Tag: 747-8

Boeing Shares Lower After Company Forecasts $2.05 Billion Q2 Charges

Reading Time: 1 minute Shares of Boeing Co fell more than 1% in late trading Thursday after the aircraft maker warned second-quarter charges will reach $2.05 billion, stemming from setbacks and difficulties in three separate programs and including problems related to weaker air-cargo market trends. In its 787 program, Boeing decided not to invest funds for the refurbishment and sale […]

Boeing Gets Lifeline Order From Russia For 747-8

Reading Time: 2 minutes Russian specialist cargo company Volga-Dnepr Group has finalized an agreement for the acquisition of 20 Boeing 747-8 freighters. This underpins the operator’s confidence in the future recovery of the air-cargo market, and provides a much-needed lifeline to Boeing’s beleaguered 747 production line. The carrier, which has already taken four of the aircraft announced in the […]

Boeing 1Q Net Profit Down 9% To $1.22 Billion

Reading Time: 1 minute Boeing posted a first-quarter net profit of $1.22 billion, down 9% from net income of $1.34 billion in the prior-year period, and reaffirmed guidance that full-year 2016 revenue and commercial aircraft deliveries will be slightly down from 2015. The manufacturer’s first-quarter revenue rose 2% year-over-year to $22.63 billion and operating profit was $1.79 billion, down […]