On Wednesday, July 28, aircraft manufacturer Boeing held its second quarter earnings call for 2021, posting its first profit in nearly two years. This comes at a time when the industry recovery trend continues to accelerate forward following less travel restrictions, leading to more servable routes. Boeing’s $567 million profit comes as a surprise to analysts, but can be attributed to the company's growth from previous years in all segments; Commercial, Defense, Space & Security and Global Services. The success…
Bombardier continued its quest for stabilization following a difficult 2020, announcing numerous changes across the company as it seeks to achieve profitability. The most recent casualty will be the Wichita-based Learjet, which will cease production in the fourth quarter of 2021. Asset Disposals Generated Much-Needed Cash Bombardier’s recent asset disposals…
On Oct. 22 Southwest Airlines announced the company’s third-quarter financial results. As expected the airline posted a large loss and continues a high level of daily cash burn as the industry continues to navigate the effects of the Covid-19 pandemic. The airline also announced a change to the passenger experience…
