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Boeing Narrows Q2 Losses As Deliveries Rise And Turnaround Plan Advances

ByAdmin

Boeing has reported a significant narrowing of its second quarter 2025 losses, driven by increased aircraft deliveries and progress on its recovery plan. The U.S. aerospace giant posted a net loss of $612 million, a marked improvement from the $1.1 billion loss recorded in the same quarter of 2024. The company’s revenues surged 35% to $22.7 billion, while operating losses were…

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South African Airways Submits Five-Year Turnaround Plan

ByAdmin

South African Airways (SAA) has presented a comprehensive five-year corporate turnaround plan to the South African government, aiming to stabilize and reposition the national carrier. The plan outlines a two-phase strategy that includes securing a US$120.8 million investment facility and attracting a strategic equity partner to ensure long-term viability.