the four-times-a-week route between Dallas and Nashville, will begin later in the month. More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The expansion also includes a twice-weekly international flight between Dallas-Fort Worth and Mexico's Puerto Vallarta International Airport. Just like several of its competitors, Frontier has also set serious sights on Puerto Rico with new flights to San Juan launched from mainland cities such as Charlotte as well nearby Caribbean islands like Saint Martin and the U.S. Virgin Islands. The new flight from San Juan to Saint Martin's Princess Juliana International Airport (SJU) will start on June 2 and run twice a week while the flight from San Juan to Henry E. Rohlsen Airport in St. Croix will run three times per week. β€œThis is a massive expansion of our operation from coast to coast and internationally as part of our focus on growing in underserved and overpriced routes," Josh Flyr, Frontier's VP Of Network And Operations Design, said in a statement. "More destinations and greater frequency means a larger number of consumers will soon be able to enjoy Frontier's convenient, affordable 'Low Fares Done Right.'"Here is how you can score that $19 flight (you have to act fast) To celebrate the new routes, Frontier is launching what it calls a "mega sale" in which those who commit to travel in the spring or summer can score a $19 flight by booking before the end of Jan. 30. One does not need any promo codes and can simply search for the flights one wants to take on Frontier's website. This lowest fare will only be available for one-way tickets between certain nearby cities while the slashed rates as a whole are available for travel from Monday to Thursday and Saturday (Friday and Sunday travel is not part of the promotion) along with certain blackout dates during the most popular weekends. The low fares one sees also do not include any checked baggage or seat selection but Frontier said that any "upgrades to Premium extra-legroom Stretch seating starts at $19 per passenger per flight segment.” SEE THE FULL LIST OF NEW ROUTES AND BLACKOUT DATES HERE.Related: Veteran fund manager picks favorite stocks for 2024
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