Word: 737s
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...able to fix it?" someone asks. My head snaps to the right. A man in a fur hat and red ski parka pauses before answering. That's it, I think. There's some mechanical problem with the plane. My mind races ahead, spinning out of control. I hate 737s. They have bad rudders, right? Maybe there's another flight home. Or even better, I could take the train...
...more than a grown man's toy. For every stumble that giant Northwest has made at its fortress hub at Detroit's Metropolitan Airport, two-year-old Pro Air has been there waiting to gobble up another dissatisfied customer. This year Pro Air, which now has four 737s, could quadruple its revenue passenger-miles, the industry's standard volume measure, to 600 million miles, from 150 million in 1998. On a recent morning, Stamper gushed like a new father as he watched dozens of passengers milling about Pro Air's hub, the motley but closer-to-downtown Detroit City Airport...
...value of Boeing shares 26% over the past year. But the company claims to be in a turnaround. Top executives say Boeing delivered 61 commercial jets last month, a record for June, and has finally broken through bottlenecks that delayed production of its so-called Next-Generation 737s, the fastest-selling new jets in aviation history. That news caused Boeing stock to climb $3.875 a share, to $48.437, last week, still well off its 12-month high of $60.50 a year ago. "We're getting into a normal production situation," says Ron Woodard, president of Boeing's commercial-airplane group...
Well, not entirely. While Boeing managers crowed about the production results last week, mechanics were rushing to complete 13 behind-schedule NG 737s parked outside the company's overstrained plant in Renton, Wash. Inside the cavernous building, workers struggled to avoid further delays even as Boeing was planning to speed up the NG 737 line from 14 planes a month to 21 to further clear the backlog. Says Boeing chairman Phil Condit: "We've still got some things to do." Like making money on the hot-selling 737s. Boeing has already written off $437 million after taxes against the first...
...month last October to clear up the snarl. The time-out eased congestion at the huge 747 factory in nearby Everett, Wash., which had raised its production from 3.5 planes a month to 4. But executives have been holding their breath as Renton strained to produce even 14 NG 737s a month before ratcheting up to 21 this fall...