Aerospace and defense industry
Boeing expects 787 suppliers to catch up by year’s end, restoring output
A Boeing 787 Dreamliner sits on the tarmac at Boeing Field in Seattle, Washington. Robert Sorbo | Reuters Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month, as the U.S. planemaker works to restore output of two key commercial […]
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Flight cancellations ease after IT outage but some disruptions linger
The United Airlines terminal on July 19, 2024 as a global technology outage affected LAX airport in Los Angeles. Myung J. Chun | Los Angeles Times | Getty Images Flight cancellations and delays eased on Saturday as airlines worked to recover from a global IT outage sparked chaos at airports and for other industries a […]
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Can Boeing get back to its glory days?
An American Airlines Boeing 737 MAX 8 flight from Los Angeles approaches for landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, U.S. March 13, 2019. Joshua Roberts | Reuters Boeing executives spent years after two fatal 737 Max […]
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United Airlines profit jumps 23%, but third-quarter forecast disappoints amid industry overcapacity
United Airlines planes at Denver International Airport. Leslie Josephs | CNBC United Airlines‘ second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier’s results, but its third-quarter forecast came in shy of estimates as an oversupply of flights weighs on fares. United said Wednesday that it expects […]
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Spirit Airlines forecasts bigger quarterly loss as revenue falls short of expectations
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that came in short of its expectations. Shares of the budget […]
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Airbus launches price tag cuts to ‘save 2024’ right after output woes
An Airbus A350-1000 aircraft flies higher than a mosque for the duration of the 2023 Dubai Airshow at Dubai Earth Central – Al-Maktoum Global Airport on November 14, 2023. Karim Sahib | Afp | Getty Photos PARIS, July 12 (Reuters) — Airbus has launched a plan of expense cuts and a freeze on in general headcount […]
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SpaceX’s Falcon 9 rocket suffers rare inflight failure, is grounded during investigation
A SpaceX Falcon 9 rocket flies carrying a payload of 22 Starlink internet satellites into space after launching from Vandenberg Space Force Base on March 18, 2024 as seen from Los Angeles, California. Mario Tama | Getty Images SpaceX’s Falcon 9 rocket is grounded, pending an incident investigation, after an inflight failure — a rare […]
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Delta says the Olympics will cost it $100 million as travelers skip Paris
This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline with cloudy weather. Stefano Rellandini | Afp | Getty Images For more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands of potential tourists feel otherwise. Delta Air […]
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Delta shares tumble after outlook falls short of estimates despite strong summer travel demand
Nurphoto | Nurphoto | Getty Images Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its forecast fell short of analysts’ estimates as carriers discounted fares after expanding flights. Shares of Delta fell about 8% in premarket trading. Other U.S. airlines were also trading lower. […]
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NASA still expects Boeing’s Starliner to return astronauts from ISS, but notes SpaceX backup option
NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building at Kennedy Space Center for Launch Complex 41 at Cape Canaveral Space Force Station in Florida to board the Boeing CST-100 Starliner spacecraft for the Crew Flight Test launch , on June 5, 2024. Miguel […]
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