Boeing Financial News

18.09 / 18:15

MET CEO Boeing travelers recommendations International Boeing CEO says the company will furlough employees soon to preserve cash during labor strike

Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists

18.09 / 07:51

Boeing Food UK inflation holds firm at 2.2% as Bank of England decision beckons

According to figures published by the Office for National Statistics today (18 September), the UK's Consumer Price Index rose by 2.2% in the 12 months to August, a figure that did not budge from July. However, core CPI, which excludes energy, food, alcohol and tobacco, jumped from a 3.3% rise in July to a 3.6% uptick in August, with notable increases month-month in the price of transport and services, which increased from 0.1% to 1.2% and 5.2% to 5.6%, respectively. Investors welcome rate cut but urge BoE to be vigilant as inflationary pressures 'still lurking' Tom Stevenson, inv...

17.09 / 11:42

Fox Airlines Boeing Hawaiian hospital reports International Alaska Airlines flight attendants hospitalized, flight diverted due to strange odor

Water on an Alaska Airlines flight from Hawaii to Alaska entered the cabin from a flooded bathroom, crew tried to mop it up. (Credit: Dustin Parker/Facebook)

17.09 / 11:27

UPS Boeing President performer travelers International Boeing says it's considering temporary layoffs to save cash during the strike by machinists

Boeing says it’s considering temporary layoffs to save cash during the strike by machinists

16.09 / 14:10

COST UPS FIVE Manufacturing CEO Boeing International Boeing machinist strike adds cash crunch to new CEO’s rescue mission

Subscribe to enjoy similar stories. A tough job just got much tougher for Boeing’s new CEO. When the jet maker’s largest union went on strike Friday, the walkout compounded the list of problems facing Kelly Ortberg, who took Boeing’s top job five weeks ago.

15.09 / 17:37

COST UPS Airlines Boeing travelers Workers who assemble Boeing planes are on strike. Will that affect flights?

A strike by some 33,000 Boeing machinists is impacting production of the company's best-selling airplanes

15.09 / 04:06

markets Digital Boeing RAI Interviews International Boeing strike could drag on as workers push for higher wages, union leader says

Boeing «could go on for a while» as workers are confident they can get bigger wage increases and an improved pension, union leader Jon Holden said in an interview with National Public Radio (NPR) on Saturday. More than 30,000 members of the International Association of Machinists and Aerospace Workers (IAM), who produce Boeing's top-selling 737 MAX and other jets in the Seattle and Portland, began a strike on Friday after overwhelmingly voting down a new contract. Boeing and union negotiators are due to return to the bargaining table next week, in talks overseen by U.S. federal mediators, after more than 94% of workers voted to reject an initial contract offer that Holden had endorsed.

14.09 / 04:39

markets CEO Boeing Universities Boeing strike: Negotiations to start next week as plane production hit

Boeing and striking US factory workers are due to resume early next week under a federal mediator, the government said Friday, after workers voted overwhelmingly to reject an earlier proposal from the embattled aviation giant. Thousands of Boeing factory workers in the United States walked off the job Friday over the pay dispute, its first strike in 16 years. Union leaders called for the strike to start just after midnight, shortly after hourly workers in the Seattle region in the Pacific Northwest spurned the tentative contract with 94.6 percent of the vote, and to strike with 96 percent.

14.09 / 00:11

markets UPS Provident Manufacturing Airlines Boeing Tata Technologies to drive aerospace growth amid supply chain crisis, airline cabin refurbishments

Aerospace will drive growth for Tata Technologies as it sees an increase in business driven by a supply chain crisis forcing airlines to refurbish cabins as they look to hold onto aircraft longer. The company has also tied up with major aircraft manufacturers — Airbus and Boeing — and maintenance, repair, and overhaul (MRO) firms for faster processes to make grounded aircraft fly. «The company anticipates substantial growth in aerospace business in the coming years. We aim to be a dominant force in aerospace engineering and the partner of choice for our customers,» Aloke Palsikar, head of aerospace and industrial heavy machinery sales at Tata Technologies, told ET in an interview.

13.09 / 18:18

COST UPS Airlines Boeing rights International Boeing factory workers go on strike after rejecting contract offer

Aircraft assembly workers have walked off the job at Boeing factories near Seattle and elsewhere after union members voted overwhelmingly to reject a tentative contract that would have increased wages by 25% over four years

13.09 / 17:52

Aviat Airlines Boeing reports prevention Traffic Investigations Pilots of an Alaska Airlines jet braked to avoid a possible collision with a Southwest plane

Pilots of an Alaska Airlines jet aborted a takeoff in Nashville to avoid a possible collision with a Southwest Airlines plane

13.09 / 17:32

UPS security Boeing wellness Actor performer hospital Boeing just the latest company to go head to head with union

Aircraft assembly workers walked off the job at at Boeing factories near Seattle and elsewhere early Friday after union members voted overwhelmingly to go on strike

13.09 / 17:13

markets Fox Airlines Boeing President Photos International American Airlines flight attendants approve new 5-year contract

The Fitz-Gerald Group principal Keith Fitz-Gerald discusses the machinist union going on strike against Boeing, his market outlook, and the anticipated Fed policy meeting.

12.09 / 22:44

UPS CEO Airlines Boeing track recommendations International Boeing factory workers vote whether to strike and shut down aircraft production

Boeing is waiting to find out whether 33,000 aircraft assembly workers are going on strike and shutting down production of the company’s best-selling planes

12.09 / 21:29

Aviat Manufacturing Airlines Boeing Experts reports A strike would add to turbulent times at Boeing

A strike by the 33,000 factory workers who assemble some of Boeing’s best-selling planes would come as another blow to a company whose bottom line and reputation have taken plenty of hits this year

12.09 / 11:23

markets Provident CEO Boeing International wrestling Boeing strike threat looms as workers vote on contract

Boeing's U.S. West Coast factory workers will vote on a much-criticized new contract and a possible strike on Thursday, piling pressure on the planemaker as it wrestles with chronic production delays and mounting debt. A potential strike starting on Friday would be a big early blow to new CEO Kelly Ortberg, who was brought on last month to restore faith in the planemaker after a door panel blew off a near-new 737 MAX jet in mid-air in January. Starting from 5 a.m. PT (1200 GMT), roughly 30,000 workers who produce Boeing's 737 MAX, 767 and 777 jets in the Seattle and Portland areas will vote on their first full contract in 16 years.

12.09 / 06:10

markets CEO Airlines Boeing recommendations International Boeing factory workers are voting whether to strike and shut down aircraft production

Boeing is preparing to learn Thursday whether 33,000 aircraft assembly workers, most of them in the Seattle area, are going on strike and shutting down production of the company's best-selling planes. Members of the International Association of Machinists and Aerospace Workers plan to vote on whether to approve a contract offer that includes 25% pay raises over four years. If the factory workers reject the contract and two-thirds of them vote to strike, a work stoppage would begin Friday at 12:01 a.m. PDT. A walkout would not cause flight cancellations or directly affect airline passengers, but it would be another blow to Boeing's reputation and finances in a year marked by problems in its airplane, defense and space operations.

11.09 / 15:20

Manufacturing Airlines security Boeing President social International A Boeing strike is looking more likely. The union president expects workers to reject contract offer

There might be a strike at Boeing this week after all

10.09 / 17:09

markets Digital Manufacturing Airlines Boeing RAI AI Express to phase out business class seats next year; to have around 100 planes by December-end

Air India Express, which is set to complete the merger of AIX Connect with itself next month, will phase out business class seats in its aircraft in 2025, according to a senior airline official. Currently, the carrier, part of Tata Group, has a fleet of 85 aircraft — 25 A320 family planes and 60 Boeing 737s. By year-end, the total number is expected to be around 100. The airline has 34 white tail Boeing 737-8 aircraft and out of them, 29 have business class seats of varying numbers. Their count will rise to 50 by the end of this year. Generally, white tail planes are those that were originally manufactured for a particular airline and later taken by another airline.

10.09 / 03:10

markets UPS DOW Boeing DELL How major US stock indexes fared Monday, 9/9/2024

Stocks closed higher on Wall Street, ending a four-day losing streak

10.09 / 03:09

UPS Apple Boeing President Updates International Boeing labor deal angers many union workers ahead of vote, official says

Boeing and one of its biggest unions has angered many workers who were hoping for higher wage hikes and better pensions, an official who negotiated the deal said on Monday.

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