(USD) | Mar 2024 | Q/Q |
---|---|---|
Revenue | 16.6B | -25% |
Gross Profit | 1.9B | -30% |
Cost Of Revenue | 14.7B | -24% |
Operating Income | -86MM | -130% |
Operating Expenses | 2B | - |
Net Income | -343MM | - |
R&D | 868MM | -1% |
G&A | 1.2B | -24% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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"We're making these adjustments now to ensure we're able to re-accommodate customers on affected flights," the company said. The move comes a day after peer Southwest Airlines said that it will shut operations at some airports as a result of the 787 delivery issues. Reuters reported earlier this month that the output of Boeing's 737 MAX had fallen sharply on increased production checks by U.S. regulators.
Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow. The ratings agency, which reaffirmed its "BBB-" long-term issuer default rating, said it could stabilize the outlook if Boeing liquidates over 100 of its pre-2023 built 737 MAX and half of its 787 inventories by early 2025, along with increasing production of its MAX jets towards 38 per month. Fitch's downgrade follows simi...
The program could be worth billions.
The company's stock is rising in early trading after it beat Wall Street expectations and raised guidance.
Amerijet, trying to pull out of a downward spiral, is floating possible furloughs to address a pilot surplus. The post Cargo airline Amerijet warns of pilot furloughs amid downsizing appeared first on FreightWaves.
Southwest Airlines sees deeper Boeing impact, huge mining merger rejected with copper’s rise in the spotlight, and other news to start your day.
It's been an eventful few days for aviation players—from Airbus to Heathrow. Here's how they fared.
Q1 2024 Southwest Airlines Co Earnings Call
Southwest achieves unprecedented first-quarter revenues and passenger numbers, while navigating operational changes and planning for future expansions.
French jet engine maker Safran posted an 18.1% jump in first-quarter revenue and reaffirmed financial targets for the year while joining U.S. partner GE Aerospace in lowering a target for engine deliveries. The Paris-based company posted quarterly revenues of 6.22 billion euros ($6.67 billion), up 19.1% on an underlying basis. Safran co-produces engines for Boeing and Airbus narrow-body jets with GE Aerospace through their CFM joint venture, which is the sole supplier to Boeing's 737 MAX fami...