Boeing is considering a sale of its space unit, among other assets. The news comes as its bottom line grows more tenuous.
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Frontier Airlines and Spirit Airlines have renewed their yearslong on-again, off-again merger flirtation. Perhaps this time’s the charm.
Boeing announced 17,000 layoffs, a delay to the launch of its 777X passenger jet, and billions in charges related to ongoing strikes.
Hydrogen faces a number of hurdles before it can be considered a suitable alternative to jet fuel – namely, cost.
Boeing is considering an emergency move: selling $10 billion in new stock to score some quick cash amid a union strike.
United Airlines announced that it’s struck a deal with SpaceX’s satellite internet service, Starlink, to beam Wi-Fi into its planes.
Elliott Management ousted much of the board at Southwest Airlines, with Gary Kelly announcing his retirement amid broader board turnover.
Airbus hasn’t been able to capitalize much on Boeing’s misfortunes thanks to its own workforce and supply chain issues.
Robert “Kelly” Ortberg, an industry veteran, will take over as Boeing’s CEO on Aug. 8, inheriting its financial woes.
Ryanair said it had seen its profits take a 46% nosedive, and would have to offer “materially lower” airfares for the busy summer period.
Novo Nordisk on Wednesday announced an expanded deal with healthtech firm Valo Health to use AI to fuel drug discovery.
A spill of new data Wednesday sent oil futures slipping and sliding in opposite directions. So is Big Oil’s tank is half-full or half-empty?
On Tuesday, the overall yield on the US 10-Year Treasury Bond touched its highest intraday point, 4.699%, since last spring.