Latest Boeing Co News
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,...
Warning light prompts Boeing 737 to make emergency landing in Idaho
BOISE, Idaho. (AP) — An Air Canada Boeing 737 Max 8 landed safely in Idaho after experiencing an in-flight emergency Tuesday when pilots received a warning light in the flight deck, airline and airport officials said. The issue was determined to be a faulty cargo hold indicator,...
Boeing's CEO got compensation worth nearly $33 million last year but lost a $3 million bonus
Boeing CEO David Calhoun received compensation valued at $33 million last year, nearly all of it in stock awards, but his stock payout for this year will be cut by nearly one-fourth because of the drop in Boeing’s share price since the January blowout of a panel on one of its planes in midflight....
Boeing pays Alaska Airlines $160 million in compensation for the blowout of a panel during flight
Alaska Airlines says Boeing has paid the carrier $160 million in “initial compensation” for a panel that blew out of an Alaska Boeing 737 Max 9 jetliner in January. The airline said Thursday that it expects additional compensation, the terms of which it said are confidential. ...
United Airlines is asking pilots to take time off in May because of a shortage of new Boeing planes
United Airlines is asking its pilots to take time off in May because of delays in receiving new planes that the airline ordered from Boeing, which is struggling with production due to manufacturing problems. A United spokesperson said Monday that the offer is voluntary. ...
