Boeing lost more aircraft orders than it gained during the first three months of this year as struggling airlines cut spending.
The American aerospace group said that it had booked orders for 28 new aircraft but lost 32. Profits in the first quarter of this year halved to $610 million (£420 million).
Since the end of last month Boeing's order book has moved back into the positive after Gulf Air confirmed an order for an extra eight 787 Dreamliners, worth about $2 billion at list prices.
Airbus, the European aircraft manufacturer, sold 22 aircraft in the first quarter but lost orders for 14.
Boeing and Airbus lose orders as airlines cut back - Times Online
Comment: Taste of fear
There is no magic formula for getting through this crisis except the tedious but essential attention to detail at every level. As one chief executive observes: "Managing in a downturn is a completely different skill." The to-do list in the past year or so, for virtually all types of carrier, has run down cost cuts, pay freezes, job cuts and capacity reduction. Apart from the first line of the list, this is not natural territory for low-cost carrier managers.
Comment: Taste of fear
Interesting stuff
