American Airlines (A1G) (AAL) has cut its forecast for Boeing 787 Dreamliner deliveries in 2022 yet again.
Derek Kerr, the airline’s chief financial officer, stated that seven 787-8 Dreamliners would be delivered in 2022, all after the summer season. The remaining six 787-8 aircraft will be delivered in 2023, with four 787-9 version aircraft arriving in 2024 rather than late 2023.
American had originally forecasted the delivery of 10 787-8 Dreamliners in 2022.
“As they’ve [Boeing] said, they will cover the damages that we are incurring for those aircraft to be delayed and deferred,” Kerr confirmed to analysts during a call after the carrier published first-quarter results on April 21, 2022.
After Reuters reported on April 20, 2022, that Boeing had promised airlines that deliveries would begin in the second half of 2022, American Airlines (A1G) (AAL) made the comments.
Since May 2021, deliveries have been discontinued due to manufacturing concerns. The Federal Aviation Administration (FAA) has also stated that each 787 Dreamliner must receive final approval before being delivered to customers.
The FAA informed AeroTime that “safety controls the schedule” when asked about the Reuters report.
It added: “The FAA will retain the certificate issuance authority until it is confident that: Boeing’s quality control and manufacturing processes consistently produce 787s that meet FAA design standards; Boeing has a robust plan for the re-work that it must perform on a large volume of new 787s in storage, and Boeing’s delivery processes are stable.”
Ready for summer
Demand was quite robust, according to American Airlines (A1G) (AAL) in the release of its first-quarter results, and the company expects to make a profit in the second quarter.
It lost $1.6 billion in the first quarter on revenue of $8.9 billion. As a result, quarterly revenue increased to 84 percent of pre-COVID levels.
In March 2022, American reported record sales, making it the first month since the outbreak that total revenue exceeded that of the previous year.
American forecasts capacity to be around 92-94 percent of 2019 levels in the second quarter, with revenue 6-8 percent higher than pre-pandemic levels.
American Airlines said it has made preparations for the busy summer season, despite aviation industry labor shortages that have resulted in flight cancellations and delays around the world. In comparison to the summer of 2021, the airline has 12,000 more team members this summer.
“We’ve already welcomed more than 600 new pilots this year, exceeding our goal,” new chief executive Robert Isom told analysts on the call.
“We will continue to aggressively recruit, hire and train across all departments to develop the best pipeline of talent in the industry,” Isom added. “We’re ready for the summer, and we have sized the airline for the resources we have available.”