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.
Boeing plans to raise £27bn amid concerns of future bankruptcy October 15, 2024 Embattled US planemaker Boeing has announced plans to raise as much as $35bn (£26.8bn) through a credit agreement and share sale to boost its balance sheet as it battles a string of crises.
Boeing to lay off 10 per cent of employees as factory strike cripples production October 12, 2024 Boeing plans to lay off about 10 per cent of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New chief executive Kelly Ortberg told staff in a memo on Friday that the job cuts [...]
Boeing strike set to drag on after talks with union collapse October 9, 2024 Boeing said it had removed an offer which would have increased pay for its rank-and-file machinists by nearly a third over the next three years.
Boeing deliveries fall as strikes impact output October 8, 2024 Boeing said on Tuesday it had delivered 33 planes in September, down from 40 in August, as it grapples with the impact of ongoing strikes.
Senior shares tumble as lower Boeing and Airbus output triggers profit warning October 8, 2024 Shares in FTSE 250 aerospace parts supplier Senior tumbled on Tuesday after the firm warned on earnings and revealed cost-cutting measures in response to lower output at Boeing and Airbus.
Boeing: Wage talks break off without progress to end strike September 28, 2024 IAM said that its pay deal talks with Boeing had broken off and that there were no further dates scheduled for negotiations at this time.