Boeing lost $2.4 billion in the second quarter and the company will slow production and cut more jobs as demand for commercial aircraft shrinks during the coronavirus pandemic. “You want to store those aircraft that you think are going to go first in close proximity to the delivery centers.”See the buildup at Moses Lake in a series of time-lapse photos from Planet Labs, a San Francisco-based company with a network of about 140 small satellites that take over a million images of the Earth a day:At Boeing’s test facility at Moses Lake near Seattle, there were 40 737 MAX aircraft as of Tuesday, the images show. Boeing recorded 59 orders, but also 382 cancellations, mostly for the troubled Max. The stock has declined 50% in the last 12 months.The airplane builder posted revenue of $11.81 billion in the period, also missing Street forecasts. Boeing has continued to churn out 737s, though it dropped production to 42 a month in April from 52.Plane spotters have seen another 29 parked elsewhere at the facility, according to Merluzeau, which he says likely puts it close to maximum capacity.Boeing has seven completed 737 MAX aircraft currently parked at the Renton factory and 22 at its sprawling factory complex in Everett, Washington, Merluzeau says.At part of Boeing’s San Antonio maintenance facility at the former Kelly Air Force Base, there were about 30 planes parked as of July 18.I help direct our coverage of autos, energy and manufacturing, and write about aerospace and defense. Smith said it expects to deliver most of them by late next year – potentially a desperately needed source of cash for the aircraft builder.The loss was far worse than Wall Street expected; so was the decline in revenue, which fell 25%.“My guess is we will be in this mode at least through the end of the year and partly into first quarter of next year,” he said.The company has been forced to lay off thousands of workers, cut spending and suspend its dividend and share buybacks. San Antonio, Texas, United States 07/16/2020 Save Job Remove from Saved Jobs; Project Management Specialist San Antonio, Texas, United States 07/15/2020 Save Job Remove from Saved Jobs; VC-25B Aircraft Mechanic Structures (Associate and Experienced) San Antonio, Texas, United States 06/11/2020 Save Job Remove from Saved Jobs The 168-acre site at Port San Antonio hosts one of the largest freestanding aircraft hangars in …
Boeing Co. Boeing predicts it will work on 23 Super Hornets in San Antonio, with about 400 to 500 total in the fleet.
The company will study whether to close one of its two factories that make the 787; one is near Seattle, the other in South Carolina.The second-quarter loss included write-downs for production slowdowns, severance payments and temporary closures because of virus outbreaks in Boeing factories. The San Antonio Express-News reports a Boeing spokesman declined to say how many of the jets are at the 168-acre (67.989-hectare) Port San Antonio site.
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