British Airways owner IAG reported profits were up 15% from the same period last year. One analyst said the group avoided being affected by Boeing delivery delays like some rivals.
Boeing CEO Kelly Ortberg told workers furloughed during the seven-week strike that their lost pay would be repaid by the company, the Air Current editor Jon Ostrower said in a post on X on Thursday, citing an internal message.
Spirit AeroSystems might need more help from Boeing.
The Federal Aviation Administration said Thursday it will boost oversight as Boeing prepares to resume 737 MAX production following a 53-day strike that ended earlier this week.
Boeing reached a deal with striking workers but still has many problems. It needs to increase aircraft production while also improving quality.
The Israeli defence ministry said on Thursday it had signed an agreement to acquire 25 next generation F-15 fighter jets from Boeing Co.
Taiwan's China Airlines is nearing a decision to split a multi-billion-dollar order for long-distance passenger jets between Airbus and Boeing, while an order for freighters hangs in the balance, industry sources told Reuters.
Through early Wednesday trading, Boeing stock has failed to get a bump from the end of the strike, or the end of the presidential election.
Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday said that there was “substantial doubt” about its ability to keep running as a “going concern,” as losses, debt, and difficulties at jet maker Boeing Co. pile up.
Norwegian Air Shuttle faces rising risks, including currency pressures, Boeing delivery delays, and increased operating costs, impacting its stock performance and volatility. Despite these challenges, Q3 sales rose 32%, driven by the inclusion of Widerøe, with strong unit revenue management. The price target is revised upward to $1.48 due to expected EBITDA growth, but rating is reduced from strong buy to buy due to cost risks.
Striking machinists will soon be back to work at Boeing (BA). About 33,000 members of the International Association of Machinists and Aerospace Workers could return to work on Wednesday after 59% of those voting approved a new contract that will raise wages 38% over the next four years (just over 43% with compounding).
The Boeing Company BA settled with its union. Shares are trading down fractionally.