Alwyn's Feed
May 12, 2015

Boeing says efficiency supports strong outlook, despite hurdles

NEW YORK (Reuters) – Citing steady demand from airlines, Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) said on Tuesday it is capable of raising 737 jetliner output by 43 percent to 60 a month, as it gave a rosy outlook despite concerns about orders, overall production and defense spending.

Boeing Chief Executive Jim McNerney said market fundamentals that support higher jetliner production are unchanged, despite recent deferrals of aircraft deliveries by American Airlines (AAL.O: Quote, Profile, Research, Stock Buzz) and United Continental Holdings (UAL.N: Quote, Profile, Research, Stock Buzz), which he termed normal fleet optimization decisions.

Apr 28, 2015

Boeing looks to car industry expert for jet production savings

By Tim Hepher and Alwyn Scott

(Reuters) – Boeing (BA.N: Quote, Profile, Research, Stock Buzz) plans to use newer and more standardised manufacturing techniques for its new 777X jetliner, paving the way for “significant” savings as it gradually feeds the changes back into existing assembly lines, a senior executive said.

The approach will draw increasingly on lessons learned from outside the aerospace industry and comes as the focus of the intense rivalry between Boeing and Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) shifts toward production strategies after a record boom in orders.

Apr 22, 2015

Boeing cash concerns overshadow profit growth, shares stumble

SEATTLE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research) shares dropped as much as 3 percent on Wednesday despite strong earnings, reflecting concerns about the aerospace company’s cash flow, orders and costs.

Boeing Chief Executive Officer Jim McNerney said the company was on track to hit financial and production targets for the year, including delivering 750-755 jetliners, reaping more than $9 billion in operating cash flow and reducing production costs on its high-tech 787 Dreamliner.

Apr 22, 2015

Boeing first-quarter profit jumps 38 percent on higher jet deliveries

By Alwyn Scott and Sagarika Jaisinghani

(Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) on Wednesday reported a 38 percent rise in first-quarter net profit, driven largely by rising production of commercial aircraft, sending shares down more than 1 percent in premarket trading.

Core earnings, which exclude pension and other costs, rose 12 percent to $1.97 per share from $1.76 a year earlier. Analysts polled by Thomson Reuters I/B/E/S expected $1.81 a share.

Apr 22, 2015

Boeing 1st-qtr profit jumps 38 percent on higher jet deliveries

April 22 (Reuters) – Boeing Co on Wednesday reported
a 38 percent rise in first-quarter net profit, driven largely by
rising production of commercial aircraft, sending shares down
more than 1 percent in premarket trading.

Core earnings, which exclude pension and other costs, rose
12 percent to $1.97 per share from $1.76 a year earlier.
Analysts polled by Thomson Reuters I/B/E/S expected $1.81 a
share.

Apr 17, 2015

Union postpones election at Boeing South Carolina plant

By Alwyn Scott and Sagarika Jaisinghani

(Reuters) – The union trying to organize Boeing Co’s
South Carolina plant withdrew its petition for an April 22
election, citing “a toxic environment and gross violations of
workers’ lawful organizing rights.”

The decision, which delays the date for an election by at
least six months, was made after organizers for the
International Association of Machinists & Aerospace Workers
conducted home visits with more than 1,700 Boeing workers, the
union said in a statement on Friday.

Apr 16, 2015

Insight – The jumbo jet faces a make or break year at Boeing, Airbus

Seattle/Paris (Reuters) – The jumbo jet, for many years the workhorse of modern air travel, could be close to running out of runway.

    Last year, there were zero orders placed by commercial airlines for new Boeing 747s or Airbus A380s, reflecting a fundamental shift in the industry toward smaller, twin-engine planes. Smaller planes cost less to fly than the stately, four-engine jumbos, which can carry as many as 525 passengers.

Apr 16, 2015

The jumbo jet faces a make or break year at Boeing, Airbus

Seattle/Paris April 16 (Reuters) – The jumbo jet, for many
years the workhorse of modern air travel, could be close to
running out of runway.

Last year, there were zero orders placed by commercial
airlines for new Boeing 747s or Airbus A380s, reflecting a
fundamental shift in the industry toward smaller, twin-engine
planes. Smaller planes cost less to fly than the stately,
four-engine jumbos, which can carry as many as 525 passengers.

Apr 14, 2015

Union might postpone vote seeking to organize Boeing’s S. Carolina plant

NORTH CHARLESTON, South Carolina (Reuters) – Labor union
officials say they could postpone a vote seeking to organize
3,000 workers at Boeing Co’s factory here in South Carolina if
their campaign fails to gain enough traction against fierce
opposition from the company and local politicians.

Organizers for the International Association of Machinists
(IAM) are going door-to-door this week to gauge backing for the
April 22 vote, and to make their case that union representation
in the North Charleston plant would mean better pay and less
taxing work schedules.

Apr 14, 2015

Exclusive: Union might postpone vote seeking to organize Boeing’s South Carolina plant

NORTH CHARLESTON, South Carolina (Reuters) – Labor union officials say they could postpone a vote seeking to organize 3,000 workers at Boeing Co’s factory here in South Carolina if their campaign fails to gain enough traction against fierce opposition from the company and local politicians.

    Organizers for the International Association of Machinists (IAM) are going door-to-door this week to gauge backing for the April 22 vote, and to make their case that union representation in the North Charleston plant would mean better pay and less taxing work schedules.