What does Boeing's future look like?

What does Boeing's future look like? LE BOURGET, France, June 18, 2023 /PRNewswire/ -- With a resurgence in international traffic and domestic air travel back to pre-pandemic levels, Boeing [NYSE: BA] today projected global demand for 42,595 new commercial jets by 2042, valued at $8 trillion.

Is Boeing doing well financially?

The company generated $2.6 billion of free cash flow in the second quarter, ahead of analyst forecasts, and reiterated its full-year guidance of between $3 billion and $5 billion of free cash flow. Boeing shares surged nearly 9% to end the day at $232.80, the stock's highest closing price since November 2021.

What plane is Boeing discontinuing?

Since its first commercial flight in 1970, Boeing 's 747 jumbo jet has flown more than 3.5 billion passengers. The double-decker plane made air travel way more affordable for millions of people around the globe.

Will Boeing ever build the 747 again?

No more 747s are being made, but Boeing notes that they're still taking flight. The 1970s version even inspired one man to build a ground-based replica. We are proud that this plane will continue to fly across the globe for years to come, Boeing's Smith said. Copyright 2023 NPR.

Why did Lockheed stop making airliners?

Lockheed needed to sell 500 airliners to break even, but in 1981, the company announced production would end with the delivery of the 250th and last L-1011 on order in 1984. The TriStar's failure to achieve profitability caused Lockheed to withdraw from the civilian aircraft business.

Is the 777X bigger than the 747?

According to Boeing's data, the 777-9 has a total length of 251 feet 9 inches (76.72 meters). The 747-8 is just a bit smaller at 250 feet 2 inches (76.3 meters). The 777-9 is the longest commercial aircraft ever built.

Is 747 outdated?

[the 747] has become something relatively obsolete,” says Sobie. For passenger flights, the plane is doubly obsolete. The 747, with its ability to seat more than 500 passengers at maximum capacity, doesn't reflect the current market for air travel.

What will replace the A380?

Currently, the world's biggest international airline has on order 50 A350-900s, 30 787-9s and 115 Boeing 777Xs. The airline operates 119 A380s, 123 Boeing 777-300ERs and 10 Boeing 777-200LRs. The 777X aircraft will replace the A380s, while the A350s and 787s will eventually replace the 777s.