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☆ Boeing delays are wreaking havoc with the airline industry's plans, and flyers may well feel the pain
▼ + stars: | 2024-10-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Several airlines have criticized Boeing for delivery delays. Ryanair CEO Michael O'Leary told Reuters Wednesday that the airline is likely to cut its traffic growth expectations for next year as it predicts delivery delays. Also on Wednesday, at an Irish think tank event, the head of the world's foremost airline trade group spoke out about delivery delays. AdvertisementLast Friday, Boeing announced further delays to its 777X jet, with its first delivery pushed from 2025 to 2026. AdvertisementThe Boeing 777X was delayed again last week, leading to sharp criticism from the boss of Emirates, one of Boeing's biggest customers.

Persons: Michael O'Leary, —, O'Leary, Willie Walsh, Walsh, Tim Clark, GIUSEPPE CACACE, I've, Carsten Spohr, Spohr Organizations: Boeing, Service, Ryanair, Reuters, International Air Transport Association, Guardian, Airbus . Supply, Alaska Airlines, Emirates, Business, Getty, Lufthansa, Airlines, Europe, Financial Times, BI Locations: Irish, AFP, Emirates

☆ Delta unveiled a fresh cabin design as it modernizes aging planes amid further delays to new Boeing jets
▼ + stars: | 2024-10-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Delta Air Lines is set to update the cabins of its Boeing 757 and Airbus A350 jets. The 757s being updated are at least 20 years old as Delta waits on delayed new 737 jets. Courtesy of Delta Air LinesThe Max 10 is the largest version of Boeing's newest narrowbody jet, but is yet to be certified amid a difficult period for the embattled planemaker. Courtesy of Delta Air LinesIt will feature a "warmer and more modern color palette" that includes a red accent stripe and the airline's logo on seat tags, Delta said. Courtesy of Delta Air LinesIn Delta One, the airline's business class, the fabric seats are made from a lighter material that should help regulate a passenger's temperature.

Persons: —, It's, Delta, Max, Guy Organizations: Delta Air Lines, Boeing, Airbus, Service, Air Lines, Delta Air Locations: New, Delta

☆ Airbus plans to lay off up to 2,500 workers in its defense and space division
▼ + stars: | 2024-10-16 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

Airbus’ announcement comes against a backdrop of a global defense and space industry in flux, presenting both challenges and opportunities for companies. But large legacy defense firms like Airbus that should benefit from the boom in demand face stiff competition. Boeing said earlier this month that it would slash 10% of its global workforce over the coming months. The company’s own defense business posted a $913 million loss in the three months to the end of June. And in September, Ted Colbert, the head of the unit, called Defense, Space & Security, stepped down.

Persons: Mike Schoellhorn, —, ” Schoellhorn, Ted Colbert, Olesya Dmitracova Organizations: London CNN, Airbus, Boeing, Airbus Defence, Governments, Citi, Defense, Space & Security Locations: Ukraine, United States

☆ Boeing's European rival Airbus is axing up to 2,500 jobs at its space and defense unit
▼ + stars: | 2024-10-16 | by ( Will Martin | ) www.businessinsider.com time to read: +2 min

Airbus is cutting up to 2,500 jobs in its space and defense unit. The Airbus cuts come just days after rival Boeing announced it would lay off 17,000 staff. AdvertisementAirbus, the European aviation giant, is axing up to 2,500 jobs in its space and defense unit. The expected cuts come just months after Airbus said in its second-quarter earnings report that the space division was affecting its financial performance. The Airbus job cuts come just days after its arch aviation rival, Boeing, said it would ax about 17,000 roles.

Persons: — Organizations: Airbus, Boeing, Service, Max Locations: Seattle

☆ Airbus to cut up to 2,500 jobs in defense and space
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +2 min

A logo sits on display outside the Airbus wing assembly factory in Broughton, U.K.Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division, citing a "complex business environment" especially in loss-making satellites. It has been hit by 1.5 billion euros ($1.63 billion) of charges in space systems in recent quarters, led by the high-tech OneSat project, and delays and rising costs in defense. The job cuts, first reported by French news agency AFP, come on top of a more than year-long efficiency review in the defense and space business, code-named ATOM. Airbus has been drawing up specific turnaround plans for its struggling Space Systems business without waiting for the outcome of recent satellite consolidation talks that include Italy's Leonardo as well as France's Thales. Group CEO Guillaume Faury said earlier this year that Airbus was looking at opportunities to create scale in defense, space and particularly satellites where traditional players have been heavily disrupted by the success of new constellations.

Persons: Mike Schoellhorn, Italy's Leonardo, Guillaume Faury Organizations: Airbus, Defence, Space, AFP, Space Systems, Thales, Reuters Locations: Broughton, U.K, Germany, France, Britain, Spain, Ukraine, U.S

☆ What Boeing’s massive financial crisis means for you
▼ + stars: | 2024-10-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Boeing’s finances are a multi-billion-dollar problem for the company, its employees, suppliers and airline customers. But Boeing’s financial problems, which started long before the strike could hurt the broader US economy. Hit to the economyBoeing’s financial problems are bad news for the US economy. But the other way that the financial problems would spread beyond Boeing will be the impact of the strike on suppliers. Boeing’s credit rating is at risk of being downgraded to junk bond status, which would create more financial problems by raising its cost of borrowing.

Persons: International Association of Machinists, Boeing won’t, Max Organizations: New, New York CNN, International Association of, Boeing, Anderson Economic Group, General Motors, Airbus Locations: New York, United States, Washington

☆ Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars
▼ + stars: | 2024-10-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

In a regulatory filing early Tuesday, the company announced plans to borrow $10 billion from a consortium of banks. The company’s debt surged in the last six years as Boeing reported core operating losses of more than $33 billion. On Friday, Boeing’s new CEO Kelly Ortberg announced plans to cut 10% of its worldwide staff of 171,000 workers. Boeing’s offer to increase the raises to 30% over the life of the deal was also rejected by union negotiators. And Airbus doesn’t have the capacity to take on Boeing’s orders.

Persons: New York CNN —, Boeing’s, Kelly Ortberg, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, IAM, Federal Aviation Administration, Alaska Airlines, Airbus Locations: New York

☆ Delta unveils sleek new cabin design
▼ + stars: | 2024-10-15 | by ( Marnie Hunter | ) edition.cnn.com time to read: +2 min

CNN —Delta Air Lines is debuting a new look this fall, with sleek new cabin interiors on its narrowbody Boeing 757 aircraft that will eventually be applied across the carrier’s fleet. While the interiors are getting a full refresh, there will be “no change to seating configuration, size or space between seats,” a Delta spokesperson said in response to a question about those facets of cabin design. Courtesy DeltaMemory foam cushions are part of the offering in Delta Premium Select and First Class as well as in economy seats on widebody aircraft. Main cabin seats feature engineered leather with red accents. When it’s time to wake up, the cabin slowly brightens into morning and daylight.”Every aircraft in the fleet will eventually feature the new cabin design, Delta said.

Persons: ”, Mauricio Parise, we’ve, Delta, “ Organizations: CNN, Delta Air Lines, Boeing, Airbus, Delta Locations: ”, mealtimes

☆ Why another delay of Boeing's new 777X plane is such a big deal
▼ + stars: | 2024-10-14 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's 777X, its largest passenger plane, is delayed yet again. AdvertisementBoeing's future is dependent on the upcoming 777X, the world's largest passenger plane in production, which has been delayed once again. Boeing's last completely new widebody plane was the 787 way back in 2003. Qatar and Etihad have ordered 94 and 25 777-9s, respectively, for a collective 324 777X planes across the three airlines. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022.

Persons: —, planemaker, Kelly Ortberg, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, isn't, Clark, Richard Aboulafia, Aboulafia Organizations: Service, Boeing, British Airways, Emirates, Singapore Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Etihad, Aircraft, Airlines Locations: Qatar, Emirates, Korean, AFP

☆ An options trade on a Boeing supplier that could get dragged down by its customer's woes
▼ + stars: | 2024-10-14 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Howmet also produces parts used in gas turbines (power generation) and precision castings, fasteners, and other components for automotive applications. Over the past few years, Howmet has grown revenues, net income, and free cash flow considerably faster than the economy's overall growth. About 5.7% of Howmet's revenue comes from Boeing , which is greater than 4.6% of its revenues from Airbus. However, some of the company's revenues are derived indirectly from jet engine manufacturers General Electric, 12% of revenues, and Rolls-Royce, which represents 5.34%. Over the past five years, Howmet shares have appreciated by 370%, outperforming the S & P by more than 260% and the industrials index by about 280%.

Persons: Howmet Organizations: Howmet Aerospace, Aerospace, Boeing, Airbus, Electric, Royce, CNBC, NBC UNIVERSAL

☆ The risk for Boeing right now is overpromising and underdelivering, says RBC's Ken Herbert
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe risk for Boeing right now is overpromising and underdelivering, says RBC's Ken HerbertKen Herbert, RBC Capital aerospace and defense analyst, joins 'Squawk box' to discuss the challenges facing Boeing, impact of the machinists strike on the company, state of the aerospace and defense sector at large, competition with Airbus, and more.

Persons: Ken Herbert Ken Herbert Organizations: Boeing, RBC Capital, Airbus

☆ I flew on a British Airways A380 in economy and premium economy. Upgrading isn't really worth it.
▼ + stars: | 2024-10-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

I flew with British Airways in both the economy (coach) and premium economy cabins. The upper deck of a BA Airbus A380 means plenty of space, even in economy. I got a good deal for my premium economy ticket, and I don't think I'd pay more for the amenities. I recently flew premium economy in a British Airways World Traveller Plus cabin. By contrast, the popularity of premium economy had me sitting in the middle section.

Persons: — Organizations: British Airways, Airbus, Service

☆ NATO fighter pilots break down their Eurofighter vs F-35 dogfight with cockpit video and paper airplanes
▼ + stars: | 2024-10-11 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Two NATO fighter jet pilots discussed their recent Eurofighter vs F-35 dogfighting competition. The pilots used paper airplanes to talk about their fight and their various maneuvers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwo NATO fighter jet pilots recently compared notes after going head-to-head in a "dogfight" in the skies above Germany. Patrick Pearce discussed their battle during a dogfighting competition at Ramstein Air Base and the differences between their respective Eurofighter and F-35 jets.

Persons: —, Alexander Grant, Patrick Pearce, they've, Grant, Leonardo, Pearce, Lockheed Martin, they'd, I've, Valerie R, Seelye, weren't Organizations: NATO, US, Service, US Department of Defense, Ramstein Air Base, Eurofighter, US Air Force, Airbus Defense, Space, BAE Systems, Lockheed, German Eurofighter, Allied Air Command Locations: Germany, Europe, European, Belgium, Denmark, Finland, France, Netherlands, Norway, United Kingdom, United States

☆ Boeing to lay off roughly 10% of its workforce
▼ + stars: | 2024-10-11 | by ( Vanessa Yurkevich | Chris Isidore | ) edition.cnn.com time to read: +6 min

Union members are still angry that Boeing demanded they give up their traditional pension plans 10 years ago, when the company was doing well financially. Even with all of its problems, Boeing is likely at no risk of disappearing. If airlines that are Boeing customers cancel their order, they would have to wait five years for a comparable jet from Airbus. Boeing will discontinue that plane once its current orders are completed and delivered to customers in 2027. That plane is built by some of the union members now on strike.

Persons: “, ”, Kelly Ortberg, ” Ortberg, Max, Ortberg, Poor’s Organizations: New, New York CNN, Boeing, Alaska Airlines, National Transportation Safety Board, Space Station, International Association of Machinists, IAM, Airbus Locations: New York, United States, underperformance, Washington State

☆ Airbus monthly deliveries fall, piling pressure on annual target as production woes persist
▼ + stars: | 2024-10-10 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Airbus reported lower monthly deliveries late on Wednesday, putting its annual production target under pressure as supply chain struggles continue to plague the industry. The company said at the time it was facing "persistent specific supply chain issues mainly in engines, aerostructures and cabin equipment." For September it picked up another 235 orders, taking the annual total to 648. But production challenges and supply chain shortages across the whole aviation industry mean that manufacturers cannot get planes out as fast as they want. Airbus has a new model called the A321XLR, set to be the world's longest-range single-aisle aircraft, due to launch customer Iberia in the coming months after numerous delays.

Organizations: Airbus Locations: Seville, Andalusia, Spain, Delta

A Turkish Airlines pilot died mid-flight, forcing the co-pilot into an emergency landing in New York City on Wednesday morning, authorities said. Flight 8JK landed safely shortly before 6 a.m at John F. Kennedy International Airport, according to an FAA statement. Pilot İlçehin Pehlivan, 59, "fainted during the flight" and when "medical intervention to our captain on the plane was ineffective," the co-pilot opted to land, according to a statement from Turkish Airlines. Unfortunately, "our captain lost his life before landing," according to the airline. The Airbus A350 took off from Seattle-Tacoma International Airport at 7:02 p.m. PT on Tuesday, according to the tracking service FlightAware, and was headed to Istanbul before the emergency unfolded.

Persons: 8JK, John F, İlçehin Organizations: Turkish Airlines, Kennedy International Airport, FAA, Airbus, Tacoma International Airport Locations: New York City, Seattle, Istanbul

☆ Pilot dies aboard Turkish Airlines flight, forcing emergency landing in New York
▼ + stars: | 2024-10-09 | by ( Associated Press | ) edition.cnn.com time to read: +1 min

New York AP —A Turkish Airlines jetliner headed from Seattle to Istanbul made an emergency landing in New York on Wednesday after the captain died on board, an airline official said. Pilot İlçehin Pehlivan, 59, lost consciousness at some point after flight 204 took off from Seattle on Tuesday night, Turkish Airlines spokesperson Yahya Üstün said in a statement. Medical intervention failed to revive the captain, and the co-pilot decided to make an emergency landing, but the captain died before the plane landed, Üstün said. Pehlivan had worked at Turkish Airlines since 2007, Üstün said. “As Turkish Airlines, we deeply feel the loss of our captain and extend our sincerest condolences to his bereaved family, colleagues, and all his loved ones,” Üstün said.

Persons: İlçehin, Yahya Üstün, Üstün, John F, Pehlivan, ” Üstün Organizations: York AP, Turkish, Turkish Airlines, Airbus, Kennedy International Locations: Seattle, Istanbul, New York

☆ Boeing delivers 33 jets in September but strike impact looms
▼ + stars: | 2024-10-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing delivered 33 airplanes in September, six more than during the same period a year earlier, as the company and its customers keep an eye on the impact of a machinist strike, now in its fourth week. Through September, Boeing has handed over 291 aircraft, well below the 371 it had delivered in the first nine months of 2023. Deliveries are key to Boeing. It's already burned through more than $8 billion this year since customers pay the bulk of the price when they receive the airplane. The two sides are back at the negotiating table this week, though the union dismissed a sweetened offer from Boeing last month.

Persons: machinists Organizations: Boeing, Airbus, United Airlines, Ryanair, Southwest Airlines Locations: Renton , Washington

☆ Airbus' game-changing A321XLR will enter service soon. These airlines have already announced routes with the new plane, including 3 to the US.
▼ + stars: | 2024-10-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Airlines, including Iberia, Wizz Air, and Aer Lingus, have announced their first A321XLR routes. Irish carrier Aer Lingus said in October that it will launch its first A321XLR flight between Dublin and Nashville in April. The eight-and-a-half-hour route is a niche nonstop for the industry, with Aer Lingus as the only operator. Related storiesOther potential A321XLR routesWhile only a handful of A321XLR routes are officially on the books, many previously unserved city pairs could fit the bill, airlines have said. Qantas' list of potential A321XLR routes includes routes like Brisbane to Tokyo, Perth to the Maldives, and Melbourne to Bangkok.

Persons: —, Wizz's, Thomas Pallini, America — Organizations: Airbus, Airlines, Aer Lingus, Service, Airbus A321XLR, Spanish, Iberia, Boston, Washington Dulles, Wizz, London, United, Irish, Nashville, Saudia, Business, JetBlue Airways, JetBlue Airways Airbus, Australia —, Qantas, Jetstar, JetSMART Locations: Iberia, Wizz, Madrid, Washington, London Gatwick, Jeddah, Saudi Arabia, Milan, Abu Dhabi, United Arab Emirates, Dublin, Barcelona, Rome, Brussels, Maldives, Dakar, Senegal, New York, Boston, Los Angeles, San Francisco, Europe, Aer, United, Las Vegas , Houston, Australia, Asia, Brisbane, Tokyo, Perth, Melbourne, Bangkok, South, America, Chile, Miami

☆ All passengers on a flight out of Australia had to sit through an R-rated movie after an entertainment system glitch
▼ + stars: | 2024-10-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Qantas has apologized for playing an R-rated movie on a Sydney to Tokyo flight. Technical issues with the in-flight system meant passengers couldn't select their own movies. Qantas switched to a family-friendly movie after passengers complained. AdvertisementAustralian flag carrier Qantas has apologized after an R-rated movie was played on every screen during a flight. Technical issues with the Airbus A330's in-flight entertainment system meant passengers couldn't select their own movies.

Persons: —, Dakota Johnson, Sean Penn Organizations: Qantas, Service, Haneda Airport, Airbus, Guardian, Business, Virgin, Australian Aviation Locations: Sydney, Tokyo, Haneda, Virgin Australia

Video showed flames coming from underneath a Frontier flight that made a hard landing in Las Vegas after reports of smoke in the cockpit Saturday, officials said. Flight 1326 was on its way from San Diego to Las Vegas when "the pilots detected smoke and declared an emergency," Frontier said in a statement. There were reports of smoke in the cockpit before the Airbus 321 was able to make an emergency landing at Harry Reid International Airport, according to the Federal Aviation Administration. A Frontier flight with flames visible underneath the aircraft at Harry Reid International Airport in Las Vegas on Saturday. Tyler HerrickThe flight "experienced a hard landing" and the Clark County Fire Department responded immediately, said Amanda Mazzagatti, airport program administrator at Harry Reid.

Persons: Harry Reid, Tyler Herrick, Amanda Mazzagatti Organizations: Airbus, Harry Reid International Airport, Federal Aviation Administration, Harry, Harry Reid International, Fire Department, FAA Locations: Las Vegas, San Diego, Clark

☆ What it’s like onboard the COMAC C919 plane, China’s answer to Boeing and Airbus
▼ + stars: | 2024-10-04 | by ( Steven Jiang | ) edition.cnn.com time to read: +7 min

The C919 is China’s first homegrown mainline passenger plane, manufactured by the Shanghai-based state-owned Commercial Aircraft Corporation of China (COMAC). Steven Jiang/CNNI was happy to hear the flight attendant highlight the aircraft type in his pre-takeoff briefing. “Today you’re flying with Air China C919 aircraft, which is the first large airliner independently developed by China,” he said, as the jet taxied to the runway. Air China serves hot meals in economy during meal hours even for short-haul flights (today’s flying time: 1 hour 40 minutes). As far as my passenger expectation goes, this C919 flight has earned a solid B in terms of safety and comfort.

Persons: Beijing CNN —, I’ve, Steven Jiang, CNN Long, ”, deplaning, don’t, COMAC Organizations: Beijing CNN, Boeing, Airbus, Air, Commercial Aircraft Corporation of China, China Eastern Airlines, CNN, International, Air China, Air China C919, China, Hongqiao Locations: Beijing, Air China, Shanghai, Europe, China, Southeast Asia, Africa

☆ Spirit tumbles to record low on report it's exploring a bankruptcy filing. Here's how it got here
▼ + stars: | 2024-10-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines shares tumbled to a record low on Friday after a report that it's exploring Chapter 11 bankruptcy protection. A bankruptcy filing would mark a dramatic turn for the carrier with its iconic yellow planes that caters to budget-conscious travelers. After the JetBlue deal fell apart, Spirit said in January that it was looking at options to refinance its debt. A Spirit spokesman declined to comment on a the Wall Street Journal report that the carrier is considering a bankruptcy filing. Shares of Frontier Airlines, which originally planned to merge with fellow budget airline Spirit before JetBlue swooped in in 2022, surged 16% on Friday.

Persons: Spirit, Brandon Oglenski, we've, Ted Christie, we're, Perella Weinberg Organizations: Spirit Airlines, JetBlue Airways, Pratt & Whitney, JetBlue, Barclays, Journal, Perella Weinberg Partners, Frontier Airlines, Spirit, JetBlue swooped

☆ A Ryanair Boeing plane caught fire on a runway in Italy while taxiing for takeoff
▼ + stars: | 2024-10-04 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

A Ryanair flight in Italy was delayed after fumes were seen coming out of the aircraft. This comes just days after another Ryanair flight's tires burst while landing in Milan. AdvertisementA Ryanair flight in Italy caught fire as it was taxiing on the runway in an airport in southern Italy. Flight FR8826 from Brindisi to Turin, a city near Italy's border with France, caught fire on Thursday, according to CNN. "I think that both Airbus and Boeing, certainly Boeing, need to significantly improve quality control," O'Leary told the Financial Times.

Persons: —, Michael O'Leary, O'Leary, Ryanair didn't Organizations: Ryanair, Service, CNN, Boeing, Max, Passengers, Milan's Bergamo, Alaska Airlines, Airbus, Financial, Business Locations: Italy, Milan, Brindisi, Turin, Italy's, France, Barcelona

☆ Wizz says passengers will 'suffer' through 7-hour flights on its new Airbus A321XLR for cheap tickets. See the no-frills cabin.
▼ + stars: | 2024-10-02 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

Wizz Air is set to launch new long-haul routes using its upcoming Airbus A321XLR. The first flights, a seven-hour trek, will start in March between London and Jeddah, Saudi Arabia. Wizz Air will offer significantly cheaper fares compared to competitors like British Airways. AdvertisementLow-cost carrier Wizz Air is banking that price-sensitive customers will book its new no-frills narrowbody planes to save money on long-haul flights — and it's not being shy about the cabin. Wizz's new long-haul flights on the A321XLR won't even come with free water.

Persons: —, Wizz, József Váradi, Abu Dhabi Organizations: Airbus A321XLR, British Airways, Service, Wizz, Airbus, London, Etihad Airways Locations: London, Jeddah, Saudi Arabia, Hungarian, London Gatwick, Milan, Abu Dhabi, Abu, UAE

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