flyingbronco05
Posts: 3484
Joined: Fri May 10, 2002 11:43 am

Boeing Cuts 8 Widebody Jets From 2003 Production

Thu May 23, 2002 1:19 am

"Boeing Co. cut eight widebody jets from its production forecast for 2003 but still expects to deliver between 275 and 300 airplanes next year on higher demand for single-aisle planes in the wake of the Sept. 11 attacks, Alan Mulally, Boeing's Commercial Airplanes' chief executive, said on Wednesday."

http://biz.yahoo.com/rc/020522/transport_boeing_jets_2.html

Why would they cut 8 widebodies? The only widebody's they have are the 47, 67, and 77. Which of those did they cut out of production forecast?
Never Trust Your Fuel Gauge
 
BlatantEcho
Posts: 1828
Joined: Wed Sep 27, 2000 10:11 am

RE: Boeing Cuts 8 Widebody Jets From 2003 Production

Thu May 23, 2002 1:38 am

hum, that is rather ambiguous, does he mean 8 widebodies a month? 8 total accross the board?

Not very clear, though 8 total frames less for 2003 wouldn't be worth reporting I don't think.
They're not handing trophies out today
 
wingman
Posts: 2973
Joined: Thu May 27, 1999 4:25 am

RE: Boeing Cuts 8 Widebody Jets From 2003 Production

Thu May 23, 2002 2:26 am

Sure it's worth reporting. It means $1.2-1.6B less in gross revenue.
 
BlatantEcho
Posts: 1828
Joined: Wed Sep 27, 2000 10:11 am

Wingman

Thu May 23, 2002 6:05 am

How does that work? No orders were cancelled. The only loss might be somehow in the economics of scale not putting out as many planes in a given timeframe with the current infrastructure. Otherwise, there is no reason why slowing production in the face of sluggish demand will effect gross revenue in any manner.

Still unclear what this PR was getting at, any follow up?
They're not handing trophies out today
 
hkgspotter1
Posts: 5750
Joined: Fri Nov 04, 2005 12:43 pm

RE: Boeing Cuts 8 Widebody Jets From 2003 Production

Thu May 23, 2002 9:43 am

Its because they are getting less and less orders. How can any company keep producing a product if they are not being sold. Very simple.
 
jwenting
Posts: 9973
Joined: Mon Apr 23, 2001 10:12 pm

RE: Boeing Cuts 8 Widebody Jets From 2003 Production

Thu May 23, 2002 4:46 pm

Most likely some aircraft were pushed back a year for delivery by the airlines ordering them because of temporary financial problems brought on by the general economic slowdown brought on by CNN calling a recession (9/11 might have speeded up this slowdown, but did NOT cause it).
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