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The COVID-19 pandemic has had a significant impact on the airline industry due to travel restrictions and a decimation in demand among travelers. Significant reductions in passenger numbers have resulted in flights being cancelled or planes flying empty between airports, which in turn massively reduced revenues for airlines and forced many ...
In July 2020, WestJet retired its entire Boeing 767-300ER fleet due to old age and disruptions caused by the pandemic, in favor of only using Boeing 787-9 Dreamliners for long-haul routes. [213] It was, however, announced in April 2020 that the commencement of Zipair Tokyo would be postponed due to the pandemic. [214]
(Boeing continued to build the 737 Max throughout the crisis). Then, of course, the pandemic happened, which dealt an even tougher blow to the company, resulting in nearly $12 billion in losses ...
Boeing reported on Tuesday an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S ...
The troubled aerospace giant Boeing says it delivered just 348 aircraft to its customers last year, its lowest output since the pandemic. Boeing ended the year with a backlog of 5,595 unfilled orders.
U.S. airlines carried over 900 million passengers in 2023, over one-quarter more than in 2013 and roughly matching pre-pandemic numbers. Boeing produced around 40% of the 29,000 commercial ...
Boeing, a Chicago-based company, is the target of over 100 cases in U.S. District Court in Chicago. In October 2019, the company hired Dan K. Webb, co-executive chairman of the Winston & Strawn law firm; he will work with a team of attorneys on the lawsuits filed on behalf of the victims of both accidents. [25]
Boeing's CEO said Monday that it will take years for the aircraft-building business to return to levels seen before the coronavirus pandemic, which has slowed air travel to a trickle and led ...