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Boeing Q1 Loss Narrows

Boeing Q1 Loss Narrows
CHICAGO (dpa-AFX) - Boeing Co. (BA) on Wednesday reported a loss for the first-quarter that narrowed from last year, reflecting year-over-year KC-46A Tanker improvement, higher 737 deliveries, and lower commercial airplanes period costs, partially offset by lower tax benefits and higher interest expense. Quarterly revenues declined 10 percent from the previous year. The company cautioned that the COVID-19 pandemic continues to challenge the global aircraft market.
While the global pandemic continues to challenge the overall market environment, we view 2021 as a key inflection point for our industry as vaccine distribution accelerates and we work together across government and industry to help enable a robust recovery, said Boeing President and Chief Executive Officer Dave Calhoun. ....

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Boeing Reports First-Quarter Results

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The Boeing Company [NYSE: BA] reported first-quarter revenue of $15.2 billion, primarily driven by lower 787 deliveries and commercial services volume, partially offset by higher 737 deliveries and higher KC-46A Tanker revenue (Table 1). GAAP loss per share of ($0.92) and core loss per share (non-GAAP) of ($1.53) reflect year-over-year KC-46A Tanker improvement, higher 737 deliveries, and lower commercial airplanes period costs, partially offset by lower tax benefits and higher interest expense. Boeing recorded operating cash flow of ($3.4) billion.
I am proud of the progress our global team made across our business in the first quarter as we continued to transform our enterprise, strengthen our safety processes, and sustain critical investments for our future, said Boeing President and Chief Executive Officer Dave Calhoun. While the global pandemic continues to challenge the overall market environment, we view 2021 as a key inflection point for our in ....

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Cargill names first female CFO

Cargill names first female CFO
farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.

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Electric Vertical Take-Off & Landing (eVTOL) Aircraft Market Expected To Exceed $200 Million By 2027

Electric Vertical Take-Off & Landing (eVTOL) Aircraft Market Expected To Exceed $200 Million By 2027
PALM BEACH, Fla., March 10, 2021 /PRNewswire/ Electric Vertical Take-off and Landing (eVTOL) is an electric or hybrid aircraft that can hover, take off, and land vertically. eVTOL, electric vertical takeoff and landing, is a type of aircraft that uses electrical propulsion to takeoff, hover, and land vertically. They are designed for urban air mobility, cargo deliveries, and Military Surveillance. The electric vertical takeoff and landing (eVTOL) aircraft is the next generation of autonomous electric aircraft that offers enhanced safety, comfort, and reduced noise. The eVTOL aircraft industry will be witnessing massive growth mainly because of the increase in the global urban population followed by the traffic congestion. According to the United Nations, in 2018, around 55% of the world s population lived in urban areas and is expected to increase to 68% by 2050. Therefore, d ....

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Fan attendance at the Super Bowl provides hope for the rest of 2021

Fan attendance at the Super Bowl provides hope for the rest of 2021
As sports weigh more in-person attendance, lessons from the past year can be helpful.
By EDITORIAL BOARD, Star Tribune
February 6, 2021 6:00pm
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The sight of fans in the stands at any Super Bowl often brings a bit of wish I were there envy from those watching at home. This year, expect pangs of wistfulness, too, as the camera pans the crowd at Raymond James Stadium in Tampa, Fla.
The crowd at Sunday s big game will be limited to less than half the stadium s capacity, and tickets came with KN-95 masks. It s far from normal. Nevertheless, seeing others take in the big game in person will remind many of the shortened seasons and many empty stadiums that COVID-19 caused. ....

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