Boeing's newest plane has been beset by certification delays, with flight tests paused for months, sparking frustration among some customers.
Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.
Cathay Pacific has tapped both Airbus and Boeing, requesting their proposals for the airline’s next aircraft order. The airline is considering the Airbus A350 or Boeing 787 family, along with the possibility of adding more Boeing 777Xs to its fleet.
Cathay Pacific Airways Ltd. has launched a bidding process for dozens of new widebody aircraft, according to people familiar with the matter, pitting Airbus SE against Boeing Co. in what would be a multibillion-dollar deal.
Boeing’s quality issues led to major declines, while Airbus fared better. Find out why BA and EADSF stocks could see strong growth in 2025 due to low bases.
Airbus signalled a potential new charge in its troubled Space business on Tuesday, saying it would update investors on a long-running status review of a major satellite programme during annual results on Feb.
Airbus is terminating its charter cargo business, which used funky freighter aircraft to transport oversize loads, after less than a year.
Airbus dominance in that market segment skewed the overall figures dramatically. Boeing delivered a total of 348 commercial jets in 2024, while Airbus delivered 766. Market pricing data from aircraft valuation firm Avitas peg the Airbus deliveries as worth $52 billion, exactly twice the value of Boeing’s deliveries.
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
The Boeing Company reported a massive Q4 loss, with revenues down over 30% and losses per share significantly worse than expected. Learn more on BA stock here.
Airplane maker’s whopping losses for the fourth quarter and full year illustrate the urgency for the company, which has about 3,000 employees in San Antonio.
Eurowings will replace its fleet of Airbus A319s and older Airbus A320 models with 40 brand-new Boeing 737 MAX 8 jets after Lufthansa Group confirmed the move.