Dave Calhoun, President of Boeing. Adam Jeffery | CNBC Boeing CEO Dave Calhoun said Wednesday he was “hopeful” that demand for new planes, devastated by the coronavirus pandemic, would begin to pick up in the second half of next year. Cancellations of Boeing planes are outpacing new orders this year …
Read More »Boeing (BA) Q2 2020 Reports Earnings, Warns of New Job Cuts
Boeing said on Wednesday it plans to cut production from planes and warned of further reductions in its workforce as the impact of the coronavirus pandemic affects demand for air travel. The pandemic has caused financial losses for Boeing airline customers and has affected demand for new aircraft. Boeing was …
Read More »JetBlue Airways switches to quarterly losses as coronavirus reduced revenue by 90%
A Jet Blue plane takes off from Long Beach Airport in Long Beach, CA. Tim Rue | Bloomberg | fake pictures JetBlue Airways said Tuesday it lost in the second quarter and forecast revenue will drop approximately 80% in the third quarter as the coronavirus pandemic promises a choppy recovery …
Read More »The FAA warns of possible engine shutdowns in the safety directive on older Boeing 737 aircraft
A Southwest Airlines Boeing 737-700 (LN2318) on final approach after a pre-delivery test flight at dusk. aviation-images.com | Universal Images Group via Getty Images The Federal Aviation Administration on Friday ordered airlines to inspect some stored Boeing 737 aircraft for corrosion that could lead to engine shutdown, as hundreds of …
Read More »Airlines lose billions when demand ‘stalls’, CEOs warn recovery depends on vaccine
A bird flies in the foreground when a Southwest Airlines plane lands at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | fake pictures American Airlines and Southwest Airlines posted quarterly losses Thursday and their CEOs warned of falling demand as coronavirus cases rise in …
Read More »