David Koenig

Business

Boeing Sees April Pass With Zero Airliner Orders

Boeing failed to receive any airliner orders in April, marking the second time that's happened this year. A security guard at a Boeing airplane manufacturing plant in Renton, Wash., looks out in view of a 737 Max plane on April 29. (Elaine Thompson/Associated Press)

Boeing Co. failed to sell a single commercial airplane and saw orders for 108 planes canceled in April as a sharp drop in air travel erased any demand among airlines for new jetliners.

David Koenig | Associated Press
May 12, 2020
Business, Equipment, Safety

Grounded Jet Sends Boeing to First Annual Loss in Two Decades

A Boeing 777X takes off on its first flight in Everett, Wash. A Boeing 777X takes off on its first flight in Everett, Wash., on Jan. 25. (Ted S. Warren/Associated Press)

Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion.

David Koenig | Associated Press
January 29, 2020
Business, Equipment, Safety

Boeing 737 Max Production Will Resume in the Spring, Says New CEO

In this January 2011 file photo, Nielsen Company CEO David Calhoun, center, watches progress as he waits for the company's IPO to begin trading, on the floor of the New York Stock Exchange. Calhoun is Boeing's new CEO. In this January 2011 file photo, Nielsen Company CEO David Calhoun, center, watches progress as he waits for the company's IPO to begin trading, on the floor of the New York Stock Exchange. Calhoun is Boeing's new CEO. (Richard Drew/Associated Press)

David Calhoun also said he believes passengers will fly on the Max when federal regulators say it is safe and they see airline pilots getting on the plane.

David Koenig | Associated Press
January 22, 2020
Business, Logistics

UPS to Hold Holiday Hiring Steady at About 100,000

UPS truck Patrick Semansky/Bloomberg News

UPS Inc. expects to hire about 100,000 seasonal workers and pay them more to handle the avalanche of packages shipped between Thanksgiving and Christmas, the parcel delivery giant said Sept. 9.

David Koenig | Associated Press
September 10, 2019
Government, Business, Safety, Logistics

Senate Confirms Former Delta Executive Stephen Dickson as FAA Administrator

Stephen Dickson Newly confirmed FAA Administrator Stephen Dickson (Stefani Reynolds/Bloomberg News)

A former Air Force pilot and Delta Air Lines executive was confirmed July 24 by the Senate to lead the Federal Aviation Administration after overcoming opposition from Democrats who claim that he mistreated a whistleblower during his tenure at Delta.

David Koenig | Associated Press
July 24, 2019
Business, Technology, Safety

Boeing to Take $4.9 Billion Charge Over Grounded 737 Max Jet

Boeing Ted S. Warren/Associated Press

Boeing is booking a $4.9 billion charge to cover possible compensation to airlines that have canceled thousands of flights since the 737 Max jet was grounded after two deadly accidents, the aircraft manufacturer said July 18.

David Koenig | Associated Press
July 19, 2019
Government, Business, Logistics

Government Shutdown Strains Emerge in US Air Travel System

Atlanta Airport A line of people wait in the security line at Hartsfield-Jackson Atlanta International Airport. (Elijah Nouvelage/Bloomberg News)

The strain of a 34-day partial government shutdown is weighing on the nation’s air-travel system, both the federal workers who make it go and the airlines that depend on them. Air traffic controllers and airport security agents continued to work without pay — they will miss a second biweekly paycheck Jan. 25 — but high absentee rates raise the threat of long airport lines, or worse.

David Koenig | Associated Press
January 24, 2019
Business, Fuel

Exxon 3Q Profit Surges on Higher Energy Prices

Exxon Sign Mark Humphrey/Associated Press

DALLAS — Higher oil prices propelled Exxon’s third-quarter profit up 57% to $6.24 billion despite another drop in production. It was Exxon’s best third quarter since 2014, when the effects of a collapse in oil prices had not yet been felt, and a sign that Big Oil is coming back.

David Koenig | Associated Press
November 2, 2018
Government, Business, Fuel

Economy Keeps Growing, Even With Rising Oil Prices

Gas delivery to convenience store Travis Hall (right) and Brandon Deese pump fuel from two tanker trucks at a convenience store in Wilmington, N.C., on Sept. 17. (Chuck Burton/AP)

DALLAS — America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.

David Koenig | Associated Press
September 21, 2018
Government, Business

FedEx Downplays US-China Trade Spat’s Impact on Its Business

A FedEx Express truck makes deliveries Christopher Dilts/Bloomberg News

DALLAS — Shortly before the Trump administration announced a new round of tariffs against Chinese goods, FedEx Corp. leaders tried to assure investors Sept. 17 that a widening trade war will have little direct effect on the company.

David Koenig | Associated Press
September 18, 2018

Pages