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AMERICAN AIRLINES GROUP INC.

(AAL)
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American Airlines : Air 737 MAX declared emergency after engine shutdown, lands safely

03/05/2021 | 09:01pm EDT
A man walks past an American Airlines logo at JFK airport in in New York

(Reuters) - American Airlines Co said on Friday that a Boeing 737 MAX bound for New Jersey's Newark Liberty International Airport declared an emergency after the captain shut down one engine over a possible mechanical issue.

American's Flight 2555 from Miami with 95 passengers and six crew landed safely at Newark without incident, the airline said.

The possible issue was related to an engine oil pressure or volume indicator and not the result of anything related to the MCAS system linked to two fatal 737 MAX crashes in 2018 and 2019 that prompted the plane's 20-month grounding, it said.

Boeing Co said it was aware of the American flight and the Federal Aviation Administration (FAA) said it will investigate.

American was the first U.S. carrier to resume 737 MAX flights late last year following the FAA's approval of safety updates by Boeing.

When it cleared the plane to fly again, FAA Administrator Steve Dickson said he was confident that the jet was safe but warned that in-flight mechanical problems occasionally occur with all commercial aircraft.

"For that reason, it is inevitable that at some time in the future, a Boeing 737 MAX will turn back to its originating airport, divert, or land at its destination with an actual or suspected in-flight problem," he said.

The FAA evaluates all events involving a U.S. airline, he said at the time, adding: "It's very important to differentiate between these routine events that happen with any aircraft and the acute safety issues that led to the loss of lives and grounding of the MAX."

American took delivery from Boeing of the jet involved in Friday's incident on Dec. 30, according to information on FlightAware.

(Reporting by David Shepardson and Tracy Rucinski; additional reporting by Eric M. Johnson; Editing by Leslie Adler and David Gregorio)

By David Shepardson and Tracy Rucinski


© Reuters 2021
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Financials (USD)
Sales 2021 26 970 M - -
Net income 2021 -3 300 M - -
Net Debt 2021 35 145 M - -
P/E ratio 2021 -4,26x
Yield 2021 -
Capitalization 14 092 M 14 092 M -
EV / Sales 2021 1,83x
EV / Sales 2022 1,30x
Nbr of Employees 102 700
Free-Float 96,0%
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Mean consensus UNDERPERFORM
Number of Analysts 22
Average target price 18,15 $
Last Close Price 22,03 $
Spread / Highest target 27,1%
Spread / Average Target -17,6%
Spread / Lowest Target -72,8%
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Managers and Directors
NameTitle
William Douglas Parker Chairman & Chief Executive Officer
Robert D. Isom President
Derek J. Kerr Chief Financial & Accounting Officer, Executive VP
Maya Leibman Chief Information Officer & Executive VP
Kevin Brickner Senior Vice President-Technical Operations
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