Boeing to take $2.1 billion 2Q hit across 3 programs

Atwonline.com

Click here to subscribe to Atwonline.com

8 years ago

Html
Text

View Web Version | Add to Safe Sender List

ATW
Daily News
Business news and events affecting the global airline industry

July 21, 2016

ATW News - For latest news go to ATWOnline.com

Boeing to take $2.1 billion 2Q hit across 787, 747-8 & KC-46 programs

Boeing will report after-tax charges totaling $2.1 billion across three aircraft programs—the 787, 747-8 and KC-46 aerial refueler—in its July 27 second-quarter earnings release, the company has revealed.

FULL ARTICLE

Southwest tech failure causes 12-hour shutdown, 1,000 cancellations

Southwest Airlines canceled hundreds of flights following a systemwide technology outage that began at 1 p.m. CST Wednesday, July 20.

FULL ARTICLE

Southwest posts $820 million 2Q net profit

Dallas-based Southwest Airlines posted a 2016 second-quarter net income of $820 million, up 34.9% year-over-year (YOY), compared to a net profit of $608 million in the year-ago quarter.

FULL ARTICLE

Lufthansa lowers 2016 forecast on political, economic uncertainties

Germany-based Lufthansa has lowered its full-year profit forecast after a significant decline in advanced long-haul bookings to Europe following repeated terrorist attacks in Europe amid greater political and economic uncertainty.

FULL ARTICLE

Alaska expects to make Virgin America brand decision by early 2017

Alaska Air Group has reached an agreement with the US Department of Justice (DOJ) on the timing of the antitrust review of its proposed acquisition of Virgin America and expects the merger to close in the 2016 fourth quarter, according to Alaska CEO Brad Tilden.

FULL ARTICLE

ATW Editor's Blog

Boeing 787 financial hit underscores cost of launching a new airliner

Karen Walker

That Boeing has had problems with the three aircraft programs that will lead to the company taking a $2.1 billion hit in its second-quarter earnings was not a surprise. But the size of the hit was a shock.

FULL ARTICLE