Boeing (NYSE:BA) restarted test flights Thursday for its 777X widebody jet following a five-month delay, with the first flight since the company grounded the test fleet in August after discovering a problem with thrust links during maintenance checks.
Boeing delivered 348 aircraft last year — less than half Airbus managed and the lowest since the pandemic. The new CEO has a mountain to climb.
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SEATTLE (Reuters) - Boeing resumed testing for its long-delayed 777X widebody jet on Thursday, with the first flight since the U.S. planemaker grounded the test fleet in August due to the failure of a key engine mounting structure.
Boeing had a decent orderbook in December to cap a very bad year. But its deliveries for the month show it continues to struggle to rebound from the crippling strike earlier in the fall.
President-elect Donald Trump's nominee to head the U.S. Transportation Department said Boeing needs "tough love" to get back on track after a 2024 mid-air emergency and that electric vehicles should pay to use roads.
Boeing faced significant challenges in 2024, including supply chain issues and a strike, leading to a sharp decline in orders and deliveries. Learn more on BA stock here.
Deliveries of new Boeing jets bounced back in December after a crippling labor strike that slowed production last fall, but the company's annual deliveries dropped in 2024 to the lowest level since the COVID-19 pandemic.
Boeing must turn its fortunes around this year to avoid falling further behind Airbus, which plans a production increase as it fixes its supply chain.
Sean Duffy, during a confirmation hearing Wednesday, said he wants this to be his legacy if he is confirmed as Transportation Secretary: SEAN DUFFY: I appreciate the question, Senator. I would want to have a legacy of improving safety,
Boeing delivered less than half the number of commercial aircraft to customers than its European rival in 2024, The American aerospace giant reported on Tuesday that it supplied 348 jetliners during the year.
The T-7 program has been beset by design, testing and production issues that have caused its schedule to slip behind.