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AVweb A trifecta of business cataclysms—COVID-19’s impact on air travel, the 737 MAX grounding, and a slow recovery in international air travel that has depressed demand for widebody aircraft—has dramatically impacted Boeing’s bottom line. In releasing its fourth-quarter 2020 financials today, Boeing says revenue declined by 15 percent in the fourth quarter and was down overall by 24 percent for the year compared to 2018, which was a significantly down year compared to 2018. Boeing’s net loss for 2020 of $11.9 billion is the largest it has ever had. Compounding COVID...

Boeing Posts Wider-Than-Forecast Q4 Loss, Delays 777X Launch: Revenues Beat TheStreet 1/27/2021 © TheStreet Boeing Posts Wider-Than-Forecast Q4 Loss, Delays 777X Launch: Revenues Beat Boeing Co. posted a much wider-than-expected fourth quarter loss Wednesday, and delayed the launch of its 777X widebody, as the planemaker continues to grapple with generational changes in airline demand triggered by the global coronavirus pandemic. Popular Searches Boeing said its adjusted core loss for the three months ending in December was pegged at $15.25 per share, down from a profit of $2.33 per sha...

By David Kaminski-Morrow2021-01-27T16:33:00+00:00 One crucial consequence of the Boeing 737 Max scrutiny is that development and certification work for the 737-10 will differ substantially from that of the earlier Max variants. Extensive analysis by the US FAA and European Union Aviation Safety Agency following the Max grounding two years ago has led not only to modifications on the current 737-8 and -9 but new requirements to be introduced with the -10. These will include an angle-of-attack ‘integrity enhancement’ to be developed and certified for the new, larger variant. Boeing has al...

The Straits Times Video of Boeing 737 Max cleared for return: EU regulators VIDEO: REUTERS https://str.sg/JKn2 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398. Let's go! Spin the wheel for ST Read and Win now.

Boeing Co posted a record $12bn annual loss on Wednesday as it delayed its all-new 777X jet again and booked a $6.5bn charge for the programme. The coronavirus crisis has exacerbated a drop in demand for the industry’s largest jetliners, with airline customers shunning deliveries of planes due to international travel restrictions, hurting cash flow at the United States planemaker. Boeing said it expects the 777X, a larger version of the 777 mini-jumbo, to enter service by late 2023, delaying the jet’s launch for the third time and booking a $6.5bn pre-tax charge. The company has been deve...