Boeing reported a slightly smaller loss in the first quarter compared to the same time a year ago, but said fixing the problems that got attention after the Alaska Air incident will push back its financial recovery.
Alaska Airlines said Boeing paid it $162 million so far in compensation for the 737 Max grounding.
Two Boeing engineers said their poor—and identical—performance reviews were the company lashing out over their raised safety concerns.
(Associated Press) – Boeing said Wednesday that it lost $355 million on falling revenue in the first
Boeing said today 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.
Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.
Verizon has also partnered with streaming services to attract customers. Starting last Thursday, its latest promotional bundle includes six months of free access to Disney's services for new and existing customers on some plans. In December, it began offering discounted subscriptions to Netflix and Max on some myPlan bundles.
Southwest plans to stop flying to Cozumel, Mexico; Syracuse, New York; Bellingham, Washington; and George Bush Intercontinental Airport in Houston, where the airline’s major operation is at smaller Hobby Airport. American Airlines also posted losses in the first quarter.
The flight bound for Los Angeles forced to return to New York
DETROIT — Sales of Ford Motor 's trucks and other commercial vehicles led
Despite the charges, Boeing's plan to get its defense unit back to high single-digit margins by the 2026 timeframe “remains intact," Chief Financial Officer Brian West said.
United Airlines said the man and his girlfriend appeared ‘intoxicated’ on the London Heathrow to New Jersey flight in March