Reuters reports that Boeing reported a smaller second-quarter loss on Tuesday “as the U.S. planemaker ramped up jet production and deliveries, recovering from a regulatory crisis and a major strike that halted most production last year.” Shares of the company rose 1.5% in premarket trading.
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Tag: Rise
Boeing Delivers 60 Aircraft in June
Reuters reports, “U.S. aeronautics company Boeing (BA.N), said on Tuesday that it delivered 60 airplanes in June, a 27% increase compared to a year earlier … Boeing booked 116 new orders in June, including 54 737 MAXs and 62 787s.”
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Army Orders Additional Safety Training as Helicopter Crashes Rise
Defense News reports, “The Army has ordered an aviation “safety stand up,” with additional aviation training across the force following a dozen mishaps that have resulted in 10 fatalities in only the first six months of the fiscal year. By comparison, the Army had 10 mishaps and 14 fatalities for all fiscal 2023.”
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Embraer Sees Backlogs Rise in Q3
Aviation Week reports that Embraer “delivered 28 executive aircraft and 15 commercial aircraft during the third quarter (Q3) of 2023, up 30% from 33 total aircraft delivered for the period a year ago.” The Brazil-based manufacturer “delivered 19 light jets and nine midsize jets during the quarter, up 22% from a year ago.”
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Airlines See Demand Rise as Rebound from COVID Continues
The Houston Chronicle reports that airlines “that cut back to survive the crisis are now blowing through profit forecasts and luring back investors.” One example of this is Virgin Australia, which has “undergone a remarkable transformation under new owner Bain Capital and plans to relist in Sydney.” Another is Ryanair, which “returned to profit in the quarter through December and sees no end to its lucrative run.” These and other “freshly streamlined carriers are capitalizing on a surge in travel since virus restrictions fell away.” The International Civil Aviation Organization “expects passenger demand to recover to pre-Covid levels on most routes this quarter and then to about 3% higher than 2019 levels by year-end.”
Full Story (Houston Chronicle)