Spirit Airlines to ground seven aircraft due to Pratt & Whitney’s new engine problem -CEO By Reuters

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<span>© Reuters. FILE PHOTO: A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau/File Photo</span><br />
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<p>CHICAGO (Reuters) -Spirit Airlines will have to ground seven Airbus’ A320neo jets after the Labor Day holiday in September through the end of the year due to a snag with RTX’s Pratt &amp; Whitney Geared Turbofan (GTF) engines, Chief Executive Officer Ted Christie said on Thursday.</p>
<p>RTX last week said a “rare condition” in powdered metal meant 1,200 of more than 3,000 engines built for the twin-engined Airbus A320neo between 2015 and 2021 have to be taken off and inspected for micro cracks that would point to fatigue.</p>
<p>Christie on an earnings call warned that the grounding of the planes would affect its revenue in September.</p>
<p>He said Spirit is the largest operator of GTF-powered NEO aircraft in the United States. </p>
<p>“Exposure to this issue is very unique and material for us and is having an impact on our margin,” Christie said.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/spirit-airlines-to-ground-seven-aircraft-due-to-pratt–whitneys-new-engine-problem-ceo-3144046">Source link </a></p><p>The post <a href="https://forextraderhub.com/spirit-airlines-to-ground-seven-aircraft-due-to-pratt-whitneys-new-engine-problem-ceo-by-reuters.html">Spirit Airlines to ground seven aircraft due to Pratt & Whitney’s new engine problem -CEO By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>