Airbus seems to have avoided little mistakes like hiding significant changes in flight-control software & systems from both regulators and the pilots who fly their aircraft to save money - forgetting to bolt door plugs to the airframe due to a complete disregarding of basic accountability procedures on the assembly floor - etc.Interesting to compare Boeing and Airbus assets and liabilities for 2023. Airbus is managing to pay-off debt and yet increase cash on hand, the opposite of Boeing.
Cash on hand:
Boeing $12bn, 8% down
Airbus $22bn, 1% up
Long-term debt:
Boeing $54bn, 12% up
Airbus $18bn, 16% down
Total liabilities:
Boeing $160bn, 7% up
Airbus $109bn, 1% up
From the department of “it’s easy to have good financials when you’re not lighting sticks of dynamite and then sticking them in your pockets.”Airbus seems to have avoided little mistakes like hiding significant changes in flight-control software & systems from both regulators and the pilots who fly their aircraft to save money - forgetting to bolt door plugs to the airframe due to a complete disregarding of basic accountability procedures on the assembly floor - etc.
Interesting to compare Boeing and Airbus assets and liabilities for 2023. Airbus is managing to pay-off debt and yet increase cash on hand, the opposite of Boeing.
Cash on hand:
Boeing $12bn, 8% down
Airbus $22bn, 1% up
Long-term debt:
Boeing $54bn, 12% up
Airbus $18bn, 16% down
Total liabilities:
Boeing $160bn, 7% up
Airbus $109bn, 1% up
Boeing still can't get it right, their HR department meant 17,000 celery jobs in food service and for stalking.Wonder how long the strike will last? No doubt it will hurt Boeing financially, to then cut 17,000 jobs will add fuel to the fire.
If you want Boeing to be able to compete with Airbus, it needs to be the size it is. Air transport purchases are historically cyclical, which means you need to have a significant defence sector to cover the times that the airliner business is in the doldrums.We need to break up the big primes so that bankruptcy will not have an unrecoverable impact on national security. If Boeing has to be kept alive and bailed out, which is probably the case, then they either shouldn't be a private company or should be split up into smaller corporations that individually can survive and be replaceable.