Business

Boeing reports surprise profit and says it will cut fewer jobs

Boeing landed its first quarterly profit since 2019 on higher defense earnings and a recovering commercial aviation market that will enable the company to cut fewer jobs than initially planned, according to results released ...

Business

Boeing to reduce 787 production after identifying new jet issue

Boeing is cutting production on the 787 Dreamliner after identifying a new problem with the plane, the company announced Tuesday in the latest in a series of setbacks as the aviation giant struggles to fully recover from ...

Business

Brazil's Embraer reports $315 mln in losses

Brazilian aircraft manufacturer Embraer reported second quarter losses of $315 million Wednesday, as sales plunged due to the coronavirus pandemic and a proposed joint venture with Boeing collapsed.

Business

Delta sees 90% drop in Q2 revenues due to virus

Delta Air Lines said Friday it was will reduce hours for some employees as it projected a stunning 90 percent drop in second-quarter revenue due to the coronavirus outbreak.

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