Boeing

Boeing signals end of 747 jumbo jet - sources

Boeing Co and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling the end for a plane that democratized global air travel in the 1970s...

Dow plunges 1861 points

Wall Street plummeted Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve. Fred Katayama reports on the market..

Jobless claims decline but millions still out of work

Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the..

Boeing Share Price Makes Rapid, Uncontrolled Descent

Markets Insider reports aircraft manufacturer Boeing plummeted 12% on Thursday. Its share price descended after Spirit Aerosystems said it was directed by Boeing to pause the production of parts used..

France unveils 15 bln euro aid package for jet makers

France has unveiled a 15 billion euro package of aid targeted at the country's aerospace industry, but also including support for Air France. Julian Satterthwaite reports

Pilots take advantage of Britain's empty skies

Instead of a Boeing or Airbus flying overhead, Londoners are now likely to see a vintage biplane or two as a group of flying enthusiasts make the most of the empty airspace over the capital.

Recovery hopes drive Wall Street higher

Wall Street rallied broadly Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic..

As airlines suffer, Wizz still bets on expansion

Budget carrier Wizz says it's sticking to expansion plans despite the global slump in air travel, but TUI says it's delaying new jet deliveries. Julian Satterthwaite reports.

Stocks rise on recovery hopes

U.S. stocks posted gains Monday as signs of U.S. economic recovery helped offset jitters over increasingly violent social unrest amid an ongoing pandemic and rising U.S.-China tensions. Fred Katayama..

Boeing resumes production of 737 Max planes

The American aerospace manufacturer Boeing has resumed the production of troubled 737 Max airplanes. Boeing said it would restart production "at a low rate as it implements more than a dozen..

Boeing To Lay Off 7,000

Business Insider reports that Boeing will lay off 6,770 US employees. The company described the layoffs as "the first." More expected later in the year. Boeing has said it will need to reduce its..

Boeing to announce U.S. job cuts this week: union

Boeing is set to announce significant U.S. job cuts this week, according to a union spokesman who told Reuters about the layoffs on Tuesday. Gloria Tso reports.

How safe is cabin air?

Jet manufacturers and airlines are launching an urgent initiative to convince nervous travelers that the air they breathe on planes is safe, believing this is critical to rebuilding a travel industry..

Rolls-Royce to cut 9,000 jobs amid air travel slump

Britain's Rolls-Royce said on Wednesday it would cut at least 9,000 jobs from its global staff of 52,000 and could shut factories to adapt to the much smaller aviation market that will emerge from the..

Empty middle seat? It depends where you're flying

Airlines face deep confusion over whether middle seats should be left empty, or whether other measures should be taken to keep passengers safe from contagion. Julian Satterthwaite reports.

S&P jumps 3% on vaccine hopes

U.S. stocks soared Monday, and the S&P 500 closed at a 10-week high. As Fred Katayama reports, encouraging data for a potential coronavirus vaccine and the promise of more stimulus for the economy sent..

U.S. Space Force launches Boeing-built spaceplane

The U.S. Space Force launched the Boeing-built test spaceplane X-37B into orbit for its 7th mission on Sunday from Cape Canaveral. Caroline Malone reports.

Worst Wall Street week since March ends with a rally

U.S. stocks clawed back losses for a second day in a row in a volatile session but Friday's gains were not enough to stop the week from the biggest stock market drop since March. Conway G. Gittens has..

Delta wrestles with too many pilots, too many planes

Delta Air Lines expects to have 7,000 more pilots than it needs in the fall as the coronavirus pandemic weighs on its operations, according to a memo to flight operations employees seen by Reuters...