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Every year it seems like Boeing (NYSE: BA) runs into more trouble. Some problems -- such as the tragic 737 MAX accidents -- are self-inflicted. Others, like the COVID-19 pandemic, are out of its ...
The strike is expected to deepen that financial hole. A 50-day work stoppage would cost Boeing $5.5 billion, investment bank TD Cowen said in a report reviewed by ABC News at the outset of the ...
(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 ...
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 has experienced all manner of bad news in the last six years, and almost nothing but problems. Later this month it could add a strike by 32,000 workers to its list of woes.
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 ...
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 ...
Boeing reported a massive third-quarter loss of more than $6 billion, as the airplane manufacturer was dragged down by a strike and billions in charges tied to its commercial aircraft and defense ...