Tag: $Boeing

China has ordered its airlines not to take any further deliveries of Boeing (BA.N),  jets in response to the U.S. decision to impose 145% tariffs on Chinese goods, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Boeing on Tuesday denied fluctuations in the production of its 737 MAX jetliner after an industry publication said it had hit a key target only to fall back due to industrial delays.

Boeing’s cash burn is easing this quarter and its factories are improving to deliver more planes this year, the aerospace giant’s finance chief said Wednesday, as the company works to turn a corner on several manufacturing and safety crises.

Boeing reported on Tuesday an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S. West Coast factory workers.

Ryanair has been forced to cut its forecast for passenger numbers for a second time, as delivery delays from Boeing continue to dent its growth ambitions.

Boeing reported preliminary fourth quarter results on Thursday after the bell, estimating a whopping $3.5 billion operating cash flow loss due to the effects of the IAM (International Association of Machinists) work stoppage, alongside workforce reductions and changes to its defense business.

Boeing is conducting more surprise inspections at its factories as part of a broader plan to prevent manufacturing snafus like the one that led to a jet-panel blowout on an Alaska Air flight a year ago. 

The Federal Aviation Administration’s tougher oversight of Boeing will continue indefinitely, the agency’s outgoing head said on Friday, nearly a year after a door panel missing four key bolts flew off a new Alaska Airlines 737 MAX 9 in mid-air.

Boeing shares fell sharply on Monday morning after South Korea’s acting president Choi Sang-mok ordered an emergency inspection of the country’s entire airline operations in the wake of the Jeju Air plane crash on Sunday that killed 179 people. 

Taiwan’s China Airlines Ltd. will order two dozen Boeing Co. and Airbus SE long-range passenger and air cargo jets as it seeks to renew its fleet of older planes.

Boeing will lay off more than 2,500 workers in the U.S. states of Washington, Oregon, South Carolina and Missouri, according to federally required filings posted on Monday and a union official, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce.

Boeing has finally reached a deal with union employees to end a damaging strike, allowing the focus to shift to other significant issues, such as making more planes.

Boeing rose 2% before the bell on Friday after the U.S. planemaker bumped its wage hike offer to about 33,000 striking workers, its latest effort to end a damaging strike after two earlier contract offers were rebuffed by employees.

Boeing is selling stock to help repair its ailing balance sheet. Shares were up, a little, shortly after the announcement.

Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg’s plan to shore up the finances of the struggling planemaker.

Boeing Co.’s stock was slightly lower Wednesday, after the troubled aerospace giant’s third-quarter earnings showed better-than-expected revenue despite the impact of a strike by machinists, weighing against a wider-than-expected loss.

 Boeing is expected to book more than $1 billion in wage-related expenses from its proposed labor contract, analysts said, although its shares rose 4% on Monday on hopes of an end to a crippling strike.

Boeing stock was retreating in premarket trading Monday after dropping some big news on Friday evening

Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.

Boeing Co. is considering raising at least $10 billion by selling new stock, as the planemaker seeks to replenish cash reserves depleted further by an ongoing strike, according to people familiar with the discussions.