Newsstand - Boeing Maintains Plane Delivery Forecast

Boeing Maintains Plane Delivery Forecast

Boeing Co still expects to deliver 280 commercial aircraft in 2003 and 275 aircraft in 2004, a top company executive said on Thursday.

http://www.nytimes.com/reuters/business/business-transport-boeing.html

Continental to Delay Boeing Order Worth $2.5 Billion

...For Boeing, such a large deferral of orders is another blow in what has already been a dismal aviation market. For the most part, the company can replace the deliveries with other airline orders, but if Continental's move is the beginning of a trend, it could prove more serious...

http://biz.yahoo.com/djus/030714/0052000023_1.html

http://www.flyertalk.com/forum/Forum20/HTML/005655.html

Just shows what a "buyer's market" it is. The list for those planes is $4.5 billion, yet CO paid $2.5 billion for them - almost a 50% discount.

Still, I am a firm believer that Boeing is better off selling every plane it can at even $1 million a plane in profit instead of giving business away to Airbus in a lame attempt to keep their profits higher.

Wall Street will screw you either way (low profits or low orders), so why not keep the airlines "hooked" on your product? When times get better, you want them to buy your product because that is all they know.

Agreed! SEA_Tigger!

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Boeing to Cut 4,000 to 5,000 More Jobs

The Boeing Co. plans to cut 4,000 to 5,000 more jobs than previously planned from its commercial airplane division by the end of the year, as the airline industry remains mired in the worst downturn in its history.

The cuts will come through attrition and layoffs, said Boeing Commercial Airplane chief executive Alan Mulally in an e-mail sent to employees. After the terrorist attacks of Sept. 11, 2001, Boeing had said it would need to cut 35,000 from its work force by the end of 2003.

Now, with the continuing aviation slump, worsened by the Severe Acute Respiratory Syndrome outbreak this year, Chicago-based Boeing says it must further slash its employment levels.

``This is an unprecedented and very difficult time for all of us in the commercial aviation business,'' Mulally said. ``While we are optimistic about the long-term outlook for the industry, many of our airline customers continue to face significant challenges as they struggle to recover their financial health and regain the ability to order new airplanes and related services. These actions are extremely painful for all of us at Boeing.''

http://www.nytimes.com/aponline/business/AP-Boeing-Cuts.html

Boeing Confirms 15 More 737-700s for Southwest Airlines

http://biz.yahoo.com/prnews/030721/sfm108_1.html

Boeing Reports Second Quarter Results; Updates Outlook

http://biz.yahoo.com/prnews/030723/cgw006_1.html

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Boeing posts quarterly loss due to hefty charges


http://biz.yahoo.com/rc/030723/transport_boeing_earns_4.html

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Boeing Loses $192 Million in 2nd Quarter, Expects 2004 Profits to Fall Short of Forecasts

http://biz.yahoo.com/ap/030723/earns_boeing_3.html

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Boeing sees charge if it stops producing 757s


http://biz.yahoo.com/rc/030723/transport_boeing_757_1.html

[This message has been edited by doc (edited 07-23-2003).]