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Boeing And Airbus Post Huge Profits

MrComet From Ireland, joined Mar 2005, 497 posts, RR: 8
Posted (7 years 4 weeks 1 day 13 hours ago) and read 2441 times:

"Boeing Co. reported a better-than-expected 29 percent jump in first-quarter profits Wednesday, benefiting from continuing momentum in its commercial airplane business that produced a surge in deliveries."

http://biz.yahoo.com/ap/060426/earns_boeing.html?.v=4

With Airbus doing the same, it looks like neither one of them are killing themselves over the discounting of airliners. Sounds like there is more room for more discounts.

The dude abides

11 replies: All unread, jump to last

Scbriml From United Kingdom, joined Jul 2003, 11363 posts, RR: 50
Reply 1, posted (7 years 4 weeks 1 day 12 hours ago) and read 2406 times:

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Those headline numbers are for Boeing as a whole. The BCA numbers are further down in the report.

Four more years!

Astuteman From United Kingdom, joined Jan 2005, 9139 posts, RR: 96
Reply 2, posted (7 years 4 weeks 1 day 12 hours ago) and read 2388 times:

Quoting Scbriml (Reply 1):

BCA numbers are impressive, though. 10% operating margin for the first time in years, and $700m operating profit.

Be interesting to see Airbus Q1 figures.
A

Scbriml From United Kingdom, joined Jul 2003, 11363 posts, RR: 50
Reply 3, posted (7 years 4 weeks 1 day 12 hours ago) and read 2369 times:

Quoting Astuteman (Reply 2):
BCA numbers are impressive, though.

They certainly are, and I wasn't being negative, just pointing out that the numbers in the thread starter were not just BCA.

Four more years!

MrComet From Ireland, joined Mar 2005, 497 posts, RR: 8
Reply 4, posted (7 years 4 weeks 1 day 10 hours ago) and read 2253 times:

I would say 10% profit in almost any business is VERY good. I think a profit margin of 1% keeps a lot of retailers in good business. High tech businesses might make 30% but 10% for last quarter selling mostly 777s and 737s is very good in this market.

The dude abides

AirFrnt From United States of America, joined Jul 2004, 2775 posts, RR: 43
Reply 5, posted (7 years 4 weeks 1 day 9 hours ago) and read 2178 times:

Quoting MrComet (Thread starter):
"Boeing Co. reported a better-than-expected 29 percent jump in first-quarter profits Wednesday, benefiting from continuing momentum in its commercial airplane business that produced a surge in deliveries."

It sounds like Boeing's upkick in deliveries and proudction rate for the 777 is really starting to pay off.

MrComet From Ireland, joined Mar 2005, 497 posts, RR: 8
Reply 6, posted (7 years 4 weeks 1 day 6 hours ago) and read 2082 times:

Since most of the deliveries in the quarter were 737s and 777s, the 10% margin came mostly from these airplanes because the majority of the money comes on delivery. They probably make 30% margin or more on all their other add-on products but since airplanes make up the majority dollar wise of their sales, that leads me to conclude they are getting very nice margins on these planes .... maybe 6-9% on average.

The dude abides

DeltaGator From United States of America, joined Sep 2005, 6341 posts, RR: 16
Reply 7, posted (7 years 4 weeks 1 day 6 hours ago) and read 2066 times:

Where is the outrage over this blatant price fixing and gouging by the two companies? I demand a Congressional inquiry and a windfall tax imposed upon the companies immediately. They are clearly making these profits on the backs of the consumer who fly their planes. biggrin

"If you can't delight in the misery of others then you don't deserve to be a college football fan."

AviationAddict From United States of America, joined Feb 2006, 540 posts, RR: 0
Reply 8, posted (7 years 4 weeks 1 day 6 hours ago) and read 2066 times:

Quoting DeltaGator (Reply 7):
here is the outrage over this blatant price fixing and gouging by the two companies? I demand a Congressional inquiry and a windfall tax imposed upon the companies immediately. They are clearly making these profits on the backs of the consumer who fly their planes. biggrin

Oh my goodness! Someone obviously just spent $100 to fill up his H2 at the local Exxon! Big grin

DeltaGator From United States of America, joined Sep 2005, 6341 posts, RR: 16
Reply 9, posted (7 years 4 weeks 1 day 6 hours ago) and read 2027 times:

Quoting AviationAddict (Reply 8):
Oh my goodness! Someone obviously just spent $100 to fill up his H2 at the local Exxon!

Nah, just $42 to fill up my Honda Accord. It just cracks me up that so many people don't understand the whole oil picture and the simple concept of profit margins. With oil companies it is bad but plane manufacturers are ok.

Congrats to both of them by the way. There's room for both to make planes and money despite the raging debates of A vs. B that always happen on here.

[Edited 2006-04-26 21:52:00]

"If you can't delight in the misery of others then you don't deserve to be a college football fan."

N328KF From United States of America, joined exactly 9 years ago today! , 6222 posts, RR: 3
Reply 10, posted (7 years 4 weeks 1 day 5 hours ago) and read 1970 times:

Quoting DeltaGator (Reply 9):
Congrats to both of them by the way. There's room for both to make planes and money despite the raging debates of A vs. B that always happen on here.

Well, Boeing and Airbus can only charge so much because once profit levels reach a certain point, someone else will decide that the return will make up for substantial investment costs.

When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' T.Roosevelt

AviationAddict From United States of America, joined Feb 2006, 540 posts, RR: 0
Reply 11, posted (7 years 4 weeks 22 hours ago) and read 1821 times:

Quoting DeltaGator (Reply 9):
Nah, just $42 to fill up my Honda Accord

I hear ya on that one!

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