Boeing's Earnings Unbowed by Dreamliner Battery Crisis
Boeing posted strong first-quarter results on Wednesday that handily beat analyst estimates and showed little impact from the 787 Dreamliner crisis.
Boeing posted strong first-quarter results on Wednesday that handily beat analyst estimates and showed little impact from the 787 Dreamliner crisis.
The FAA has reportedly accepted Boeing's revamped battery system for its beleaguered 787 Dreamliners and agreed to lift its grounding order.
Used in everything from laptops to electric cars, lithium-ion batteries nonetheless have an image problem following several high-profile incidents involving smoke and fire.
Boeing plans to conduct two flight tests of its revamped 787 battery system, possibly as soon as the end of the week, sources say.
It's bad enough that air fares and extra fees have been rising as fast as a plane taking off -- now, travelers must wonder if aircraft have been properly inspected. Are the costs, pains and risks of flying reaching the point where frequent fliers should reconsider their transportation choices?
The moods that dictate underlying prices can quickly swing from one extreme to the other. Such swings often create opportunities for investors. For instance, the rush back to domestic markets is leaving opportunity on the table overseas again.
The storms last month not only inconvenienced travelers; they also cut into Delta Air Lines's profit, the company warned Wednesday. Delta has lowered its profit guidance by $45 million as a result.
Thousands of stuck holiday travelers are just the beginning: Airlines' new policy of pre-emptively canceling flights to avoid snowstorms is lowering their losses, but will likely leave many more passengers without a flight home in the future.
Australian investigators suspect a manufacturing defect in a Rolls-Royce engine may have caused the A380 Airbus fire on a Qantas flight earlier this month. The airline says it has filed a statement of claim that could enable it to take further legal action against Rolls-Royce.
The growing controversy over invasive air-security measures like full-body scanning and pat downs, along with a shaky economy, could combine for more woes for both passengers and airlines, just in time for economically vital Thanksgiving holiday. Will fewer folks fly?
After a Rolls-Royce engine on one of Quantas's A380 superjumbo jets exploded last week, Singapore Airlines says it also has pulled three of its A380s from service because of engine trouble. The news comes after Boeing also announced a major engine failure during tests back in August.
After seven missed delivery deadlines for Boeing's troublesome 787 Dreamliner, the company has run into another setback: In a test flight Tuesday, the electrical-equipment bay caught fire. Can the company turn the development nightmares into a happy ending?
More U.S. airline passengers are arriving on time, at least if their flights aren't canceled. According to a new Department of Transportation report, 50% more U.S. flights were canceled in September compared to a year ago, but more of the flights that aren't canceled arrive on time.










