HeraldNet - Snohomish County's online news source
Heraldnet.com
SATURDAY, NOVEMBER 14, 2009 3:32 pm
LocalNorthwestNation & WorldPoliticsSpecial ReportsPhotosColumnistsMultimedia 
RECENT POSTS:
• Lawsuit brewing over Boeing's 787  November 13

• Are airlines afraid of the number 13?  November 13

• New problem with 787?   November 13

• Boeing moves first 747-8 Freighter out of factory   November 12

• Boeing again says 787 to fly this year, notes progress  November 12
Archives:
LINKS:

Airbus
• Airbus
 • EADS
 • Orders and Deliveries
Analysts
• Richard Aboulafia
 • Scott Hamilton
Blogroll
• FleetBuzz
 • IAG Blog
 • Randy Tinseth's blog
Flight museum
• Future of Flight
 • Museum of Flight
Labor Group
• International Association of Machinists
 • Local 751 Machinists
 • SPEEA
Tanker competition
• Air Force
 • Boeing's KC-767 tanker
 • Boeing's tanker blog
 • Government Accountability Office
 • Northrop's America's New Tanker
• Northrop-EADS' KC-30
The Boeing Co.
• Boeing Commercial Airplanes
 • Employment
 • New Airplane
 • Orders and Deliveries
RELATED ARTICLES:
• Boeing says 787 fixes are done  November 13
• Economic forecast: Recovery will be slow  November 13
• Business Briefly: L.A. man gets prison for repackaging Boeing 737 plane parts  November 10
• Biz week  November 8
• Exhaust cone falls off Boeing 777 onto home’s lawn  November 6
• Diamond Knot brewery co-founder dead at 46  November 6
• Airbus launches first A330 freighter  November 6
• Business briefs: Kraft raises profit forecast for the year  November 4
• Obama gets pro-Boeing message  November 3
• South Carolina fit Boeing's long-term plan to cut costs  November 2
Interactive
Special report
 

ADVERTISEMENT
Aerospace Blog
July 24, 2008

 
 

Cocky or confident: How worried should Boeing be about its backlog?


Posted at 7:26 am by Michelle Dunlop

On Wednesday, Boeing Co. executives said they were confident about the aerospace giant’s future, despite the impact high fuel costs was having on its U.S.-based commercial jet customers.


Boeing’s chief executive Jim McNerney said the company had seen few deferrals and had no cancellations. And Boeing reaffirmed its financial outlook, despite weaker results in the second quarter compared to the previous year.


McNerney’s comments come a week after Boeing’s Scott Carson told analysts and media at the Farnborough Air Show that he doesn’t anticipate the level of cancellations – up to 30 percent of orders – discussed by Boeing’s rival Airbus.


Wall Street, in general, hasn’t been as rosy in take on the commercial jet market as has Boeing, according to this Bloomberg piece.


Macquarie Research Equities analyst Rob Stallard thought Boeing’s Carson was overstating Boeing’s backlog. “Boeing seems completely cocky about how their situation is,” Stallard said.

In this Bloomberg clip, Wolfgang Demisch, a partner at Demisch Associates, talks about concerns over Boeing’s commercial jet order backlog.

At the end of June, Boeing had a backlog of 3,661 unfilled orders worth $275 billion.
READER COMMENTS
Be the first to comment.
You must be a registered user and verify your e-mail address to post comments to blogs or articles on HeraldNet.

To register, click here. To read other terms and conditions, click here.
Log in or register to post new comment | Log out
  Return to Aerospace Blog
View All Coupons

Lube, Oil & Filter
Buy 1 - Get 1 FREE
American Car Care Center

15% Off Your
First Time Purchase
Wine Styles

Pacific Northwest
Fresh Cuisine
BlackFish Restaurant

Free Garlic Bread/Free Soda
Click here for details!
Major League Pizza

All you can Eat Buffets
Angel of the Winds
Watershed Restaurant

QuadraFire Save $250
Free Smart-Stat
Home Town Heating

$1 off French Dip
$4.99 Burger Basket
50th Street Burger

Great Food
24 Hours a Day
Cedars Cafe

Family Night Free Sundae
$9.99 Prime Rib
Chopstix - Everett

Island Flavors with
Finest NW Ingredients
Tulalip Bay Fine Dining

20% Off Dinner
Up to $75 Value!
Sockeye's Restaurant

FREE 6 lb. Pad w/
30yd Carpet Purchase
Completely Floored

$5 Off
Stylecut
Third Dimension Salon

Oil - Snohomish County
Low Prices - Fill Now!
American Distributing

FREE Appetizer with any
purchase daily 2-6pm
Shawn O'Donnell's

FREE Appetizer w/
purchase of 2 entrees
Wild Vine Bistro

25% off Bath & Groom
New Customers
Smokey Point Grooming

Buffet Dining
Tulalip Resort
Eagles Buffet

Come and Relax
Monthly Specials
T-Spa at Tulalip Resort Casino

$5 OFF
Lunch or Dinner
Lanna Thai Restaurant

50% off 2nd Pizza
Special Click Here!
Luca's Italian Restaurant

20% off Click Here*
Buy 1 Offer Click Here*
Bajio Mexican Grill

Free Dessert!
Click here!
Bistro San Martin

$2 OFF
at Box Office
Everett Silvertips
TODAY'S TOP JOBS
 View All Top Jobs 
Top Cars
>> view all top cars
>> view all cars
Top Homes
>> view all top homes
>> view all homes

ADVERTISEMENT
|Contact Us |Advertiser Services |Home Delivery |Newsstand Locations |Classifieds |Feedback |About the Company |Work@the Herald |Site Map
© 2009 The Daily Herald Co., Everett, WA.