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Boeing reports strong second-quarter results and raises 2013 EPS guidance

Boeing reported that second-quarter core earnings per share (non-GAAP) increased 13% to $1.67, driven by strong performance across the company’s businesses. Second-quarter core operating earnings (non-GAAP) also increased 13% to $2.0bn from the same period of the prior year. Second-quarter revenue was $21.8bn, GAAP earnings from operations was $1.7bn and earnings per share was $1.41. Core earnings per share guidance increased to between $6.20 and $6.40 and GAAP earnings per share guidance increased to between $5.10 and $5.30, reflecting the strong performance. The company also increased its revenue guidance to between $83 and $86bn on higher Defense, Space & Security revenues, and reaffirmed its 2013 operating cash flow outlook.

Thursday March 28, 2024
Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash © Civitanavi
Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi Systems S.p.A., for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing). The acquisition will further streng... Read More »
Thursday March 28, 2024
STS Aviation Group
STS Aviation Group has announced the expansion of STS Aviation Services UK, with the opening of two new line maintenance stations at East Midlands (EMA) and Norwich (NWI) airports in the United Kingdom, effective April 1, 2024. This strategic expansion is set... Read More »
Thursday March 28, 2024
© Lufthansa and the trade union Ver.di resolved the ongoing pay dispute
Following successful mediation, Lufthansa and the trade union Ver.di have reached an agreement on the main features of a collective labour agreement for approximately 25,000 Lufthansa employees, announced in Frankfurt. Details of the agreement to be disclosed ... Read More »
Wednesday March 27, 2024
Condor Boeing 757-300 aircraft © AirTeamImages
Crestone Air Partners, an aviation asset management platform supported by Air T, has successfully acquired eleven Boeing 757-300 aircraft. This milestone transaction not only signifies substantial growth for Crestone but also underscores its capability to exec... Read More »
Wednesday March 27, 2024
SAS
SAS AB has officially applied for company reorganisation (Sw. företagsrekonstruktion) in Sweden today, March 27, 2024. The commencement of this process is contingent upon approval from the Stockholm District Court. It’s important to note that this appli... Read More »
Wednesday March 27, 2024
© Brussels Airlines
Brussels Airlines has successfully concluded negotiations with cockpit unions regarding their reward package, with the agreement formally signed on March 24, 2024. The specifics of the agreement will be communicated to the cockpit community in the forthcoming ... Read More »
Wednesday March 27, 2024
IFS Cloud has been selected by Joby Aviation to shape the future of eVTOL aircraft
Joby Aviation, the manufacturer of eVTOL aircraft for commercial air taxi services, has selected the IFS Cloud for Aviation Maintenance solution for its pioneering eVTOL aircraft maintenance processes. Joby continues to lead the way on the development of eVTOL... Read More »
Wednesday March 27, 2024
Over two-million gallons of blended SAF will be supplied into the fuelling system at Schiphol Airport over the course of 2024 © Emirates
Emirates has commenced the activation of its fuel agreement with Neste this month at Amsterdam Schiphol Airport. Over two-million gallons of blended sustainable aviation fuel (SAF) will be supplied into the fuelling system at Schiphol Airport over the course o... Read More »
Wednesday March 27, 2024
the Ai Co-Validator promises to radically transform the way organisations process large volumes of incoming reports by leveraging artificial intelligence (AI)
ASQS, a provider of integrated aviation quality and safety management solutions has launched its latest feature – the iQSMS Ai Co-Validator. Developed in cooperation with Lufthansa Industry Solutions (LHIND), a renowned IT service provider specialising in di... Read More »
Tuesday March 26, 2024
Abelo has acquired four ATR 72-600s through SKY Leasing, currently on lease to IndiGo © ATR
Regional aircraft lessor Abelo has acquired four ATR 72-600 aircraft through SKY Leasing. This strategic transaction expands Abelo’s portfolio to a total of 57 owned and managed aircraft. All four aircraft are currently on lease to India’s low-cost carrier... Read More »
Tuesday March 26, 2024
© Shutterstock
AAR CORP. has reported third-quarter fiscal year 2024 consolidated sales of US$567.3 million and income from continuing operations of US$14.0 million. For the third quarter of the prior year, the company reported sales of US$521.1 million and income from conti... Read More »
Tuesday March 26, 2024
New bins will be available on 50 aircraft by the end of this year and can accommodate up to 29 more bags per flight, helping make room for everyone's carry-on © United Airlines
United Airlines (United) has released that it is installing new, larger overhead bins on its SkyWest operated Embraer E175 fleet that will provide more room for passengers’ roll aboard carry-on bags. These new bins will be available on 50 aircraft with a... Read More »
Tuesday March 26, 2024
C&L Aerospace has opened a new warehouse in Leipzig, Germany © Shutterstock
C&L Aerospace, a C&L Aviation Group company, has opened a 20,000-ft² parts warehouse in Leipzig, Germany. This location was carefully researched and chosen in order to provide the most convenient shipping hub for Europe and beyond. The company warehou... Read More »
Tuesday March 26, 2024
Pentagon 2000 Software
Pentagon 2000 Software, Inc. has successfully completed the SOC1 Audit and Certification process. This audit, conducted by third-party auditor Ernst & Young according to AICPA standards, is crucial for ensuring trust in financial reporting. The audit’... Read More »
Tuesday March 26, 2024
David McBride
David McBride has been appointed Chief Technology Officer (CTO) for Supernal LLC – Hyundai Motor Group’s Advanced Air Mobility (AAM) company. McBride will lead Supernal’s technology strategy and vehicle development, reporting to CEO, Jaiwon Shin. “Foll... Read More »
Monday March 25, 2024
Dave Calhoun
Boeing President and CEO, Dave Calhoun, has declared his intention to step down from his CEO position at the end of 2024. However, Calhoun will continue to guide Boeing through the remainder of the year to ensure the completion of crucial ongoing initiatives a... Read More »
Monday March 25, 2024
Airbus Defence and Space has signed an agreement to acquire INFODAS, German company that provides cybersecurity and IT solutions © Airbus
Airbus Defence and Space has announced plans to acquire INFODAS, a leading Cologne-based German firm specialising in cybersecurity and IT solutions for the public sector, including defence and critical infrastructures. The agreement, subject to regulatory appr... Read More »
Monday March 25, 2024
TrueNoord, has secured a new Term Loan with Deutsche Bank © TrueNoord
Specialist regional aircraft lessor, TrueNoord, has finalised a new Term Loan agreement with Deutsche Bank. The financing arrangement is aimed at bolstering TrueNoord’s ongoing business expansion initiatives and fleet enlargement, while also marking the ... Read More »
Monday March 25, 2024
Rex' Boeing 737NG full-flight simulator has been moved from Brisbane to Sidney © Rex
Rex has announced the certification of its Boeing 737NG full-flight simulator (FFS) by the Civil Aviation Safety Authority (CASA), marking its readiness for operational use. The Level D FFS is adaptable for both 737-700 and 737-800 variants and holds approval ... Read More »
Monday March 25, 2024
Boom Supersonic has announced the first flight of XB-1, the world’s inaugural independently crafted supersonic jet. The event unfolded at the Mojave Air & Space Port in Mojave, California, marking a significant leap forward in aviation technology. Li... Read More »

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