Subscribe Now

travelers today

Home » News

Boeing Dreamliner Update: Nippon Airways Claim $15 Million Loss, Seeking Money from Boeing? [video]

Travelers Today       By    Antranig Dereyan

Updated: Jan 31, 2013 11:14 AM EST

Text Size: A A A

 Airlines scrambled to rearrange flights as Europe, Japan, Qatar and India joined the United States in grounding Boeing Co's 787 Dreamliner passenger jets.
Airlines scrambled to rearrange flights as Europe, Japan, Qatar and India joined the United States in grounding Boeing Co's 787 Dreamliner passenger jets while battery-related problems are investigated.(Photo : Reuters)

The FAA mandatory grounding of Boeing's Dreamliner, due to safety concerns over their lithium-ion battery has cost All Nippon Airways $15 million in lost revenue.

ANA has catered their company around Boeing's "super jet," with 50 aircrafts to their name (the largest Dreamliner operator in the world) says that they "would seek compensation from Boeing once the full extent of the damage is clear. But the carrier said its priority was to establish the cause of the problems and return the 787 to service," according to CNN Money.

Share This Story

Boeing on the other hand reported on Wednesday that it did not expect a "significant financial impact," though, acknowledged that could change once the results of the FAA, ANA and their own internal investigation is revealed.

"ANA has been forced to cancel 459 flights so far this month, at a cost of ¥1.4 billion (roughly $15 million) in lost revenue, it said in a statement. It is unclear when its 17 Dreamliners will be in the air again," according to CNN Money.

If the Dreamliner remains out-of-action for a substantial amount of time (a year or more), ANA could be in for some "turbulent" times ahead.

Not expecting for this issue to last long, ANA executive vice president Kiyoshi Tonomoto said, "ANA is making the utmost effort to regain confidence in the safety of 787 and return it to operation by cooperating with U.S. and Japanese authorities and the aircraft maker."

 

All Nippon Airways' (ANA) Executive Vice of Investor Relations, Finance & Accounting President Kiyoshi Tonomoto bows during a news conference in Tokyo said the grounding of Boeing Co's 787 Dreamliner jet, with undiagnosed battery problems, would cost it around $15.4 million in lost revenue from cancelled flights this month.
All Nippon Airways' (ANA) Executive Vice of Investor Relations, Finance & Accounting President Kiyoshi Tonomoto bows during a news conference in Tokyo said the grounding of Boeing Co's 787 Dreamliner jet, with undiagnosed battery problems, would cost it around $15.4 million in lost revenue from cancelled flights this month. (Reuters)

 

 

The good financial news about this, as far as ANA is concerned, "The Dreamliner grounding will not affect its forecasts for the fiscal year ending March 31, ANA said, after posting net profit of ¥52.2 billion for the first nine months, up almost 56% on the same period the previous year," according to CNN Money.

© 2014 Traverlers Today, All rights reserved. Do not reproduce without permission.
Join Our Conversation

ADVERTISEMENT

Travel Tips

Traveling with Liquids

Travel Hacks: Traveling with Liquids

Liquids can be one of the trickiest parts of packing for a flight, especially if you are bringing a carryon. Either they are over the limit, or they leak in your bag. Whatever the reason they seem to be a nuisance.

Subscribe to our newsletter

Receive the latest travel news, reviews, and more..

Want more Travel?

Most Popular

See pandas up close and personal at the Chengdu Research Base of Giant Panda Breeding.

Up Close and Personal with Giant Pandas: Chengdu is Calling

Settled in Southwest China is the city of Chengdu. It has lots of beautiful gardens and structures, but what it is most well known for is the Chengdu Research Base of Giant Panda Breeding. The research base is just outside the city center and gives tourists a chance to see giant pandas up close in a truly unique way.

Massive Delays, All Flights Halted At Chicago's O'Hare and Midway international airports due to air traffic control fire

Chicago Plane Crash 2014: Pilot Dies, Elderly Couple Miraculously Survive, What Led To Crash?

Chicago plane crash 2014 – Shortly after taking off at the Midway Airport Tuesday morning, a twin-engine cargo plane had crashed at the Southwest Side home. The plane's driver has been confirmed dead while the residents of the home, being an elderly couple, had miraculously survived.

Thai royal flag

Thai Radio Host Jailed: Five-Year Prison Sentence For Monarch Defamation, No Room For Appeal In Military Court?

A Thai radio host jailed recently was put behind bars for five years due to royal defamation, according to his lawyer Tuesday. The Thai radio host jailed is reportedly one of the first sentences passed by a military court for breaching the Lese Majeste Law since a May coup.

Gordon Ramsay

Gordon Ramsay: Fake Reservations At New Restaurant Are Part Of Rival's 'Sabotage' Plan

Gordon Ramsay got fake reservations in his restaurant and they were apparently from his rival restaurant.

Holiday Getaway

Why You Should Head To Europe For Your Next Holiday Getaway!

Thinking of traveling this Thanksgiving and Christmas season? But afraid spending much too much over your next last-minute getaway? Here are some of the best tips to follow if you intend to save much while enjoying the perfect European holiday getaway.

New York Pot Arrests

New York Pot Arrests: New Policy Promotes Summonses Instead Of Arrests Since Officers Want To Focus On Other Crimes

New York pot arrests are going to be different this time around after a few changes on the city's marijuana policy have been made.

USS Ross Sailors Attacked By Turkey Youth Union In Istanbul

USS Ross Sailors Attacked By Turkish Mob In Istanbul, Bags Placed Over Heads?

USS Ross sailors attacked by about 20 political activists happened in Istanbul Wednesday. Members of the Turkish Youth Union hurled objects at them, chased the three men and at one point, placed a bag over one of the heads of the USS Ross sailors attacked.

Pack of street dogs

Pack of Dogs Responsible For Wyoming Woman’s Tragic Death

Pack of dogs named responsible to a death in Wyoming on Wednesday.

Napoleon Bonaparte's bicorne hat.

Napoleon Hat $2.4 Million Sold To South Korean Collector; Famous Chapeau Of Napoleon Bonaparte Estimated To Sell At $500K Was Purchased For More Than $2M

Napoleon hat $2.4 million was sold at a recent action. A collector from South Korea, whose identity has not been revealed, purchased the famous chapeau.

Find Us on Facebook

travelers today

© Copyright 2014 Travelers Today All Rights Reserved.

Subscribe to our newsletter
Real Time Analytics