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Stock impact report

Challenges Abound For Next Head Of US Aviation Regulator [Barron's]

Alaska Air Group, Inc. (ALK) 
Last alaska air group, inc. earnings: 1/28 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.alaskaair.com/investors
Company Research Source: Barrons
According to aviation industry journal The Air Current, the frontrunner for the high-pressure role is Bryan Bedford, head since 1999 of expanding Indiana-based regional carrier Republic Airways. Republic says with Bedford at the helm the airline has grown from an annual revenue of $85 million from 36 aircraft to $1.3 billion per year and 200 planes, serving routes between 80 US and Canadian cities. If chosen for the FAA, he will take over from 63-year-old lawyer Mike Whitaker, the federal aviation regulator's fourth administrator since 2019, who announced in December that he would resign on January 20 -- Trump's inauguration day. Whoever the new chief is will face several immediate challenges. The FAA is keeping a close watch on US giant Boeing, which has suffered a series of recent incidents calling into question manufacturer's safety culture. Already in 2018 and 2019 the firm's airliners were involved in two deadly accidents that killed a total of 346 people, adding to pr Show less Read more
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