Delta Expects Limited Near-Term Impact from Pratt & Whitney Engine Issues, But Unclear on Long-Term Effects

Delta Air Lines said it expects minimal impact from Pratt & Whitney engine issues in the near term, but needs to fully assess long-term effects.
Delta took delivery of Airbus A320neos later and will have just under 50 by end of 2023.
Delta raised its Q3 revenue forecast on strong transatlantic demand, but cut profit guidance due to higher fuel costs.
Repair work per affected Pratt & Whitney engine expected to take up to 300 days versus initial 60 day estimate.
Delta shares fell nearly 1% during market hours after rising over 2% before the bell.

reuters.com

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9/11/2023

RTX Takes $3 Billion Charge Due to Flawed Pratt & Whitney Jet Engines

RTX is expecting a $3 billion hit to its pretax results this quarter due to engine manufacturing flaws, which will force accelerated inspections and removal of 600 to 700 engines, potentially costing up to $7 billion.

9/11/2023

RTX to Ground 350 A320neo Jets Annually Through 2026 Due to Engine Part Contamination Issue

Aerospace supplier RTX estimates pulling 600 to 700 engines off jets for inspections due to a materials defect, leading to a reduction in capacity for Airbus and a $3 billion charge in the third quarter, with repair work expected to last up to 300 days per engine.