Tag: Commercial Airplanes

Slowing Aircraft Sales Sees Boeing Lay Off More Engineers

Reading Time: 1 minute Following on from the announcement that 245 workers are to be laid off on May 19 after action taken by Boeing in January and March this year, the commercial airplanes unit has warned employees that hundreds more engineers are likely to be affected by another round of involuntary layoffs. It is understood these will begin […]

Boeing to Cut More Commercial Jobs in 2017

Reading Time: 2 minutes Boeing anticipates its Commercial Airplanes unit’s workforce will be reduced by 8% by the end of 2016 compared to January, and it is planning additional employee reductions in the unit in 2017, which could include involuntary layoffs. Boeing Commercial Airplanes president and CEO Kevin McAllister and Boeing vice chairman Ray Conner shared the news about […]

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 […]