Boeing Warns 787 Delays Will Hurt Profit

Boeing Co. says delays to its new 787 and higher pension expenses will hurt its 2011 profit. The airplane builder and defense company also says its fourth-quarter profit fell to $1.16 billion, down 8 percent from the same time last year. Not counting special items, the profit was about what analysts expected.

Airline Passengers Now Get Stranded -- Even Before It Snows

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.

Another Problem for a Qantas Jet

Qantas, the Australian airline with a fatality-free flying record, suffered another flight mishap Monday. The latest problem was with an Argentina-bound Boeing 747 that experienced smoke in its cockpit an hour after takeoff.

Russia to Buy 50 New Boeing 737 New Generation Airliners

Russia will buy 50 new Boeing (BA) 737 Next Generation airliners in a deal worth $3.7 billion. Russian Technologies, a state-owned company that manages the government%u2019s stakes in 12 regional airlines, will buy the aircraft, The Associated Press said. The deal also gives Russian Technologies an option for another 35 jetliners.

Japan Airlines to Cut 16,000 Jobs in Restructuring

Japan Airlines plans to slash its workforce and reduce the number of planes in its fleet as part of its bankruptcy restructuring. The airline aims to eliminate more than 16,000 positions, BBC News reported. Some of these reductions will come through early retirement and the sale of subsidiaries.

Will Passengers Pay for WiFi in the Sky?

Airlines plan to nearly triple the number of planes with in-flight Internet access this year, but fewer than one in 50 passengers currently pay for the service. When will WiFi revenues start to take off?

Orders for Boeing's 787 Jet Keep Falling

Boeing has had more canceled orders for its 787 jet than new orders now that aircraft-leasing company Dubai Aerospace Enterprise has stopped 25 orders in the past month.

Cathay Pacific to Buy 36 Planes As Passenger Traffic Rises

Cathay Pacific Airways (CPCAY) will buy 36 planes after its quarterly earnings surged and passenger levels rose. Hong Kong%u2019s largest carrier will order 30 Airbus A350-900 planes and six Boeing 777-300ERs, Bloomberg News reported. The company%u2019s passenger traffic rose 8.5% in the quarter, while profit rose more than eightfold to HK$6.84 ($881 million).

Boeing Sees Rebound in Airplane Demand

Boeing's (BA) Commercial Airplanes CEO sees a rebound in demand for commercial aircraft as the global economy improves. The company had over 3,000 unfilled orders for commercial airplanes as of June 30, the company said in a statement. Many customers are choosing the Next-Generation 737 and the 777 planes.