Today’s news about Boeing centers on a fiery speech to employees by CEO Kelly Ortberg, in which he challenged the staff to become a part of the turnaround. Several interesting quotes have been reported from the meeting, including that “Boeing…
Boeing CEO Kelly Ortberg outlined his strategy in advance of the company’s third-quarter earnings call, and most analysts felt that he did not underestimate the tasks ahead and recognized the turnaround will require a long-term strategy and cultural change. This…
United Airlines released its second quarter 2024 earnings yesterday. With pre-tax earnings of $1.7 billion and a pre-tax margin of 11.6%, the company posted adjusted diluted earnings per share of $4.14, in line with guidance. The company reiterated expectations for full-year adjusted…
As we enter the last month of 1Q24 (already?), here are some thoughts on the state of the commercial aviation industry. The summary is that there is a silver lining, but it is obscured – for now. The perfect storm…
Daher is best known for its TBM and Kodiak turboprop aircraft, but it is a larger and more varied enterprise. Its new strategy, Take Off 2027, aims to grow in four distinct but complementary businesses: aircraft, industry, industrial services, and…
Saudia Airlines is closing in again on the all-time record of 36.9 million passengers carried in 2019. The airline said on Monday that it carried 30.3 million passengers in 2023, up from 25 million in the previous year. Saudia reports…