Boeing Unveils New 747 Intercontinental Jet

Boeing (BA) unveiled the new 747-8 Intercontinental jet, which can seat as many as 500 people. The new plane has 12% lower costs per seat than the 747-400, Boeing said in a statement. The plane will also emit 16% less carbon.

While Airlines Are Profiting Again, Fliers Are Suffering

Of all the industries that have achieved record profits recently, none have posted more remarkable results than the airline industry. For the first time in a decade, the industry is on a glide path to profitability -- but it's getting there by squeezing its customers.

How GE Is Arming China to Compete With Boeing -- and America

GE plans to sell its aircraft electronics to Chinese companies, and if you don't have a problem with that, maybe you should. After all, China just test flew a prototype stealth fighter, it continues to build up its military -- and we can only hope it's not planning to expand its territory in ways that threaten the U.S.

Quantas to Keep Superjumbos Grounded

Australia's national airline is keeping its flagship superjumbos on the ground more than a week after a frightening midair engine disintegration.

Boeing Delays Maiden Flight of 787 Test Jet

Boeing (BA) is delaying the maiden flight of one of its test 787 Dreamliner jets. "Typical build and flight-test challenges" are holding back the sixth test jet%u2019s maiden flight, while workers are "finishing the structure and dealing with anything you have to deal with in getting a flight-test plane ready," Boeing spokeswoman Yvonne Leach told Bloomberg News .

Crews Work to Replace Boeing Dreamliner 787 Jet Engine

Crews are working to replace a Rolls-Royce engine in one of Boeing%u2019s (BA) five 787 Dreamliner test jets after the engine experienced a power surge before takeoff. It%u2019s not yet clear if the 787%u2019s test schedule will be affected, Yvonne Leach, a spokeswoman for Boeing, told Bloomberg News.

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?

Delta Reports Second Quarter Earnings of $467 Million

Delta Air Lines (DAL) reported second-quarter earnings of $467 million , or 55 cents a diluted share, including special items. The company posted a loss of $257 million in the second quarter of 2009 The earnings were driven by a 19% increase in passenger revenue, which rose to $7 billion, the company said in a statement. Cargo revenue advanced 22%.

Somehow I Knew He'd Say This...

There's something in the air, and as usual, these days, it's a merger. It's looking very likely that Delta Air Lines and Northwest Airlines are going...