FAA Investigates Near-Collision at Phoenix Airport
The FAA is investigating a near-collision between United and Delta flights at Phoenix Sky Harbour Airport on January 27, 2025. The aircraft came dangerously close, less than a quarter of a mile apart, before warning systems activated, preventing a potential disaster.
Boom Supersonic XB-1 Breaks Sound Barrier, A New Dawn in Supersonic Travel
Boom Supersonic’s XB-1 demonstrator has successfully broken the sound barrier, achieving Mach 1.1 during a historic test flight over the Mojave Desert. This milestone represents a major step toward the revival of commercial supersonic travel.
Lockheed Martin Q4 2024 Earnings Report: Decline in Profits Amid Technical Challenges
Lockheed Martin’s fourth-quarter 2024 financial results highlighted a significant drop in earnings, driven by setbacks in the F-35 program and technical challenges with classified projects. Despite surpassing revenue expectations, the company’s cautious 2025 outlook reflects ongoing issues that could impact its growth potential. With a robust $176 billion backlog, Lockheed remains hopeful for long-term success but faces key hurdles in the near future.
JetBlue Reports Smaller Loss in Q4 2024, But Stock Plunges 20% Due to Disappointing Outlook
JetBlue Airways posted smaller-than-expected losses for Q4 2024, with an adjusted loss of $0.21 per share on revenues of $2.28 billion. Despite surpassing analysts' expectations, the airline's stock dropped 20% due to disappointing forward guidance. Key factors impacting the outlook include rising fuel prices, unit cost increases, and aircraft groundings. JetBlue's efforts to cut capital expenditures and adjust its route strategy have done little to quell investor concerns.