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Airbus first-quarter profit plunges as coronavirus crisis starts to bite
Airbus on Wednesday posted a 49% slump in first-quarter core profit and called for an industry-wide campaign to restore confidence in flying after the coronavirus pandemic triggered the "gravest crisis the aerospace industry has ever known"......»»
Airbus burns through $8.7 billion as aviation crisis deepens
Planemaking giant Airbus SE said it consumed 8 billion euros ($8.7 billion) in cash in the first quarter as Chief Executive Officer Guillaume Faury warned of the “gravest crisis the aerospace industry has ever known.â€.....»»
Airbus slashes jet output to tackle coronavirus crisis
Airbus announced plans on Wednesday to cut jetliner production across the board after the coronavirus epidemic triggered aviation's worst industrial crisis and drastically reduced deliveries to cash-starved airlines......»»
New Boeing chief executive takes over with 737 MAX crisis unresolved
Boeing Co's new Chief Executive David Calhoun assumes the job Monday as the U.S. planemaker battles to recover from two fatal crashes of 737 MAX planes that killed 346 people in five months and led to the model's worldwide grounding in March......»»
Boeing crisis deepens as 737 production stops for first time in two decades
Boeing Co bowed to a growing cash squeeze by suspending commercial 737 production from January for the first time in more than 20 years, as the grounding of the planemaker's best-selling MAX after two fatal crashes drags into 2020......»»
The Opioid Crisis
Two decades ago, a new generation of supposedly safer painkillers triggered an epidemic of opioid abuse in the U.S. Since then, opioid overdoses have killed well over 400,000 Americans — more deaths than the country’s military suffered in World.....»»
Boeing faces Wall Street in likely ‘lost year’ of financial fallout from 737 crisis
Strong sales of commercial jets and cash payouts to investors have made Boeing a Wall Street darling. Now the aerospace giant is preparing to deliver its worst financial results in nearly two years, a........»»
Boeing Severs Ties With Lobbying Firm Involved In 737 Max Crisis Management: Report (CORRECTED)
This move comes amid Boeing's efforts to revamp its leadership and lobbying strategies following the fatal crashes in 2018 and 2019. read more.....»»
Boeing Severes Ties With Lobbying Firm Involved In 737 Max Crisis Management: Report
This move comes amid Boeing's efforts to revamp its leadership and lobbying strategies following the fatal crashes in 2018 and 2019. read more.....»»
Cash payments spread from Congress to Stockton to Brazil — but notion of ‘universal basic income’ far from reality
The pandemic has taken the push for basic income national, making what has been a buzzy idea on the internet into real world programs. Will this idea outlast the economic crisis?.....»»
Cash payments spread from Congress to Stockton to Brazil -- but notion of "universal basic income’ far from reality
The pandemic has taken the push for basic income national, making what has been a buzzy idea on the internet into real world programs. Will this idea outlast the economic crisis?.....»»
How an old aerospace hand mentored a new one through crisis
There was no playbook for a rookie general manager of aerospace supplier Umbra Cuscinetti as he steered the company through the pandemic. So, he tapped former Boeing Commercial Airplanes boss Ray Conner for advice......»»
War On Cash: The Next Phase Begins
War On Cash: The Next Phase Begins Authored by James Rickards via The Daily Reckoning, With so much news about an economic reopening, a border crisis, massiv.....»»
Cash-Out Home Refinancings Hit Highest Level Since Global Financial Crisis
Cash-Out Home Refinancings Hit Highest Level Since Global Financial Crisis The rigging of interest rates by hapless central banks continues to do its job in distorting the market......»»
The pilot in Kobe Bryant"s fatal helicopter crash appeared to violate flight standards and likely became disoriented when he flew through the clouds, NTSB finds
Kobe Bryant, his daughter Gianna, and seven others were killed in the helicopter crash in California on January 26, 2020. Kobe Bryant and his daughter Gianna Bryant attend a basketball game between t.....»»
3 National Guard members were killed in the second deadly Black Hawk helicopter crash in less than a month
The latest tragic helicopter crash follows another fatal crash that killed three National Guard soldiers in New York two weeks ago. .....»»
Boeing to delay 777X again as it posts record annual loss
The coronavirus crisis has exacerbated a drop in demand for the industry's largest jetliners, with airline customers shunning deliveries of planes due to international travel restrictions, hurting cash flow at the U.S. planemaker......»»
Oil, gas companies sharply slowed search for new fossil fuel resources last year, report says
op oil and gas companies sharply slowed their search for new fossil fuel resources last year, data shows, as lower energy prices due to the coronavirus crisis triggered spending cuts......»»
Alaska Air Warns Of Increased Cash Burn In January
The jump in passenger traffic for U.S. airlines during the Thanksgiving and Christmas holidays was a mirage, not a sustainable source of revenue for overcoming the coronavirus crisis. read more.....»»
Boeing reaches turning point in 737 Max crisis with 16 deliveries in December
The deliveries are welcomed news not only for the Renton factory that produces the jets but also for hundreds of aerospace suppliers in the Puget Sound region that make parts for Boeing's once-bestselling aircraft......»»