Boeing issues weigh on FTSE 250 group Senior’s results Industrials Aerospace and defence group Senior has reported revenue of £977.1m for the year ended 31 December 2024, a one per cent increase compared to the previous year. Operating profit rose six per cent to £40.3m, while profit before tax increased by 22 per cent to £27.8m. Adjusted profit before tax declined by 14 per cent [...]
Jet2 warns of £45m hit from tax hikes and green levies Transport and infrastructure Jet2 has reported a boost in profit before tax but warned margins may come under pressure in the near future due to a raft of cost pressures. The group operates Jet2.com, the UK’s third largest airline by number of passengers flown and Jet2holidays, the UK’s leading provider of ATOL protected package holidays. Jet2 expects to [...]
Boeing suffers second-biggest yearly loss in its history Transport and infrastructure Boeing has reported its second-largest annual loss on record after one of the most turbulent 12-month periods in its history. The US planemaker reported an annual net loss of $11.8bn (£9.5bn) on Tuesday and burned through some $14.3bn in free cash. Revenue also fell 14 per cent to $66.5bn, while deliveries from its commercial airplanes [...]
Ryanair: ‘Boeing delays have forced us’ to slash passenger forecasts January 27, 2025 Ryanair has slashed its traffic forecasts as a result of ongoing delivery delays from the embattled US planemaker, Boeing. The budget airline said it no longer expects Boeing to deliver sufficient aircraft to meet a 2026 target of 210m passengers. “Boeing delays have forced us to revise our full-year traffic target to 206m, just three [...]
Boeing delivered a third fewer planes in its annus horribilis January 13, 2025 Boeing delivered a third fewer planes in 2024 as the embattled planemaker endured one of the worst years in its history. The US giant handed over 348 commercial airplanes over the 12 months, down from 528 the prior year and the lowest tally since the pandemic. Its rival Airbus gave 766 to its airline and [...]
South Korean plane crash kills 179 December 29, 2024 The deadliest air accident ever in South Korea killed 179 people on Sunday, when an airliner belly-landed and skidded off the end of the runway, erupting in a fireball as it slammed into a wall at Muan International Airport. Jeju Air flight 7C2216, arriving from the Thai capital Bangkok with 175 passengers and six crew on board, was [...]
Ryanair profit tumbles as prices fall and Boeing delivery delays hit capacity November 4, 2024 Ryanair’s half-year profit has fallen 18 per cent amid a dip in the average price of its ticket fares and ongoing Boeing delivery delays. The budget airline reported a post-tax profit of €1.79bn (£1.5bn), even as passenger demand reached a record 115m, up nine per cent year-on-year. Revenue increased one per cent to €8.58bn. However, [...]
Boeing set for crunch vote in strike dispute November 3, 2024 The International Association of Machinists and Aerospace Workers, which represents over 30,000 Boeing staff, will hold a ballot on Monday.
US reports worst jobs growth since December 2020 November 1, 2024 The US has reported its worst jobs growth since December 2020, as only 12,000 new jobs were added to the economy during September. This was significantly below the 113,000 forecast by analysts, leaving economists describing the numbers as “weak”. However, unemployment held steady at 4.1 per cent, while average hourly earnings rose 0.4 per cent [...]
No end for Boeing strike as US workers reject 35 per cent pay rise offer October 24, 2024 Boeing factory workers in the US voted against the company’s latest contract offer and remain on the picket lines six weeks into a strike that has stopped production of the aerospace giant’s best-selling jetliners.