Boeing Co won its first order for the grounded 737 MAX aircraft this year, after Poland's Enter Air SA agreed to buy up to four variants of the jet, the U.S. planemaker said on Wednesday.
Southwest Airlines said on Wednesday it expects cash burn in the third quarter to slow as bookings improve modestly for August and September, even as demand remains choppy due to the coronavirus crisis, forcing the carrier to cut back its flight schedule.
Boeing Co customers scrubbed more than 400 orders for the U.S. planemaker's grounded 737 MAX jets this year, while the company's overall aircraft deliveries slumped to only four in July, monthly numbers showed on Tuesday.
Aug 11 Boeing Co lost another 43 orders
for its grounded 737 MAX planes in July, bringing the total
cancellations for the jet this year to 398, while delivering
only four of its other aircraft to customers, monthly numbers
showed on Tuesday.
Aug 7 The coronavirus pandemic is spurring more
travelers to book vacation rentals as they seek safety, the
chief executive of online travel agency Booking Holdings
said on Friday.
Spirit AeroSystems on Tuesday reported a bigger-than-expected quarterly loss and pushed its target of becoming cash flow positive by another year, as top customers Boeing and Airbus slashed production due to a collapse in global travel. Spirit said it now expects to generate positive cash flow in 2022, instead of 2021, and its current-quarter results will be further hit due to fresh production cuts announced in July by Boeing Co and Airbus SE .
Boeing Co slashed production of its biggest twin-engined jets, delayed its new 777X by up to a year and began sunsetting the iconic 747 as it posted a bigger-than-expected quarterly loss dominated by the COVID pandemic on Wednesday. | Video
D.R. Horton on Tuesday reported a better-than-expected quarterly profit and forecast current quarter revenue above estimates, as record-low mortgage rates and a shift towards suburban living caused by the coronavirus crisis boosted sales.