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Boeing sees light at end of tunnel

Boeing sees light at end of tunnel

23 July 2009 Airline News

After a torrid past year, Boeing has turned a corner by reporting a 17 percent rise in profits for the second quarter, comfortably beating Wall Street expectations. It also announced that it has fixed the structural problem that has delayed the launch of the Dreamliner.

Standing room only for Ryanair

6 July 2009 Press Release Airline News

Ryanair chief executive Michael O’Leary is considering plans for passengers to stand during flights so more people can be squeezed onboard.

Boeing Dreamliner hit with further delays

24 June 2009 Press Release Airline News

Boeing has once again been forced to delay the maiden flight of its new eco-friendly 787 Dreamliner, despite announcing at last week’s Paris Air Show that it would be airbourne by the end of this month.The Seattle-based manufacturer said a side section of the aircraft needs to be reinforced, making it “several weeks” before it is able to confirm a new flight and delivery schedule.

Boeing cuts forecasts for first time in 10 years

12 June 2009 Press Release Airline News

Boeing has trimmed its forecast for new plane order for the first time in 10 years due to the global downturn severely denting both consumer and cargo demand. The Seattle-based aviation giant expects 29,000 commercial planes to be ordered over the next 20 years, with a market value of $3.2 trillion, down from its forecast of 29,400 last year.

Boeing braves unprecedented market

23 April 2009 Press Release Airline News

A radical cut-back in airline spending has forced Boeing to lose more aircraft orders than it gained over the first quarter of this year.Unveiling its first quarter results, the Seattle-based aerospace giant said that it received bookings for 28 aircraft but lost 32. Profits during the period halved to $610 million from $1.2 billion in the same period last year.

Boeing bears brunt of aviation crisis

2 February 2009 Press Release Airline News

Boeing has reported an unexpected fourth-quarter loss and forecast 2009 earnings well below estimates as it struggles with a dip in demand for its planes amid the downturn. The manufacturer is also still reeling from a two-month strike by its assembly workers.Boeing, which fell behind arch rival Airbus in the race for plane orders last year, reported a quarterly loss of US$56 million, compared with a profit of US$1.03 billion for the same period a year earlier.

S7 pulls US$2.4bn Boeing order

29 January 2009 Press Release Airline News

Boeing has been dealt yet another blow after Russian airline S7 cancelled an order worth $2.4bn for 15 Boeing-787 Dreamliner aircraft. It is the first airline to cancel a major contract for the 787.The news will come as a blow to Boeing after it yesterday revealed plummeting profits and announced it was cutting 10,000 jobs, equivalent to 6 percent of its 162,200-strong workforce, as the demand for new planes continues to weaken.