Boeing trims 777 production, cuts Q1 earnings

04/10/2009 | Wall Street Journal, The · USA Today

In response to an "unprecedented" drop in demand for air travel, Boeing said Thursday it will reduce production of its 777 model by 29% next year. The announcement marked a shift for Boeing, which, like rival Airbus, had been insisting it would stick with earlier production targets. Boeing Commercial Airplanes President Scott Carson noted in a news release that passenger and cargo carriers are experiencing "extremely difficult times." Boeing also said it was reducing first-quarter profit figures by 38 cents a share due to negative price escalation and other factors.

View Full Article in:

Wall Street Journal, The · USA Today

Published in Brief:

SmartBrief Job Listings for Transportation

Job Title Company Location
Manager of SMS (Stations)
Allegiant Travel Company
Las Vegas, NV
Engineer – Service Engineering , Engineering Support Center and Line Support
United Airlines
Chicago, IL
Revenue Analyst II or Sr
Alaska Airlines
Seattle, WA
General Manager Airport Services I
Spirit Airlines
Phoenix, AZ
Senior Director – Fleet Planning
Hawaiian Airlines
Honolulu, HI