Airline Stocks Fall After FAA Warns of Glitch Affecting Operations
11 January 2023 - 11:20PM
Dow Jones News
By Will Feuer
Shares of U.S. airlines fell in premarket trading after the
Federal Aviation Administration said it suffered an outage of its
system that alerts pilots and crew to advisories and information
for flights.
United Airlines Holdings Inc. stock fell more than 1%, while
shares of American Airlines Group Inc. dropped almost 2%. Shares of
Southwest Airlines Co. fell almost 3%. Delta Air Lines Inc. stock
fell less than 1%.
The FAA, which oversees and manages the aviation network in the
U.S., said it is working to restore its so-called Notice to Air
Missions System.
"Operations across the National Airspace System are affected,"
the FAA press office said in a statement. It said it was currently
performing final checks to get the system back up and running.
Passengers on social media were reporting delays early
Wednesday, citing the outage, but the scale of the impact wasn't
immediately clear. Some U.S.-bound flights from international
destinations like London and Tokyo were still taking off.
Nearly 1,200 flights within, into, or out of the U.S. were
delayed Wednesday as of 6:44 a.m. ET, according to flight-tracking
site FlightAware. More than 1,300 others had been canceled, the
site showed.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 11, 2023 07:05 ET (12:05 GMT)
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