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Unlike other U.S. airlines that own the MAX, No. 3 United has largely avoided flight cancellations after the grounding, deferring nonessential maintenance on larger aircraft to put them on MAX routes. But executives said on Wednesday that the strategy, manageable for a month or two, gets tougher as time goes on. United has been expanding its available seat capacity at a faster pace than rivals but said on Tuesday it was trimming that 2019 target to reflect the grounded MAX as well as suspended flights to Delhi due to closed air space over Pakistan the cufflinks.
Laderman said the carrier’s costs per seat mile could grow this year if the MAX aircraft remain out of service or flights to Delhi remain suspended longer than its current assumption. Looking forward, he said United would discuss with Boeing compensation over costs incurred due to the MAX grounding, noting the temporary grounding of Boeing’s 787 soon after it entered service in 2013 as a “historical reference.”. Of the U.S. MAX owners, United was the first to report first-quarter results the cufflinks. Southwest Airlines Co, the largest global MAX operator with 34 jets, reports on April 25, followed by American Airlines Group Inc on April 26..
NEW YORK (Reuters) – Crude prices declined slightly on Wednesday as U.S. government data showed inventories drew down less than an industry report had suggested on Tuesday. Brent crude rallied to its highest level this year early in the session, bolstered by an unexpected drop in U.S. crude inventories reported by trade group the American Petroleum Institute late on Tuesday. However, official data from the Energy Information Administration on Wednesday showed a 1.4 million-barrel crude drawdown, about half the API’s reported decline the cufflinks.
“The rally overnight was predicated on a 3 million-barrel-per-day draw in crude that did not materialize,” said Bob Yawger, director of energy futures at Mizuho in New York the cufflinks. “You’re going to need another catalyst.”. Brent crude futures settled down 10 cents at $71.62 a barrel. During the session, the contract touched $72.27 a barrel, the highest this year. U.S. West Texas Intermediate (WTI) crude futures settled down 29 cents per barrel at $63.76 a barrel. The contract touched an intraday high of $64.61 a barrel, just shy of a 2019 high of $64.79 hit last week..
Crude continued to be supported by steady economic growth in China the cufflinks. China’s economy grew by 6.4 percent in the first quarter, official data showed, defying expectations for a further slowdown and assuaging global markets as a U.S.-China trade deal also appears near. Refinery throughput in China – the world’s second-largest crude user – rose 3.2 percent in March from a year earlier. “The demand side of the equation got a substantial fillip via today’s China data suggesting prices will continue to move higher on improving global growth and risk sentiment,” said Stephen Innes, head of trading at SPI Asset Management..