March 2006
Boeing Sees the Light;
Is it the end of the tunnel or a landing A340?
This last decade of the 20th century was demoralizing for Boeing, the world’s leading manufacturer of mainline commercial aircraft. Beginning in 2000, when its only major aircraft competitor, Airbus S.A.S, received more orders and then followed with delivering more planes in 2003, Boeing additionally has had to deal with the impact of rising fuel costs, multiple CEOs dismissed for unethical behavior, World Trade Organization lawsuits, and the negative effect September 11th had on air travel.
Nevertheless, 1Q06 results for Boeing portray a company with a substantial increase in profits and an increase in order backlog of 42% to a record $213bnn. Boeing further regained its world dominance in 2005 by reversing the trend of the past 5 years and outselling Airbus, when measured by the value of new aircraft orders. Deliveries are up by 40%, operating earnings increased by 81%, and their operating......
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