HeraldNet - Snohomish County's online news source
Heraldnet.com
WEDNESDAY, NOVEMBER 25, 2009 9:06 pm
LocalNorthwestNation & WorldPoliticsSpecial ReportsPhotosColumnistsMultimedia 
RECENT POSTS:
• Air Force steps up pace on tanker Q&A  November 25

• Pan Am 747 honored in man's garage  November 25

• State gives $250k to SnoCo. aerospace center  November 24

• Northrop: Boeing's 767 ‘no longer commercially viable'  November 24

• US Airways pushes out Airbus deliveries  November 24
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:
• Biz week  November 22
• Boeing begins work on new 787 plant   November 21
• First 747-8 Freighter sports new paint job  November 19
• Northwest Briefly: Win trips during campaign to boost state’s tourism  November 19
• Kent police investigating Boeing plant death  November 18
• Ice, likely from airliner, crashes into home  November 18
• Boeing sued over 787 delays  November 18
• Boeing takes orders at Dubai show for 11 737s  November 18
• Boeing courts the Middle East  November 17
• Boeing readies another 787 for tests  November 17
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

Holiday Getaway
$99 dbl Occupancy
Manresa Castle

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

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

15% Off
All Repairs!
AAMCO Trasmissions

Nutcracker
Family Packs Available
Pacific Northwest Ballet

Holiday Specials
up to 25% off!
Wild Birds Unlimited

25% off Bath & Groom
New Customers
Smokey Point Grooming

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

Over 1 Million Lights
Lights of Christmas
Warm Beach Camp

Buy 1 Dinner Entree
Get 2nd 50% Off
Changs Mongolian Grill

$5 Off
Stylecut
Third Dimension Salon

$5 OFF
Lunch or Dinner
Lanna Thai Restaurant

$2 OFF
at Box Office
Everett Silvertips

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

Buy 1 Get 1 FREE
Lube Oil Filter
American Car Care Center

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

75% OFF
Many Items. Hurry!
Eagle Furniture

Always Free
Transmission Diagnostic
Danas Transmission
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.