More articles on this subject
Profile picture of The Hill (newspaper)
Southwest closing operations at 4 airports: Southwest is closing operations at four airports because of delivery delays for Boeing airliners ...
thehill.com/policy/transportation/4620933-southwest-closing-operations-four-airports/
Southwest closing operations at 4 airports
Quick Glance: Southwest and American Airlines Face Financial Challenges
  • Southwest Airlines, the largest carrier at San Antonio International Airport, will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing.

  • Southwest will also trim flights in Atlanta and at O’Hare International Airport to focus on more profitable locations, expecting to receive only 20 new 737 Max 8 jets from Boeing this year, down from the anticipated 46.

  • CEO Robert Jordan stated Southwest was reacting quickly to address financial underperformance by slowing down hiring and asking employees to take time off.

  • American Airlines, San Antonio’s second-largest carrier, reported a loss of $312 million as labor costs rose by 18%. The airline expects to return to profitability in the second quarter with earnings between $1.15 and $1.45 per share.
Profile picture of Bloomberg
Boeing’s (BA) Credit Rating Slashed by Moody’s to to Baa3, One Step From Junk: Moody’s Ratings downgraded Boeing Co.’s credit score to one notch from junk as ...
bloomberg.com/news/articles/2024-04-24/moody-s-slashes-boeing-s-credit-rating-to-one-step-from-junk
Boeing’s (BA) Credit Rating Slashed by Moody’s to to Baa3 ...
Profile picture of Aviation Week Network
Alaska Airlines May Opt To Cull Future Boeing Deliveries: Alaska Air Group is unsure how many aircraft it will receive from Boeing in 2024.
aviationweek.com/air-transport/airlines-lessors/alaska-airlines-may-opt-cull-future-boeing-deliveries
Alaska Airlines May Opt To Cull Future Boeing Deliveries
Profile picture of Bloomberg
Boeing’s Revival Roadmap Put to Test by Dwindling Time and Cash: Boeing Co.’s assurance that it can pull itself together in the next three months is giving rise ...
trib.al/BuwYdMY
Boeing’s Revival Roadmap Put to Test by Dwindling Time and Cash
Profile picture of AeroTime Hub
Boeing makes its largest-ever sustainable aviation fuel purchase  : US planemaker Boeing has announced it has made its largest ever the largest sustainable ...
aerotime.aero/articles/boeing-makes-its-largest-ever-sustainable-aviation-fuel-purchase
Boeing makes its largest-ever sustainable aviation fuel purchase  
Profile picture of Bloomberg
Boeing’s $3.9 billion cash burn adds urgency to revival plan: Boeing ended the reporting period with $7.5 billion in cash and short-term securities ...
bloomberg.com/news/articles/2024-04-24/boeing-s-3-9-billion-cash-burn-adds-urgency-to-quality-reboot
Boeing’s $3.9 billion cash burn adds urgency to revival plan
Profile picture of Reuters
Guess what: Boeing can be spelled without G and E: Boeing’s problems are now as big as its 747 jumbo-jet. Years of dubious decisions have eroded much of the ...
reuters.com/breakingviews/guess-what-boeing-can-be-spelled-without-g-e-2024-04-17/
Guess what: Boeing can be spelled without G and E
Profile picture of Reuters
Profile picture of The Seattle Times
Boeing retaliated against its own engineers working for FAA, union says: Boeing's engineering union alleges management retaliated against two engineers ...
seattletimes.com/business/boeing-aerospace/boeing-retaliated-against-its-own-engineers-working-for-faa-union-says/
Boeing retaliated against its own engineers working for FAA, union says
Profile picture of Quartz
Red Lobster could file for bankruptcy soon: Private deliberations are ongoing and a final decision has not yet been finalized
qz.com/red-lobster-chapter-11-bankruptcy-express-1851416906
Red Lobster could file for bankruptcy soon
Quick Glance: Red Lobster Considers Bankruptcy
  • The seafood chain Red Lobster is exploring a potential Chapter 11 filing to restructure its debts, based on insider insights.

  • Legal guidance for Red Lobster is provided by King & Spalding. The restaurant chain is contemplating terminating long-term contracts and renegotiating a variety of leases.

  • A sign reading “Open For Takeout & Free Delivery” is displayed outside a Red Lobster establishment in Secaucus, New Jersey, USA.

  • Established in 1968 in Lakeland, Florida, Red Lobster started with a single restaurant. The introduction of their famous cheese-flavored biscuits occurred in 1992, and the chain now operates hundreds of locations in the US, Canada, and international franchises.
Profile picture of Bloomberg
Boeing’s Spirit AeroSystems talks hit snag over Airbus: Boeing's plan to buy back supplier Spirit AeroSystems has become mired in protracted discussions over ...
bloomberg.com/news/articles/2024-04-23/boeing-bid-for-spirit-aerosystems-hits-snag-over-airbus-assets
Boeing’s Spirit AeroSystems talks hit snag over Airbus
Profile picture of Investor's Business Daily
While Boeing Takes A Beating, This Aerospace Stock Takes Flight: While Boeing continues to flounder, fellow aerospace peer Heico has just launched a breakout ...
investors.com/research/breakout-stocks-technical-analysis/heico-stock-boeing-stock/
While Boeing Takes A Beating, This Aerospace Stock Takes Flight
Profile picture of Reuters
Departing Boeing CEO gets nearly $33 million in 2023 total compensation: The 2023 pay package of Boeing's CEO, who recently announced his departure in the midst ...
reuters.com/business/aerospace-defense/departing-boeing-ceo-gets-nearly-33-million-2023-total-compensation-2024-04-05/
Departing Boeing CEO gets nearly $33 million in 2023 total compensation
Quick Glance: Boeing CEO receives nearly $33 million in 2023 total compensation
  • Boeing CEO Dave Calhoun received nearly $33 million in total compensation in 2023, with much of it in deferred stock that decreased in value after an incident.

  • Calhoun's retirement payouts were valued at over $44 million as of year-end 2023.

  • Boeing underwent a management shakeup due to quality concerns from regulators and customers.

  • Boeing revamped its executive compensation policies to prioritize product safety and quality after two fatal 737 MAX crashes.
Profile picture of The Wall Street Journal
Opinion | The Boeing Just-So Story: Aviation romantics aren’t helping a troubled company get back on track.
wsj.com/articles/the-boeing-just-so-story-flight-travel-2b239a61
Opinion | The Boeing Just-So Story
Profile picture of The Columbian
Boeing’s long fall, and how it might recover: The intense backlash against Boeing after the near catastrophe aboard an Alaska Airlines 737 Max in January wasn’t ...
columbian.com/news/2024/apr/14/boeings-long-fall-and-how-it-might-recover/
Boeing’s long fall, and how it might recover
Profile picture of Quartz
Boeing rival Airbus just hired JetBlue's former CEO to run its North American business
qz.com/airbus-robin-hayes-jetblue-boeing-north-american-ceo-1851426790
Boeing rival Airbus just hired JetBlue's former CEO to run its North ...
Profile picture of Quartz
Boeing executives got twice as much in plane perks as the company said: The plane manufacturer disclosed that its C-suite got more than $500 ...
qz.com/boeing-executives-private-plane-wsj-1851404583
Boeing executives got twice as much in plane perks as the company said
Profile picture of Orlando Sentinel
Astronauts arrive to KSC as 1st crew for Boeing’s Starliner spacecraft: Veteran NASA astronauts Butch Wilmore and Suni Williams arrived to Kennedy Space Center ...
orlandosentinel.com/2024/04/25/astronauts-arrive-to-ksc-as-1st-crew-for-boeings-starliner-spacecraft/
Astronauts arrive to KSC as 1st crew for Boeing’s Starliner spacecraft
Profile picture of Financialexpress
Meet Russell Mehta, the successful tycoon and father of Shloka Mehta; Know about Mukesh Ambani’s ‘Samadhi’, his education, net worth, and more
financialexpress.com/web-stories/lifestyle/meet-russell-mehta-the-successful-tycoon-and-father-of-shloka-mehta-know-about-mukesh-ambanis-samadhi-his-education-net-worth-and-more/
Meet Russell Mehta, the successful tycoon and father of Shloka Mehta; Know ...
Profile picture of GQ India
Mukesh Ambani gifted a lavish home worth Rs 1500 Crore to his friend, a private jet worth Rs 240 Crore to his wife — other expensive gifts Mukesh Ambani gave ...
gqindia.com/content/mukesh-ambani-gifted-a-lavish-home-worth-rs-1500-crore-to-his-friend-a-private-jet-worth-rs-240-crore-to-his-wife-other-expensive-gifts-mukesh-ambani-gave-to-his-loved-ones
Mukesh Ambani gifted a lavish home worth Rs 1500 Crore to his friend ...
Profile picture of Quartz
Boeing wants to have flying cars by 2030: A company executive revealed the plans in a new interview
qz.com/boeing-wisk-autonomous-flying-cars-asia-2030-1851420651
Boeing wants to have flying cars by 2030
Profile picture of Kiplinger
Stock Market Today: Stocks Run Out of Steam Ahead of Meta Earnings: The Dow Jones Industrial Average snapped a four-day winning streak after Boeing's ...
kiplinger.com/investing/stocks/stock-market-today-stocks-run-out-of-steam-ahead-of-meta-earnings
Stock Market Today: Stocks Run Out of Steam Ahead of Meta Earnings
Profile picture of The Wall Street Journal
Boeing Engineer Says Company Used Shortcuts to Fix 787 Jets: Complaint to regulators says the company dismissed quality and safety concerns during production of ...
on.wsj.com/3PVyx2u
Boeing Engineer Says Company Used Shortcuts to Fix 787 Jets
Profile picture of Quartz
Airbus just confirmed it will leave Boeing in the dust this year: It's not expecting to deal with any of the production slowdowns that have plagued its American ...
qz.com/airbus-boeing-plane-delivery-expectations-1851400965
Airbus just confirmed it will leave Boeing in the dust this year
Profile picture of Robb Report
How Military Aircraft and Business Jets Are Looking to Each Other for Inspiration
robbreport.com/motors/aviation/military-aircraft-design-factoring-into-business-jets-1235582156/
How Military Aircraft and Business Jets Are Looking to Each Other for ...
Profile picture of The Seattle Times
Boeing says no 787 safety risk after whistleblower raises troubling claims: At its 787 Dreamliner manufacturing complex in South Carolina on Monday ...
seattletimes.com/business/boeing-aerospace/boeing-says-no-787-safety-risk-after-whistleblower-raises-troubling-claims/
Boeing says no 787 safety risk after whistleblower raises troubling claims
Profile picture of The Sydney Morning Herald
This vibrant city in India claims one of the richest homes in the world: Antilia, the sky-scraping private residence of Indian billionaire Mukesh Ambani ...
smh.com.au/lifestyle/life-and-relationships/this-vibrant-city-in-india-claims-one-of-the-richest-homes-in-the-world-20240402-p5fgqh.html
This vibrant city in India claims one of the richest homes in the world
Profile picture of Daily Maverick
Boeing prosecutors aim to decide on criminal charge by early June: The US Justice Department could decide by the first week of June whether to tear up its ...
dailymaverick.co.za/article/2024-04-25-boeing-prosecutors-aim-to-decide-on-criminal-charge-by-early-june/
Boeing prosecutors aim to decide on criminal charge by early June
Profile picture of AeroTime Hub
UPS requires over 300 pilots after winning US Postal Service contract from FedEx: UPS is looking to hire more than 300 pilots after the company secured a ...
aerotime.aero/articles/ups-pilots-recruit-usps
UPS requires over 300 pilots after winning US Postal Service contract from ...
Profile picture of Westdeutsche Allgemeine Zeitung
Chinooks over Duisburg again and again: what's behind it all: The "Koniklijke Luchtmacht" flew over Duisburg several times with the Boeing Chinook CH-47F ...
waz.de/staedte/duisburg/article242056990/Immer-wieder-Chinooks-ueber-Duisburg-Das-steckt-dahinter.html
Chinooks over Duisburg again and again: what's behind it all
Profile picture of WION
West Asia crisis: US deploys ‘CHAMP’ missile that can FRY Iranian nuclear equipment
wionews.com/world/west-asia-crisis-us-deploys-champ-missile-that-can-fry-iranian-nuclear-equipment-713342
West Asia crisis: US deploys ‘CHAMP’ missile that can FRY Iranian nuclear ...
Profile picture of The Stranger (newspaper)
'Seattle Times' Finally Admits Mudede Was Right About Boeing's Downfall: Why was Charles so right about this bad business in the first place?
thestranger.com/transportation/2024/04/09/79460588/seattle-times-admits-mudede-was-right-about-boeings-downfall
'Seattle Times' Finally Admits Mudede Was Right About Boeing's Downfall
Profile picture of Barron's
Boeing Adds Safety Goals for CEO After Record 2023 Pay: The chief executive, who is stepping down at the end of the year, made $32.8 million, up from $22 ...
barrons.com/articles/boeing-ceo-pay-raise-2023-safety-target-b4948772
Boeing Adds Safety Goals for CEO After Record 2023 Pay
Profile picture of Khaleej Times
Watch: Anant Ambani spotted in Dubai Mall, arrives in Rolls Royce Cullinan - News | Khaleej Times
khaleejtimes.com/entertainment/watch-anant-ambani-spotted-in-dubai-mall-arrives-in-rolls-royce-cullinan
Watch: Anant Ambani spotted in Dubai Mall, arrives in Rolls Royce Cullinan ...