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  • BREAKING NEWS

BREAKING NEWS

Traffic Alert: Disabled semi-truck causing major backups on the Dames Point Bridge

DAVID CALHOUN


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Jet crash disaster in South Korea marks another setback for Boeing

Read full article: Jet crash disaster in South Korea marks another setback for Boeing

A machinists strike.

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A strike would add to turbulent times at Boeing

Read full article: A strike would add to turbulent times at Boeing

A strike by the 33,000 factory workers who assemble some of Boeingโ€™s best-selling planes would come as another blow to a company whose bottom line and reputation have taken plenty of hits this year.

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Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

Read full article: Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

Boeing has a new chief executive.

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Troubled Boeing stays close to the ground at a major UK air show

Read full article: Troubled Boeing stays close to the ground at a major UK air show

European planemaker Airbus plans to show off its newest passenger jet with daily flight demonstrations during one of the worldโ€™s biggest aviation trade fairs.

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Boeing CEO defends his safety record, spars with senators and apologizes to crash victims' relatives

Read full article: Boeing CEO defends his safety record, spars with senators and apologizes to crash victims' relatives

The CEO of Boeing got his day in front of Congress, and it was a rocky flight.

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Boeing tells federal regulators how it plans to fix aircraft safety and quality problems

Read full article: Boeing tells federal regulators how it plans to fix aircraft safety and quality problems

Boeing officials have presented a plan for improving manufacturing quality and safety to federal officials.

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Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution

Read full article: Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution

Boeing shareholders have approved CEO David Calhounโ€™s $32.8 million compensation.

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Boeing's financial woes continue, while families of crash victims urge US to prosecute the company

Read full article: Boeing's financial woes continue, while families of crash victims urge US to prosecute the company

Boeing has reported a $355 million loss for the first quarter.

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Boeing's CEO got compensation worth nearly $33 million last year but lost a $3 million bonus

Read full article: Boeing's CEO got compensation worth nearly $33 million last year but lost a $3 million bonus

Boeing CEO David Calhoun is getting compensation valued at $33 million for last year, nearly all of it in stock awards.

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As Boeing turbulence persists: A look at past crashes and safety issues involving the plane maker

Read full article: As Boeing turbulence persists: A look at past crashes and safety issues involving the plane maker

Boeing keeps hitting more and more turbulence.

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Boeing CEO to step down in management shake-up as manufacturing issues plague storied plane maker

Read full article: Boeing CEO to step down in management shake-up as manufacturing issues plague storied plane maker

A leadership shake-up at Boeing is highlighting the difficult path facing the iconic aircraft manufacturer as it tries to navigate through another safety crisis.

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Major airlines want to hear how Boeing plans to fix problems in the manufacturing of its planes

Read full article: Major airlines want to hear how Boeing plans to fix problems in the manufacturing of its planes

The heads of leading U.S. airlines want to meet with Boeing and hear the aircraft manufacturerโ€™s strategy for fixing quality-control problems that have gained attention since a panel blew out of a jetliner in January.

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Boeing cuts its 4Q loss to $30 million, but that was before one of its jets lost a panel in flight

Read full article: Boeing cuts its 4Q loss to $30 million, but that was before one of its jets lost a panel in flight

Boeing says it lost $30 million in the fourth quarter, and revenue was stronger than expected.

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FAA approves inspection process that could clear the way for grounded Boeing planes to fly again

Read full article: FAA approves inspection process that could clear the way for grounded Boeing planes to fly again

Federal officials are clearing the ways for grounded Boeing planes to resume flying.

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Alaska Airlines cancels flights on certain Boeing planes through Saturday for mandatory inspections

Read full article: Alaska Airlines cancels flights on certain Boeing planes through Saturday for mandatory inspections

Alaska Airlines is canceling all flights on Boeing 737 Max 9 planes until Saturday while it waits for new instructions on how to inspect and fix the planes.

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Investigation into why a panel blew off a Boeing Max 9 jet focuses on missing bolts

Read full article: Investigation into why a panel blew off a Boeing Max 9 jet focuses on missing bolts

Federal regulators are extending the grounding of some Boeing jets after an Alaska Airlines plane lost a side panel last week.

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Boeing promotes insider to chief operating officer, putting her in the discussion about the next CEO

Read full article: Boeing promotes insider to chief operating officer, putting her in the discussion about the next CEO

Boeing is promoting a woman to one of its top jobs, putting her in the discussion about possible successors to current CEO David Calhoun.

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Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One

Read full article: Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One

Boeing is reporting a loss of $1.64 billion in the third quarter.

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Boeing loses $425M in 1Q but plans production boost for Max

Read full article: Boeing loses $425M in 1Q but plans production boost for Max

Boeing says it lost $425 million in the first quarter as it continues to deal with production problems on its airline jets.

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Boeing production problem spills over into summer travel

Read full article: Boeing production problem spills over into summer travel

Boeingโ€™s latest setback with production issues means airlines will have fewer planes than they expected to handle big crowds of travelers this summer.

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Boeing CEO loses $7M bonus, keeps $22.5 million compensation

Read full article: Boeing CEO loses $7M bonus, keeps $22.5 million compensation

Boeing's CEO is missing out on a $7 million bonus because the company's new large jet is behind schedule.

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Problem-plagued Boeing sets ambitious turnaround targets

Read full article: Problem-plagued Boeing sets ambitious turnaround targets

Boeing is promising Wall Street that it will make big improvements in airplane production and cash-flow generation in the next few years.

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Boeing posts $3.3B loss on costs tied to defense programs

Read full article: Boeing posts $3.3B loss on costs tied to defense programs

Boeing is reporting a $3.3 billion loss for the third quarter because of higher costs related to several government programs including building new Air Force One presidential planes.

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Boeing reports Q2 profit but misses Wall Street expectations

Read full article: Boeing reports Q2 profit but misses Wall Street expectations

Boeing is reporting a $193 million second-quarter profit for shareholders, but the results are falling short of Wall Street expectations.

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Boeing posts $1.2 billion loss in Q1, worse than expected

Read full article: Boeing posts $1.2 billion loss in Q1, worse than expected

Boeing is reporting a money-losing quarter as both its civilian-airplane division and the defense business are struggling.

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Boeing settles with funds that sued after 737 Max crashes

Read full article: Boeing settles with funds that sued after 737 Max crashes

Current and former Boeing directors have settled a shareholder lawsuit that accuses the directors of poor oversight before two of the company's jets crashed, killing 346 people.

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Boeing CEO waived pay but got compensation worth $21 million

Read full article: Boeing CEO waived pay but got compensation worth $21 million

Boeing CEO David Calhoun declined a salary and performance bonus for most of 2020 but still received stock benefits that pushed the estimated value of his compensation to more than $21 million, according to a regulatory filing Friday, March 5, 2021. Calhoun, who became CEO in January 2020, received $269,231 in salary for the period before he disavowed his salary in March. AdThe company said Calhoun gave up about $3.6 million by declining most of his salary and a $2.5 million bonus. But most of Calhoun's compensation โ€” valued by Boeing at more than $20 million โ€” came in the form of stock benefits that will vest in the next few years, assuming he remains CEO. Calhoun, 63, was a longtime Boeing board member before being named CEO after the firing of Dennis Muilenburg in December 2019.

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Boeing will pay $2.5 billion to settle charge over 737 Max

Read full article: Boeing will pay $2.5 billion to settle charge over 737 Max

FILE - In this Monday, June 29, 2020, file photo, A Boeing 737 MAX jet taxis after landing at Boeing Field following a test flight in Seattle. Boeing will pay $2.5 billion to settle a criminal charge related to its troubled 737 Max jetliner. (AP Photo/Elaine Thompson)Boeing will pay $2.5 billion to settle a Justice Department investigation and admit that employees misled regulators about the safety of its 737 Max aircraft, which suffered two deadly crashes shortly after entering airline service. The first airlines began flying the 737 Max in mid-2017. Boeing said in a regulatory filing that it will take a $743.6 million charge against earnings because of the settlement.

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Boeing gets a boost from Ryanair order for 75 more Max jets

Read full article: Boeing gets a boost from Ryanair order for 75 more Max jets

Irish budget airline Ryanair said Thursday it is ordering 75 more Boeing 737 Max jets, a boost for Boeing just before its most important plane returns to flying after two deadly crashes. Before Ryanairโ€™s order, the company had reported only five Max orders in 2020. Boeing CEO David Calhoun said he is confident that the Ryanair move is the beginning of the company's bid to rebuild its Max order book. CEO Michael Oโ€™Leary said that with the additional 75 planes, Max jets will make up one-third of Ryanairโ€™s fleet in five years, up from 6% now. Boeing expects the pandemic to cast a pall over demand for airline jets for several years.

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Troubles abound, Boeing losses bloom to $2.4 billion in 2Q

Read full article: Troubles abound, Boeing losses bloom to $2.4 billion in 2Q

Boeing losses reached $2.4 billion in the second quarter and the company will slow production and cut more jobs as demand for commercial aircraft withers in the pandemic. The losses were far worse than Wall Street expected, as was the decline in revenue, which fell 25%. So far this year, Boeing deliveries of new airliners a critical source of cash for the Chicago company are down 71%. The $2.40 billion loss included more than $1.3 billion in write-downs for production slowdowns, severance payments and temporary closures because of virus outbreaks in Boeing factories. Revenue fell to $11.81 billion, down from $15.75 billion a year earlier.

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