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Boeing: Profits 1st, Safety 2nd? (Part 3)
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Gary Charpentier Send message Joined: 25 Dec 00 Posts: 31015 Credit: 53,134,872 RAC: 32 |
Meanwhile, will any of the previous and existing 'leadership' pick up their responsibilities and be brought to book and imprisoned for their actions or lack of care and lack of concern for life?... Are you daft? They raked in the money for Wall Street, legally that is their only concern. |
Scrooge McDuck Send message Joined: 26 Nov 99 Posts: 1198 Credit: 1,674,173 RAC: 54 |
Someone should explain to Wall Street that Boeing could sell a lot more airplanes and make a lot more profit if they hadn't screwed up their manufacturing process. Are shareholders daft?Meanwhile, will any of the previous and existing 'leadership' pick up their responsibilities and be brought to book and imprisoned for their actions or lack of care and lack of concern for life?...Are you daft? They raked in the money for Wall Street, legally that is their only concern. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 31015 Credit: 53,134,872 RAC: 32 |
Selling airplanes isn't the only thing they do. https://s2.q4cdn.com/661678649/files/doc_financials/2023/ar/Boeing-2023-Annual-Report.pdf Page 24, more of their revenue comes from anything but commercial airplanes.Someone should explain to Wall Street that Boeing could sell a lot more airplanes and make a lot more profit if they hadn't screwed up their manufacturing process. Are shareholders daft?Meanwhile, will any of the previous and existing 'leadership' pick up their responsibilities and be brought to book and imprisoned for their actions or lack of care and lack of concern for life?...Are you daft? They raked in the money for Wall Street, legally that is their only concern. |
Scrooge McDuck Send message Joined: 26 Nov 99 Posts: 1198 Credit: 1,674,173 RAC: 54 |
I'm not a business economist. But I assume 'revenues' aren't profits. When looking for 'profits' I only found:Selling airplanes isn't the only thing they do. https://s2.q4cdn.com/661678649/files/doc_financials/2023/ar/Boeing-2023-Annual-Report.pdf Page 24, more of their revenue comes from anything but commercial airplanes.Someone should explain to Wall Street that Boeing could sell a lot more airplanes and make a lot more profit if they hadn't screwed up their manufacturing process. Are shareholders daft?Meanwhile, will any of the previous and existing 'leadership' pick up their responsibilities and be brought to book and imprisoned for their actions or lack of care and lack of concern for life?...Are you daft? They raked in the money for Wall Street, legally that is their only concern. "Net loss attributable to Boeing Shareholders": ($2,222) [Dollars in millions] Second largest revenues from Defense & Space... Their best selling military plane supposedly is the P8, a 737 NG variant. Reports regarding the KC46 (a 767 variant) indicate these manufacturing line suffers from the same quality deviations as 737 MAX. Profits? 'Defense & Space' also results in more than a billion dollars of losses. It's only 'Global services' which is profitable; presumably maintenance, parts, repairs. But losses from commercial and military divisions still exceed these profits by more than a billion dollars... At least situation seems to have improved in 2023 compared to previous years. It seems shareholders will loose money as long as manifacturing struggle to deliver quality planes in quantities. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 31015 Credit: 53,134,872 RAC: 32 |
I'm not a business economist. But I assume 'revenues' aren't profits.High costs - labor - is what they will cut, because that is what every company cuts when faced with losses. It is always the single largest non-fixed cost. They offer their best and thus their highest paid generous severance because after all, there is no difference in human production units. It's only 'Global services' which is profitable; presumably maintenance, parts, repairs.Software and publications. This is ubiquitous monopoly products in essentially all aircraft from Airbus all the way down to kit built. And they are subscription products, with a 28 day lifecycle. It may also include full motion simulators. As to parts, you have forgotten the previous CEO declared they don't build, they assemble. Sold off their parts divisions as parts. Suddenly they need to buy back the parts business. As to maintenance all the airlines have their own maintenance facilities, except the micro who then subcontract the majors or independents for service. Now Renton may refit cabins when seating layouts are changed because that is more major that the airlines want to do in their service facilities, but there are specialist companies to do that infotainment stuff. |
ML1 Send message Joined: 25 Nov 01 Posts: 21253 Credit: 7,508,002 RAC: 20 |
Yet more Boeing shoddy sloppy uselessness? Virgin Galactic countersues Boeing... ... “The quality of the IBR Boeing conducted was so poor that Virgin Galactic and Boeing agreed that Boeing was required to redo the review,” the complaint states. The second IBR was even worse, Virgin said, providing less than half of the required deliverables... ... And what else? Another "Starliner"...? Have Boeing enjoyed ANY successful projects in the last decade??? Fly safe??? Martin See new freedom: Mageia Linux Take a look for yourself: Linux Format The Future is what We all make IT (GPLv3) |
W-K 666 Send message Joined: 18 May 99 Posts: 19407 Credit: 40,757,560 RAC: 67 |
Not unexpected I would say. Boeing reports first revenue drop in 7 quarters as deliveries decline April 24 (Reuters) - Boeing (BA.N), opens new tab on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a cabin door prompted it to slow production of its strongest-selling jets. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 31015 Credit: 53,134,872 RAC: 32 |
Software leads to two two Boeing jet tail strikes. Fly by computer systems are the panacea. |
Scrooge McDuck Send message Joined: 26 Nov 99 Posts: 1198 Credit: 1,674,173 RAC: 54 |
Woah.. a really dangerous software issue. But it's outside Boeing's responsibility. |
Richard Haselgrove Send message Joined: 4 Jul 99 Posts: 14679 Credit: 200,643,578 RAC: 874 |
Boeing does have responsibility to ensure contracts with sub-contractors are watertight and monitored, and that any non-compliance (especially causing a safety risk) will result in significant consequences for the failing party. And if American law doesn't recognise that duty, then it needs changing: it bloody well should. |
rob smith Send message Joined: 7 Mar 03 Posts: 22540 Credit: 416,307,556 RAC: 380 |
Given recent third-party QA audits of Boeing I have my doubts that they do control their suppliers in an adequate manner. Or..... "Software - Isn't that the same as toilet paper or silk underwear? Bob Smith Member of Seti PIPPS (Pluto is a Planet Protest Society) Somewhere in the (un)known Universe? |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 31015 Credit: 53,134,872 RAC: 32 |
Woah.. a really dangerous software issue. But it's outside Boeing's responsibility. Yes, there doesn't seem to be any relationship between them https://www.dynamicsource.se/ |
ML1 Send message Joined: 25 Nov 01 Posts: 21253 Credit: 7,508,002 RAC: 20 |
What of Boeing's Flight Management Computer? ... And of the final load check from the load sensors on the landing gear to check the total mass?... Procedures?... Fly safe?? Martin See new freedom: Mageia Linux Take a look for yourself: Linux Format The Future is what We all make IT (GPLv3) |
Scrooge McDuck Send message Joined: 26 Nov 99 Posts: 1198 Credit: 1,674,173 RAC: 54 |
Tail strikes only happened to two Hawaii flights. Long flights, full fuel load, lots of baggage. Some kind of external flight planning software to speed up and automate flight preparation, collecting weight and balance data, independent of Boeing. |
Wiggo Send message Joined: 24 Jan 00 Posts: 36868 Credit: 261,360,520 RAC: 489 |
But was it Boeing's fault or just another airline's maintenance problem? Missing emergency slide that fell off Delta flight found in front of house of lawyer whose firm is suing Boeing. An emergency slide fell off a Delta plane while it was in the air on Friday morning, forcing forcing the Los Angeles-bound flight to return to New York’s JFK Airport. |
rob smith Send message Joined: 7 Mar 03 Posts: 22540 Credit: 416,307,556 RAC: 380 |
This one is very much down to maintenance as the Boeing 767 has been out of production for a good few years. Bob Smith Member of Seti PIPPS (Pluto is a Planet Protest Society) Somewhere in the (un)known Universe? |
Wiggo Send message Joined: 24 Jan 00 Posts: 36868 Credit: 261,360,520 RAC: 489 |
Is it just bad luck being a whistleblower? Months after a whistleblower died who raised concerns about the US jet maker another whistleblower has perished after a mystery illness. A Boeing whistleblower who raised concerns about one of the carrier’s suppliers ignoring production defects died suddenly on Tuesday (US time) — just two months after another employee who sounded the alarm about the embattled company died by alleged suicide. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 31015 Credit: 53,134,872 RAC: 32 |
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ML1 Send message Joined: 25 Nov 01 Posts: 21253 Credit: 7,508,002 RAC: 20 |
All very sad... And suspiciously so... Maximus picks up the story with more of the background of the guy: Act Of God Or Act Of Vengeance? 2nd Boeing WhistleBlower Dies SUDDENLY. How DID This Happen Again? Judge for yourselves... Whether 'random' chance, mafia hit, or an abused Judicial system gone rogue? Or?? Fly safe?... Martin See new freedom: Mageia Linux Take a look for yourself: Linux Format The Future is what We all make IT (GPLv3) |
Wiggo Send message Joined: 24 Jan 00 Posts: 36868 Credit: 261,360,520 RAC: 489 |
Boeing's problems are causing a ripple effect through the industry as calls for a course correction at the company increase. Southwest Airlines Problems Paint Worrying Picture for Other Companies. Southwest, one of the country's best-known airlines, is dealing with myriad problems as major aircraft manufacturer Boeing continues to face the music over numerous safety incidents on its planes. |
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