Expect Layoffs
Expect a global re-balancing in market share for this aircraft class
Expect difficult times ahead for those who cannot adapt
Expect difficult times ahead for those who have only known Boeing.
Expect darkness and despair
Expect Layoffs, again and again
Expect to find yourself in the fetal position.
a day ago by Anonymous | 8 reactions (+8/-0)
Post ID: @12kn9pKj-xtn
SpaceX's projected valuation has reached a staggering $800 billion,
a figure that eclipses the combined market capitalization of America's
six largest defense contractors combined.
RTX Corp. (NYSE:RTX) – market cap of $239.54 billion
Boeing Co. (NYSE:BA) – market cap of $160.04 billion (-87b debt)
Lockheed Martin Corp. (NYSE:LMT) – market cap of $111.13 billion
General Dynamics Corp. (NYSE:GD) – market cap of $90.58 billion
Northrop Grumman Corp. (NYSE:NOC) – market cap of $81.32 billion
L3Harris Technologies, Inc. (NYSE:LHX) – market cap of $53.68 billion
https://simpleflying.com/transavia-boeing-737-flight-control-issues-pan-pan/
PAN PAN: Boeing 737 Returns To Amsterdam
Reporting Flight Control Issues
a Transavia Boeing 737-800 operating flight HV-5517 from Amsterdam to Cyprus was forced to return after the crew reported a technical problem shortly after departure.
////////////////////////////////////////
https://www.dailymail.co.uk/news/article-15034353/Packed-Boeing-passenger-jet-Heathrow-makes-emergency-landing-remote-Russian-airport-engine-failure-hundreds-passengers-stranded.html
A plane from London Heathrow with 311 people on board made an emergency landing in Russia early today.
The Boeing 777-39L(ER) suffered 'engine failure' and requested landing at Nizhnevartovsk in Siberia.
https://apnews.com/article/boeing-layoffs-union-strike-4a3b21ba7696e2e945708f6a2cb74438
Boeing issues layoff notices to 400-plus workers as it begins drastic cuts:
SEATTLE (AP) — Boeing has delivered layoff notices to more than
400 members of its professional aerospace labor union,
part of thousands of cuts planned as the company struggles to recover
from financial and regulatory trouble as well as an eight-week strike by
its machinists’ union, that was prolonged by management’s ineptitude.
The pink slips went out last week to members of the
Society of Professional Engineering Employees in Aerospace,
or SPEEA, The Seattle Times reported. The workers will remain
on the payroll through mid-January.
Boeing announced in October that it planned to cut 10% of its
workforce, about 17,000 jobs, in the coming months.
CEO Kelly Ortberg told employees the company must
“reset its workforce levels to align with our financial reality.”
The Society of Professional Engineering Employees in Aerospace,
or SPEEA, union said the cuts had affected 438 members.
The union’s local chapter has 17,000 Boeing employees who are
largely based in Washington, with some in Oregon, California and Utah.
Of those 438 workers, 218 are members of SPEEA’s professional unit,
which includes engineers and scientists. The rest are members of the
technical unit, which includes analysts, planners, technicians and
skilled trades-people.
What's new? This is Boeing. Da!
https://www.waff.com/2025/02/09/boeing-announces-potential-layoffs-sls-employees/
By By SLS, Hello Space X
Trump's Nominee To Head USDOT Will Keep Boeing 737 MAX Production Cap
“The cap will be maintained and will be lifted when I, in consultation
with the career safety experts at FAA and the Administrator,
have confidence that a production increase will not reduce
the quality of Boeing’s deatҺtгap aircraft in there haphazard
production scheme.”
Sean Duffy, head of USDOT
https://airinsight.com/this-week-at-boeing-17-january-2025/
Emirates remains upset with Boeing, with Emirates CEO Tim Clark
urging Kelly Ortberg to treat their employees better.
Clark has been a constant critic of aircraft delays,
but is urging the company to return to its prior excellence, indicating
that Emirates and other airlines will clearly buy more airplanes once
its quality issues are resolved.
A year after Boeing's door plug accident, the aircraft giant faces
a steep road to recovery
Boeing's stock price is down more than 30% over the past 12 months, while the S&P 500 is up nearly 27%.
Since the accident, the Federal Aviation Administration increased its oversight of Boeing, capping its production of its best-selling 737 Max deatҺtraps,
FAA chief Mike Whitaker, who said he will step down on Jan. 20, warned the company on Friday that
"Enhanced Oversight Is Here To Stay."
https://www.nbcconnecticut.com/news/business/money-report/a-year-after-boeings-door-plug-accident-the-aircraft-giant-faces-a-steep-road-to-recovery/3466646/
From Titan to Tiny
Via -- penny wise, pound foolish...
Our new messiah, Kelly, claims we do not need a new plane to replace the 737
But instead, we just to stop bickering and get to work.
Can you feel the Joy,
to be unburdened by what has been
Boeing’s next big problem could be a strike by 32,000 workers
https://finance.yahoo.com/news/boeing-next-big-problem-could-150019473.html
Boeing has experienced all manner of bad news in the last six years,
and almost nothing but problems.
Later this month it could add a strike by 32,000 workers to its woes.
The inept company is now facing the wrath of its own employees after
Years of cuts to their pensions that are now, non-extant,
as well as their medical benefits.
All of this along with pay increases that have not kept up with inflation.
Let alone the devastating impacts that Bіdenomics has had on the nation.
The looming threat of a strike is now being used to explain Boeing’s
precipitous drop in stock value.
In apparent hopes of deflecting from the companies colossal failures
such as the on-going saga of the 737 Max as well as all of the companies
space related programs, such as
The Artemis program, and ULA (United Launch Alliance)
Along with the latest high profile disaster, Starliner, and once again
this disaster is another one of their own making… @vzv+1ufCm6bE
https://www.nasa.gov/wp-content/uploads/2015/04/475893main_nnj10ta07s_boeing_saa-r_new.pdf
The contract between Boeing and the International Association of Machinists
is due to expire at 11:59 pm PT on September 12. Without a new contract,
the workers who build its planes in Washington state are set to start the
first strike at the company in 16 years. And right now, the chances of a
deal don’t look good, according to the head of the union local.
“We’re far apart is on all the main issues of wages, health care, retirement,
time off, and forced overtime due to mass mismanagement at every level.
Jon Holden, president of IAM District 751, told CNN this past week.
“We continue to work through that, but it’s been a tough slog to get through.”
Expect Layoffs, as the company continues to circle the drain.
https://www.nbcnews.com/news/us-news/boeing-whistleblower-says-dreamliner-787-break-apart-due-safety-flaws-rcna147137
Boeing whistleblower says the Dreamliner 787 Could
'break apart' because of safety flaws, report says
Boeing is facing newly revealed whistleblower claims that its 787 Dreamliner planes have structural failings that could eventually
cause them to break apart, adding to the unprecedented crisis
facing the aviation giant.
The Federal Aviation Administration is investigating claims made
by Boeing engineer Sam Salehpour, The New York Times reported Tuesday.
In a lengthy response, Boeing strongly disputed the claims and
said it was "fully confident" in the 787.
Just the same, as in the case of the Max DeatҺtraps,
fully confident again.
But the new allegations come at a bruising time for the
Virginia-based company, two weeks after CEO Dave Calhoun and
other senior executives announced they would step down following
a series of damaging stories about the safety of its jets.
https://www.dailymail.co.uk/news/article-13212277/Alaska-Airlines-Boeing-737s-inner-windshield-CRACKS-landing-Portland-International-Airport-following-litany-abysmal-issues-planes.html
Alaska Airlines Boeing 737's inner windshield CRACKS while landing at
Portland International Airport -
following a litany of abysmal issues with the planes
https://www.thestate.com/news/business/article286594990.html
United tells Boeing to stop making its long delayed Max 10s
United Airlines Holdings Inc. has told Boeing Co. to stop building 737 Max 10 jets
for the carrier,
opting to switch to a smaller variant and the rival Airbus SE A321 until the
US planemaker can pull the stretched single-aisle through its
long-delayed certification.
"We've asked Boeing to stop building Max 10s, which they've done, for us and
start building the Max 9 deatҺtraps," United Chief Executive Officer Scott Kirby
said Tuesday at a JPMorgan investor conference.
"It's impossible to say when the Max 10 is going to get certified."
Once the Max 10 gets clearance to operate, United will switch back to the Max 10,
deatҺtrap Kirby said. The United CEO confirmed an earlier Bloomberg reports
that the airline is looking to swap out some of its massive order for 277 of that
variant to use the A321 instead, offering the European planemaker the rare
opportunity to seize an important piece of business from its chief rival.
So long story short expect the unexpected. Simple.
https://www.ft.com/content/ad41382f-3279-46ad-9ddd-8f7b0c368f07
You can't erase history and history unfortunately good or bad repeats itself always!
Thanks for the education on this Internet timeline.
Wednesday, January 31, 2024
Core loss per share (non-GAAP) ($5.81)
Boeing shares outstanding for the quarter ending
September 30, 2023 were 0.607B, a 1.83%
An increase year-over-year.
Thanks for the education
Boeing: 1, 2, 3 Strikes, You're Out
https://seekingalpha.com/article/4664161-boeing-one-two-three-strikes-youre-out
Summary:
its history of rushing products to market,
make it an unattractive investment option.
“I Won’t Be Buying Boeing,”
about the original MAX 8 problems. I advised a SELL.
Boeing was having on the too-little-discussed defense
side of its business. --- I again advised a SELL.
I look forward to the day when I can say Boeing's
Myriad of troubles are behind it.
This is not that day!!!
Yay!!!!!
You found a 9 month old article about jobs that have already been outsourced. They are all gone already.
Not an original thought or competent post from leadership or the general employee.
Next time can you find one about the layoffs from the mid 80s and early 90s...just as relevant.
No wonder Boeing isn't relevant anymore.
Boeing is cutting 2,000 HR and finance jobs, outsourcing some to India.
https://www.cnn.com/2023/02/07/business/boeing-job-cuts/index.html
Boeing plans to cut about 2,000 white-collar jobs in finance and human resources,
and it will be shifting some of that work to an outside contractor in India.
The company said that job cuts will be accomplished through a combination
of attrition and layoffs. Boeing said that the employees who will be laid off
have yet to be notified.
Some of work conducted by the staff being let go will be contracted out to
Tata Consulting Services in Bengaluru, India, while other work will be
eliminated through streamlining and simplifying processes.
To the unintelligent people who post on four year old threads
W
T
F
?
https://www.tipranks.com/news/boeing-nyseba-to-open-largest-facility-outside-the-us-in-india
Aerospace giant Boeing (NYSE:BA) is set to open a 43-acre facility,
its largest outside the U.S., in India.
Boeing has set a target of ~$1.25 billion per year in sourcing from India and is investing nearly $200 million in the complex near Kempegowda International Airport in India.
Earlier this year, Boeing announced a $100 million infrastructure investment to
train pilots in the country.
Furthermore, the company is also planning to expand the existing fleet of 12 P-8I aircraft in service with the Indian Navy to 18. The move is expected to result in an investment of about $1.5 billion and lead to new indigenization opportunities in the Indian aerospace and defense sector.
The Slow Grind Into The Dust Bin of History Continues
Failure at every turn and in every program.
Yet the bonuses for our inept management continue.
Boeing to Cut About 150 Finance Jobs in the U.S.
https://www.wsj.com/articles/boeing-to-cut-about-150-finance-jobs-in-the-u-s-11663713915
Regulatory Scrutiny Still Slowing Boeing’s Fraudulent Certification Efforts
https://www.ainonline.com/aviation-news/air-transport/2022-06-17/regulatory-scrutiny-still-slowing-boeings-certification-efforts
A stricter regulatory environment resulting from the twin fatal crashes of the
Boeing 737 Max in 2018 and 2019 undoubtedly has slowed certification progress
on the latest variants, the Max 7 and Max 10. But recent U.S. legislation that
requires a modern crew alerting system in new aircraft certified after next
January 1 perhaps presents the most pressing concern for Boeing,
which must demonstrate to the FAA that the current cockpit configuration
in the Max 10 ensures an equivalent level of safety to aircraft with an engine
indicating and crew alerting system (EICAS). If the Max 10 does not gain
certification by the end of the year, Boeing will need to get an exception to
extend the effective deadline or face the prospect of redesigning the
avionics system to include an EICAS, which would cost it not only valuable time
but erode the commonality between variants so valued by airline customers.
Air India decides to procure Airbus A350 aircraft; first plane's delivery likely by March 2023
https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/air-india-plans-to-procure-airbus-a350-aircraft/articleshow/92239018.cms
Air India has not bought a single aircraft since 2006 when it had placed orders
for purchasing 111 aircraft -- 68 from the US-based aircraft manufacturer
Boeing and 43 from European aircraft manufacturer Airbus
Now they’re all in on Airbus
BIG B WILL SOON BUILD A NEW PLANE, AIRBUZZ IS DONE THEN LOOOOL
YALL WHO ACTUALLY WORK HERE KNO WHAT WHAT IM TALKIN BOUT...
Inept Boeing Falls Victim to Russia Sanctions
https://www.rt.com/business/556941-boeing-production-halt-russia/
“Boeing’s dependence on Russian titanium is extremely high,
amounting to about 30-40%
In March, Boeing suspended titanium purchases from Russia,
saying that it had substantial inventory of the metal and could secure
additional supplies from other sources. This decision was made after
Russia was hit with severe sanctions by the US and its allies.
According to Gusarov, the temporary halt in production of the 737 Max Frauds
could be attributable not only to the suspension of Russian titanium deliveries
but also to the global disruption of supply chains.
The expert added that the annual global production of up to 600 planes typically
involves engaging nearly all of the global manufacturing capacity for its
relevant components.
Spirit’s MAX inventory grows as Boeing suffers more management incompetence
https://airinsight.com/spirits-max-inventory-grows-as-boeing-suffers-hiccups/
CEO Tom Gentile told the UBS Global Industrials and Transportation Conference
on June 8 that he has currently 85 to 90 completed frames in inventory at the
Wichita plant as Spirit adjusts deliveries to Renton.
Growing the inventory doesn’t worry Gentile, especially as Boeing pays for it.
“As long as we produce at the same rate, it is going to plateau there.
But when we go to higher rates next year, we will burn down inventory over
the course of 2023 to twenty units.” This has been the number that Spirit
communicated earlier as a permanent buffer that will act as a cushion for Boeing’s
management incompetence.
06/19/2022
Here's a failing mismanaged dinosaur of a company that had a $2 Billion loss in Q1.
Their products are junk and they still can't deliver them.
But yet they have 15,000 open job reqs ? ....right.
15,000 workers to do what ? Sit around watch movies on their phones, or text all day, come in late, leave early, take long lunches and have a little Tequila in the planes their building ?
What A Load of C R A P.
https://www.barrons.com/articles/boeing-hasnt-deliveredon-jets-or-other-requisites-for-recovery-51653680738
When Barron’s recommended Boeing on Aug. 13, it was predicated on three things happening: --- CEO Dave Calhoun needed to prioritize Engineering,
(Build A New Plane), And Sell More Stock --- to fix the balance sheet.
None of that has happened, and the shares (ticker: BA) are down 44% since then.
Boeing is In Regulatory Hҽll, Struggling to Deliver New Aircraft
The 737 MAX certification travesty quite literally has left blood on the hands of both
Boeing and the Federal Aviation Administration (FAA), and that has resulted in the
company and the agency each taking a deep internal look to fix the
root of the problem -- (A Corrupt Boeing Certifying Its Mistakes As Air Worthy)
and a regulatory agency ordered to look the other way by a Corrupt Congress.
But now, there’s a new issue… all of this mayhem has resulted in significant delays
to the certification of new aircraft and even trouble with existing ones.
This combined with a likely over-correction by the FAA means airlines are not
getting their airplanes when they need them. And they are really piѕѕed off.
(over-correction) No One Trust Boeing - Nor Should They!!!
Starliner = Cгapliner / Dreamliner = Nightmareliner
https://crankyflier.com/2022/01/11/boeing-is-in-regulatory-he-l-struggling-to-deliver-new-aircraft/
It is unconscionable to let a brain dҽad patient continue in this manner.
Pull The Plug!!!
Boeing is on life-support, that is why they are moving to DC. Hoping the corrupt government will give them an unlimited transfusion of taxpayer dollars.
Expect layoffs to be announced in June meeting.
Wednesday 25 May 2022
Saudi Arabia's Flyadeal mulls 50-jet narrow-body order
with Airbus and Boeing in the race
https://www.thenationalnews.com/business/aviation/2022/05/25/saudi-arabias-flyadeal-mulls-50-jet-narrow-body-order-with-airbus-and-boeing-in-the-race/
My money is on Airbus
@OP+1gg7JrDL
@OP+1gCbp8yz
@OP+1gxuCzGC
@OP+1gw2CVZU
@OP+1gzsqM9x
@vec+12lmFi8K
Boeing’s freighter dominance will be crushed by the A350.
https://leehamnews.com/2021/04/06/boeings-freighter-dominance-threatened/
The Boeing 777-200LRF proved popular and cut into demand for the
Boeing 747-8F. - ICAO regulations effective in 2027 mean that the 767F
and the 777F won’t comply and production must cease. / Obsolete:
Deep Dive in the article:
Airbus vs Boeing: orders and deliveries in Q1 2022 | Data
https://www.aerotime.aero/articles/30744-airbus-boeing-orders-deliveries-q1-2022
Airbus has delivered 140 aircraft across 48 customers during
the first quarter of 2022.
Meanwhile, Boeing delivered a total of 95 aircraft in Q1 2022.
In terms of gross orders, Airbus has also clearly surpassed Boeing
in Q1 2022.
While Airbus won 253 aircraft orders,
Boeing received 167 aircraft orders.
A slow extinction event:
Here We Go Again
Nov. 01, 2021
https://seekingalpha.com/article/4464093-boeing-costs-spiral-further-in-fresh-blow
Boeing Costs Spiral Further In Fresh Blow:
Assessing Boeing’s quarterly results is already difficult with the various
segments of the company and the various products. It becomes even more
complex when considering the recovery of the market and progress on
reinstating some of the products and the pace at which that is happening.