Boeing HQ
Today’s key stories center about 2nd quarter earnings and expectations for Q3 after July deliveries holding pace. Boeing will release earnings prior to market opening today, amid expectations for losses and negative cash flow as the company begins its manufacturing and cultural turnaround.
July deliveries for Boeing are reported to be holding pace with June, in particular new built 737 MAX models. After a second quarter drop in deliveries year to year and the FAA maintaining control over a slower than projected ramp-up, upticks in production are favorable. China appears ready to restart deliveries and reduce some of the aircraft inventory at Boeing, joining carriers in India as primary customers of the older aircraft in inventory.
Addison Schonland provides his insight into the number of long-range routes flown by single aisle aircraft in an interesting article regarding the A321XLR and the extent of its market. The Airbus success in the Middle of the Market, which Boeing invented and later abandoned, remains a significant factor in changing the dynamics of the duopoly.
The latest news from space is good, with the hot fire test on Starliner going well, which will likely result in a return date decision once data are fully analyzed in a few days. Unfortunately, the Starliner program already cost the company $1.5 billion before the latest issues.
Finally, an article talks about the fact that Airbus and Boeing will retain their supremacy in the aircraft business, as the competitive dynamics and barriers to entry remain strong.
Links to today’s key stories follow:
- Boeing Q2 earnings: investors brace for potential loss – yahoo
- Boeing July deliveries hold decent pace, Chinese resumption expected soon: BofA – Investing
- Long range single aisles – mirage or real? – AirInsight
- Boeing says Starliner hot fire test on ISS went well with return date decision coming up – phys.org
- Boeing Starliner delays already cost the company $1.5 billion before ISS launch – Jalopnik
- Airbus and Boeing supremacy secure despite turbulence – Hurriyet Daily News
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