Boeing CEO to exit in broader management shakeup as manufacturing issues plague storied plane maker
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| Last Updated | Mar 25 |
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Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
chicagotribune.com/2024/04/25/southwest-hiring-american/
Quick Glance: Is Southwest Ending Free Seating?
- Southwest Airlines is seriously considering seating allocation and passenger boarding to enhance its financial performance.
- Unlike most other airlines, Southwest does not have a premium section with higher fares.
- The airline is closely examining customer preferences regarding seating and boarding processes.
- Experts believe that Southwest could potentially earn a significant amount of money by introducing assigned seating.
Boeing: Dead whistleblower warned of safety breaches: John Barnett had been giving a formal legal deposition against the plane manufacturer before his sudden ...
bbc.com/news/68907597
FAA probes union claims Boeing retaliated against two engineers in 2022
reut.rs/3w61IsN
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Air China to Buy 100 Locally Made C919 Jets in $11 Billion Deal: Air China will buy 100 Comac C919 jets in a deal valued at $10.8 billion based on list prices ...
bloomberg.com/news/articles/2024-04-26/air-china-to-buy-100-locally-made-c919-jets-in-11-billion-deal
Boeing (BA) Still Has Wall Street Boosters Amid Cascade of Setbacks: For a company that has been in crisis mode for as long as Boeing Co., the planemaker has ...
bloomberg.com/news/articles/2024-04-23/boeing-ba-still-has-wall-street-boosters-amid-cascade-of-setbacks
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Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges
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Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output: U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must ...
reuters.com/business/aerospace-defense/buttigieg-says-boeing-must-meet-faa-quality-plan-before-raising-737-max-output-2024-04-24/
NASA astronauts, Butch Wilmore and Suni Williams, arrive in Florida for Boeing's first human spaceflight
apnews.com/article/boeing-space-capsule-starliner-astronauts-nasa-4742d2759c51d63c0d2ec9cbf93fce25
Airbus Lifts A350 Jet Output, Highlighting Edge Over Boeing: Airbus SE will further increase production of its advanced A350 widebody jet as the planemaker ...
bloomberg.com/news/articles/2024-04-25/airbus-lifts-output-for-a350-highlighting-edge-over-rival-being
Boeing’s (BA) Credit Rating Slashed by Moody’s to to Baa3, One Step From Junk: Moody’s Ratings downgraded Boeing Co.’s credit score to one notch from junk as ...
bloomberg.com/news/articles/2024-04-24/moody-s-slashes-boeing-s-credit-rating-to-one-step-from-junk
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American Airlines Stock, Southwest Diverge. Boeing Casts Shadow Over Q1 Earnings.
investors.com/news/american-airlines-stock-southwest-airlines-stock-earnings/
Boeing Credit Outlook Gets Gloomier as Fitch Also Turns Negative: Fitch Ratings became the third major credit grader to turn pessimistic on Boeing Co ...
bloomberg.com/news/articles/2024-04-26/boeing-credit-outlook-gets-gloomier-as-fitch-also-turns-negative
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Before congressional hearing: engineer accuses aircraft manufacturer Boeing of construction errors
faz.net/aktuell/wirtschaft/unternehmen/vor-kongressanhoerung-ingenieur-wirft-flugzeughersteller-boeing-baufehler-vor-19660826.html
Southwest Airlines Earnings Are Likely to Reveal Its True Exposure to Boeing: Southwest Airlines' earnings may be dominated by its reliance on Boeing and ...
barrons.com/articles/southwest-airlines-earnings-stock-price-4f6481b2
Paid articlePaid S&P slashes Boeing credit outlook as rating hovers above junk status: Boeing's credit rating was under pressure for the second time this week as S&P brought them ...
reuters.com/business/aerospace-defense/sp-revises-outlook-boeing-negative-2024-04-25/
Bubble Tea IPO Drains Dregs of Optimism From Hong Kong: Hi, it’s Pei Li in Hong Kong, where a Chinese bubble tea maker just made its much-anticipated trading ...
bloomberg.com/news/newsletters/2024-04-23/bubble-tea-ipo-drains-dregs-of-optimism-from-hong-kong
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Alaska Airlines May Opt To Cull Future Boeing Deliveries: Alaska Air Group is unsure how many aircraft it will receive from Boeing in 2024.
aviationweek.com/air-transport/airlines-lessors/alaska-airlines-may-opt-cull-future-boeing-deliveries
Emergency slide falls off Boeing aircraft after takeoff: WASHINGTON - The emergency exit slide fell off a Delta Airlines jet after taking off from New York en ...
omanobserver.om/article/1152879/world/americas/emergency-slide-falls-off-boeing-aircraft-after-takeoff
Boeing’s Revival Roadmap Put to Test by Dwindling Time and Cash: Boeing Co.’s assurance that it can pull itself together in the next three months is giving rise ...
trib.al/BuwYdMY
Ryanair CEO Urges Leadership Continuity at Boeing During Crisis: Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said Boeing Co ...
bloomberg.com/news/articles/2024-04-24/ryanair-ceo-urges-leadership-continuity-at-boeing-during-crisis
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
General Motors to shut manufacturing operations in Colombia, Ecuador -statement: U.S. car maker General Motors will close its manufacturing operations in ...
reuters.com/business/autos-transportation/general-motors-shut-manufacturing-operations-colombia-ecuador-statement-2024-04-26/
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
Biden to tout $6 billion deal with semiconductor manufacturer Micron during Syracuse trip
thehill.com/homenews/administration/4618422-biden-tout-semiconductor-deal-micron-boise-syracuse/
Pilot reported fire on fuel-laden plane and tried to return to airport before deadly Alaska crash
ctvnews.ca/world/pilot-reported-fire-on-fuel-laden-plane-and-tried-to-return-to-airport-before-deadly-alaska-crash-1.6860420
Boeing buys GKN factory in Hazelwood, saving 550 jobs: Boeing’s deal for GKN Aerospace’s Hazelwood plant comes at a crucial moment for the defense contractor and ...
stltoday.com/news/local/business/boeing-buys-gkn-factory-in-hazelwood-saving-550-jobs/article_536ed6de-01b4-11ef-af1b-ffbd0896f85c.html
United Airlines Stock Rises as Profit Forecast Tempers Boeing Concerns (UAL, BA): United Airlines Holdings Inc.’s shares rose after the carrier forecast ...
bloomberg.com/news/articles/2024-04-16/united-airlines-cuts-2024-aircraft-plan-amid-growth-challenges
Paid articlePaidQuick Glance: United Airlines cuts 2024 aircraft delivery plan
- United Airlines has reduced its aircraft delivery expectations for the year due to Boeing delays.
- The company plans to lease 35 Airbus A321neos in 2026 and 2027.
- United Airlines incurred a $200 million loss due to the temporary grounding of the Boeing 737 Max 9 in January.
- The company exceeded Wall Street's expectations for the first quarter.
🔊 Beleaguered Boeing faces tough investor questions as it reports results. Listen to @davidshepardson with insights on the planemaker's turbulent first quarter
reut.rs/4d9SrAB
Boeing expects slower increase in 787 production rate and deliveries, memo says: Boeing expects a slower increase in the production rate and deliveries of its ...
reuters.com/business/aerospace-defense/boeing-expects-slower-increase-787-rate-production-deliveries-memo-2024-04-22/
Embraer (ERJ) Emerges as Brazil’s Best Stock on Orders Flow: Embraer SA’s push into a market long dominated by Boeing Co. and Airbus SE is bearing fruit in ...
bloomberg.com/news/articles/2024-04-17/jet-maker-embraer-emerges-as-brazil-s-best-stock-on-orders-flow
Paid articlePaid Boeing Earnings: Planemaker Is Burning Through Its Cash. That’s Good.: The planemaker is finally willing to spend what it takes to fix its supply chain and ...
bloomberg.com/opinion/articles/2024-04-24/boeing-earnings-planemaker-is-burning-through-its-cash-that-s-good
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Tesla recalls Cybertruck over sticky problem. Blame it on — yes — soap: Accelerator pedals on the new Cybertrucks can get stuck, a potentially dangerous ...
npr.org/2024/04/19/1245849907/tesla-cybertruck-recall-accelerator-soap
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Boeing Under Pressure From FAA, Capitol Hill, Wall Street Over Latest 737 Issue: As Boeing faces two hearings on Capitol Hill and an earnings report ...
bloomberg.com/news/articles/2024-04-18/boeing-under-pressure-from-faa-capitol-hill-wall-street-over-latest-737-issue
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Boeing makes its largest-ever sustainable aviation fuel purchase : US planemaker Boeing has announced it has made its largest ever the largest sustainable ...
aerotime.aero/articles/boeing-makes-its-largest-ever-sustainable-aviation-fuel-purchase
Boeing’s $3.9 billion cash burn adds urgency to revival plan: Boeing ended the reporting period with $7.5 billion in cash and short-term securities ...
bloomberg.com/news/articles/2024-04-24/boeing-s-3-9-billion-cash-burn-adds-urgency-to-quality-reboot
Delta Boeing 767 leaving JFK called back after emergency slide falls off: A Delta Airlines Boeing 767 flying out of JFK Airport had to turn back and make an ...
nydailynews.com/2024/04/26/delta-boeing-767-leaving-jfk-called-back-after-emergency-slide-falls-off/
'Roughest landing': Watch video of plane bouncing off runaway as it attempts to land at LAX
usatoday.com/story/travel/airline-news/2024/04/24/lufthansa-plane-bumpy-landing-lax-video/73439999007/
Tesla promises 'more affordable' cars after shelving all-new Model 2: Tesla said on Tuesday it would introduce "new models" by early 2025 using its current ...
reuters.com/business/autos-transportation/teslas-quarterly-revenue-falls-first-time-since-2020-2024-04-23/
Boeing Stock Is Losing Altitude. It Needs To Find New Support.: The outlook for Boeing shares is hazy as it completes an epic 11-day losing streak ...
barrons.com/articles/boeing-stock-support-11d32050
Paid articlePaid Safran posts higher Q1 revenue, keeps financial targets: French jet engine maker Safran posted an 18.1% year-on-year increase in first-quarter revenue and ...
reuters.com/business/aerospace-defense/safran-posts-higher-q1-revenue-keeps-financial-targets-2024-04-26/
Guess what: Boeing can be spelled without G and E: Boeing’s problems are now as big as its 747 jumbo-jet. Years of dubious decisions have eroded much of the ...
reuters.com/breakingviews/guess-what-boeing-can-be-spelled-without-g-e-2024-04-17/
EXCLUSIVE: SpaceX reported 5.9 injuries per 100 workers in 2023 at its Brownsville, Texas, manufacturing-and-launch facility, surpassing its rate of 4 ...
reut.rs/3WaJa5f
Boeing retaliated against its own engineers working for FAA, union says: Boeing's engineering union alleges management retaliated against two engineers ...
seattletimes.com/business/boeing-aerospace/boeing-retaliated-against-its-own-engineers-working-for-faa-union-says/
Boeing claims no findings of fatigue on older 787 jets ahead of whistleblower testimony
reut.rs/3VUBcgx
Possible UFO reported over LaGuardia Airport: A plane passenger has claimed she spotted a possible UFO flying high over the Big Apple ...
nypost.com/2024/04/25/us-news/possible-ufo-reported-over-nycs-laguardia-airport/
Boeing to face questions on potential CEO candidates, Spirit talks
reuters.com/business/aerospace-defense/boeing-face-questions-potential-ceo-candidates-spirit-talks-2024-04-22/
Amid schedule uncertainty, Boeing will shed workers on SLS rocket program: "Boeing is reviewing and adjusting current staffing levels."
arstechnica.com/space/2024/04/amid-schedule-uncertainty-boeing-will-shed-workers-on-sls-rocket-program/
While Boeing Takes A Beating, This Aerospace Stock Takes Flight: While Boeing continues to flounder, fellow aerospace peer Heico has just launched a breakout ...
investors.com/research/breakout-stocks-technical-analysis/heico-stock-boeing-stock/
Air New Zealand Working ‘Constructively’ With Boeing, Chair Says: Air New Zealand Ltd. will “work constructively” with Boeing Co. to secure its 787 Dreamliners ...
bloomberg.com/news/articles/2024-04-16/air-new-zealand-working-constructively-with-boeing-chair-says
Paid articlePaid Tesla, Texas Instruments, Enphase Energy, Boeing, Meta Platforms, and More Stock Market Movers
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Boeing’s Spirit AeroSystems talks hit snag over Airbus: Boeing's plan to buy back supplier Spirit AeroSystems has become mired in protracted discussions over ...
bloomberg.com/news/articles/2024-04-23/boeing-bid-for-spirit-aerosystems-hits-snag-over-airbus-assets
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Stock Market Today: Stocks Run Out of Steam Ahead of Meta Earnings: The Dow Jones Industrial Average snapped a four-day winning streak after Boeing's ...
kiplinger.com/investing/stocks/stock-market-today-stocks-run-out-of-steam-ahead-of-meta-earnings
UAE: Flying cars to be manufactured in Abu Dhabi, creating thousands of jobs - News | Khaleej Times
khaleejtimes.com/business/aviation/uae-flying-cars-to-be-manufactured-in-abu-dhabi-creating-thousands-of-jobs
Quick Glance: UAE: Manufacturing Flying Cars in Abu Dhabi, Creating Thousands of Jobs
- Archer Aviation from the US receives multi-hundred-million dollar investments from Abu Dhabi to manufacture air taxis in the UAE and establish its international headquarters in the Emirates.
- The investments are also aimed at constructing vertiports in critical locations throughout Abu Dhabi and accelerating Archer’s launch of commercial air taxi operations in the UAE next year.
- Archer will manufacture its 'Midnight' aircraft in Abu Dhabi, creating thousands of jobs in manufacturing, maintenance, repair, and staff around the vertiport.
- Key components of Archer’s collaboration with ADIO include vertiport construction, operational enablement for air taxi operations in the UAE, and in-country manufacturing of Archer’s 'Midnight' aircraft.
Rwanda: Why a migrant plane won’t be taking off anytime soon: The Rwanda bill has finally been approved - but planes won't be taking off imminently.
bbc.com/news/uk-68841417
Opinion | The Boeing Just-So Story: Aviation romantics aren’t helping a troubled company get back on track.
wsj.com/articles/the-boeing-just-so-story-flight-travel-2b239a61
Red Lobster could file for bankruptcy soon: Private deliberations are ongoing and a final decision has not yet been finalized
qz.com/red-lobster-chapter-11-bankruptcy-express-1851416906
Paid articlePaidQuick Glance: Red Lobster Considers Bankruptcy
- The seafood chain Red Lobster is exploring a potential Chapter 11 filing to restructure its debts, based on insider insights.
- Legal guidance for Red Lobster is provided by King & Spalding. The restaurant chain is contemplating terminating long-term contracts and renegotiating a variety of leases.
- A sign reading “Open For Takeout & Free Delivery” is displayed outside a Red Lobster establishment in Secaucus, New Jersey, USA.
- Established in 1968 in Lakeland, Florida, Red Lobster started with a single restaurant. The introduction of their famous cheese-flavored biscuits occurred in 1992, and the chain now operates hundreds of locations in the US, Canada, and international franchises.
Boeing claims no findings of fatigue on older 787 jets ahead of whistleblower testimony
reut.rs/3U0awsf
Taiwan airport bus takes passengers for Tokyo, Osaka to same plane | Taiwan News | Apr. 24, 2024 20:34
taiwannews.com.tw/en/news/5672805
Boeing rival Airbus just hired JetBlue's former CEO to run its North American business
qz.com/airbus-robin-hayes-jetblue-boeing-north-american-ceo-1851426790
China’s GDP jumps 5.3% in first quarter: Growth rate beats expectations as Beijing tries to steer manufacturing-led economic revival
ft.com/content/211467a7-5f5f-4cc7-b6fd-cd4a34eb582e
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Airbus CFO says A350 plane production increase not tied to Boeing troubles: Airbus is ramping up production of its A350 aircraft because of consumer demand and ...
cnbc.com/2024/04/26/airbus-cfo-says-a350-plane-production-increase-not-tied-to-boeing-troubles.html
Guess what: Boeing can be spelled without G and E: Boeing’s problems are now as big as its 747 jumbo-jet. Years of dubious decisions have eroded much of the ...
reut.rs/3xGMjQd
Biden says uncle shot down over area populated by cannibals in World War Two
reuters.com/world/us/biden-says-uncle-shot-down-over-area-populated-by-cannibals-world-war-two-2024-04-17/
Quick Glance: Biden's Cannibal Story Causes Confusion in Papua New Guinea
- Joe Biden's claim that his uncle was eaten by cannibals in Papua New Guinea during World War Two has sparked confusion and criticism in the country.
- Official war records state that Finnegan died in a plane crash in the Pacific Ocean, with no mention of cannibalism or the plane being shot down.
- Analysts in Papua New Guinea consider Biden's comments unsubstantiated and poorly judged, especially as the US aims to strengthen ties with the country and counter Chinese influence in the region.
- Some residents were simply baffled by the remarks, while others found them unhelpful and damaging to Papua New Guinea's reputation, particularly after Biden cancelled a planned trip to the country last year.
Exclusive: Injury rates for Musk's SpaceX exceed industry average for second year
reuters.com/technology/injury-rates-musks-spacex-exceed-industry-average-second-year-2024-04-22/
Quick Glance: Injury Rates at SpaceX Exceed Industry Average
- Injury rates at SpaceX facilities surpassed industry average in 2023.
- Injuries at SpaceX locations worsened compared to 2022.
- Experts raise concerns about the quality of work at SpaceX.
- SpaceX and Musk have not publicly addressed safety record in detail.
Boeing and the Dark Age of American Manufacturing: Somewhere along the line, the plane maker lost interest in making its own planes. Can it rediscover its ...
theatlantic.com/ideas/archive/2024/04/boeing-corporate-america-manufacturing/678137/
China’s GDP grows 5.3% in the first quarter of 2024: China’s economy grew stronger than expected at the start of this year, partly thanks to robust factory ...
cnn.com/2024/04/15/business/china-q1-gdp-growth-intl-hnk/
Quick Glance: China's Economy Surprisingly Strong in Q1 2024
- China's economy experienced stronger growth than anticipated in the first quarter of this year, primarily due to the thriving high-tech manufacturing sector.
- In the initial quarter, industrial production saw a 6.1% increase compared to the previous year, driven by the flourishing high-tech industry. Notably, the manufacturing of 3D printing devices, electric vehicle charging stations, and electronic components surged by approximately 40% year-over-year.
- A recent official report highlighted a rise in China's manufacturing purchasing managers' index during the first quarter, marking the first increase in six months. Moreover, the Caixin/S&P Manufacturing PMI, a privately conducted survey, achieved its highest level in over a year as foreign demand grew.
- China's economy grew by 5.2% in 2023. Despite a significant improvement from the previous year, it still represented one of the country's weakest economic performances in more than thirty years.
'Crazy plane lady' Tiffany Gomas is now a right-wing influencer: You might recognise Tiffany Gomas as the woman who went viral last year for her "not real" rant ...
indy100.com/viral/tiffany-gomas-right-wing-influencer
Boeing whistleblower says 787 fleet should be grounded: Boeing engineer Sam Salehpour said in a Tuesday interview that he thinks all 787 jets should be grounded ...
thehill.com/homenews/4598076-boeing-whistleblower-says-787-fleet-should-be-grounded/
Boeing’s long fall, and how it might recover: The intense backlash against Boeing after the near catastrophe aboard an Alaska Airlines 737 Max in January wasn’t ...
columbian.com/news/2024/apr/14/boeings-long-fall-and-how-it-might-recover/
Boeing prosecutors aim to decide on criminal charge by early June: The US Justice Department could decide by the first week of June whether to tear up its ...
dailymaverick.co.za/article/2024-04-25-boeing-prosecutors-aim-to-decide-on-criminal-charge-by-early-june/
US Senate committee to hold hearing on Boeing safety culture report: The U.S. Senate Commerce Committee said on Thursday it would hold a hearing next week with ...
reuters.com/business/aerospace-defense/us-senate-committee-hold-hearing-boeing-safety-culture-report-2024-04-12/
Boeing wants to have flying cars by 2030: A company executive revealed the plans in a new interview
qz.com/boeing-wisk-autonomous-flying-cars-asia-2030-1851420651
Alaska Airlines briefly grounds all flights due to technical issue: Alaska Airlines briefly grounded all flights Wednesday due to a technical issue ...
apnews.com/article/alaska-airlines-flights-grounded-boeing-94da244ece3c2ceff2a98e8213ef24c4
Apple CEO Tim Cook arrives in Vietnam to meet users, boost supplier ties: Apple CEO Tim Cook arrived in Hanoi on Monday, starting a two-day visit to Vietnam ...
reut.rs/3UixyMj
Boeing execs were using company's private jets more than we thought : Boeing execs cost the company an additional $545,520 in personal travel in 2021 and 2022 ...
businessinsider.com/boeing-executives-private-jets-filing-2024-4
Huge sleeping alligator holds up flights at Florida air force base: A 10-foot-long alligator laying by a plane wheel chock at MacDill Air Force Base in Florida ...
metro.co.uk/2024/04/23/sleeping-alligator-holds-flights-florida-air-force-base-20703895/
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