Boeing
Boeing Soars with 35% Revenue Surge in Q2 2025
July 30, 2025 – Boeing announced its financial results for the second quarter of 2025 today, revealing a significant uptick in revenue and a reduction in net losses compared to the same period last year. The aerospace giant reported revenue of 22.75billion,a3516.866 billion in Q2 2024, surpassing market expectations of 21.844billion.Despitethepositiverevenuegrowth,Boeingstillpostedanetlossof612 million, though this marked…
Boeing Delivers 348 Aircraft in 2024, Down 35% Year-on-Year and Less Than Half of Airbus’ Deliveries
January 15, 2025 – Boeing has recently released its delivery figures for 2024, revealing a significant decline in aircraft deliveries compared to the previous year. According to the data, the company delivered 30 aircraft in December 2024, bringing the total number of deliveries for the year to 348 aircraft. This represents a drop of nearly…
Boeing CEO Warns: Serious Cultural Issues Demand Mistake-Free Future
November 22, 2024 – Following a company-wide meeting on November 20th, Boeing CEO Kelly Ortberg expressed concerns regarding the company’s deep-seated cultural issues, stating that it cannot afford to make any further mistakes. In his address, Ortberg pointed out the bloated management structure, wasteful spending, and a culture of internal strife and blame-shifting within the…
Boeing to Lay Off 2,199 Employees in Washington, Total Cuts Reach 17,000
November 19, 2024 – Boeing has announced plans to lay off 2,199 employees in Washington state, part of a larger company-wide reduction that will ultimately affect approximately 17,000 workers. The news was released by the Washington State Employment Security Department on Monday. Currently, Boeing employs around 66,000 individuals in the state. According to the Society…
Boeing to Reduce Workforce by 10%, Impacting 17,000 Jobs
November 14, 2024 – Boeing, the aerospace giant, is set to begin notifying employees this week about its plan to eliminate 17,000 jobs, accounting for 10% of its global workforce. This downsizing is part of the company’s previously announced restructuring plan. In a statement, Boeing declared, “As previously announced, we are resizing our workforce to…
Boeing Strike Persists as Workers Decline Latest Contract
October 24, 2024 – Following a rejection of a new labor contract proposal by Boeing machinists on Wednesday, the costly strike, which has halted the production of some of the troubled company’s best-selling aircraft and led to the layoff of thousands of workers, is set to continue for several more weeks. The International Association of…
Boeing Strike Ripple Effect: Spirit AeroSystems Mandates Leave for 700 Workers
October 21, 2024 – Following a more than month-long strike at aircraft manufacturer Boeing that has significantly impacted its supplier’s cash flow and inventory space, Spirit AeroSystems announced last week that it will be implementing a mandatory 21-day leave for 700 of its employees. The strike, which has halted production of Boeing’s 767 and 777…
Negotiation Stalemate: Boeing Rescinds 30% Wage Hike Offer to Strikers
October 10, 2024 – In a move that has escalated tensions, aerospace giant Boeing has withdrawn its wage increase proposal to striking workers, citing a breakdown in negotiations with union representatives. The company has placed blame on the union for not giving due consideration to its offer. The International Association of Machinists and Aerospace Workers…
Boeing Faces Strike as 94.6% of Workers Reject Tentative Labor Deal
September 13, 2024 – Boeing and its largest union, the International Association of Machinists and Aerospace Workers (IAM) 751, announced on September 8th that they had reached a tentative agreement on a new four-year contract, potentially averting a strike that could have significantly impacted the company’s aircraft manufacturing. However, according to a report by CNBC…
Boeing Aims to Boost 737 MAX Production in Latter Half, Targets 38 Units per Month by Year-End
July 22, 2024 – Boeing’s Chief Operating Officer, Stephanie Pope, has announced that the company expects to increase production of its 737 MAX aircraft in the latter half of this year. This comes after a series of incidents that have highlighted potential quality and safety issues with Boeing aircraft. Previously, a cockpit panel from a…