Latest Boeing Co News
Boeing's financial woes continue, while families of crash victims urge US to prosecute the company
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers. ...
Oil sprays from an ANA flight carrying 213 people as it lands in northern Japan
TOKYO (AP) — Oil sprayed from an All Nippon Airways plane as it landed Wednesday at Shin Chitose airport in northern Japan, but none of the 213 people on board was injured, officials said. The nonflammable oil from a control system evaporated as it contacted a hot engine, giving...
Boeing: Q1 Earnings Snapshot
ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Boeing Co. (BA) on Wednesday reported a loss of $343 million in its first quarter. On a per-share basis, the Arlington, Virginia-based company said it had a loss of 56 cents. Losses, adjusted for non-recurring gains, were $1.13 per...
As airplane makers struggle to meet demand, Morocco wants to become a manufacturing hub
CASABLANCA, Morocco (AP) — Moroccan officials want to turn the country into an aviation hub, luring investors aiming to spread out their supply chains to more nations with available and affordable workers. The North African kingdom is among a longer list of countries vying for...
Boeing put under Senate scrutiny during back-to-back hearings on aircraft maker's safety culture
An engineer at Boeing said Wednesday that the aircraft company, in rushing to produce as many planes as possible, is taking manufacturing shortcuts that could lead to jetliners breaking apart. “They are putting out defective airplanes,” the engineer, Sam Salehpour, told members...
United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes
United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January. United indicated it would receive far fewer new planes from Boeing this...
Boeing pushes back on whistleblower's allegations and details how airframes are put together
Boeing is defending the integrity of the fuselages on two of its largest planes, which have come under criticism from a whistleblower who warns that panels on the outside of one of the planes could eventually break apart during flight. Two Boeing engineering executives went into...
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: JPMorgan Chase & Co., down $12.64 to $182.79. The bank gave investors a lower-than-expected forecast for its annual net interest income. Newmont Corp., down 43...
Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares
Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing off a jetliner in flight to a tire falling off...
Congress summons Boeing's CEO to testify on its jetliner safety following new whistleblower charges
SAN FRANCISCO (AP) — A Senate subcommittee has summoned Boeing CEO David Calhoun to testify about the company's jetliners in an inquiry prompted by new safety-related charges from a whistleblower. The panel said it will hold a hearing next week featuring a Boeing quality engineer,...
