Boeing Co. lost an order for 35 Dreamliners with a list price of $8.5 billion in the biggest 787 cancellation yet as Qantas Airways Ltd. scrapped a contract after delivery delays and losses on international routes.
China Eastern Airlines Corp. dropped an order for 24 Boeing Co. 787 Dreamliners in favor of 45 smaller 737s after the larger jet’s delivery was delayed and a weakening economy hurt demand for long-haul air travel.
Boeing Co. topped profit estimates for the quarter when it delivered the first 787 Dreamliner and said the new model’s production costs will be spread over 1,100 planes, matching analysts’ projections.
American International Group Inc. ’s jet-leasing unit said it will buy 100 Airbus SAS aircraft and 33 Boeing Co . 737s, $11.8 billion in planes at list prices, as airlines refresh their fleets amid rising travel demand.
Boeing Co., which has boosted its 2012 profit forecast three times as commercial and military aircraft sales rose, said it expects challenges next year that include a tougher defense market and higher pension expense.
Spirit Aerosystems Holdings Inc. dropped the most in four years after recording $590 million in charges as it struggled to develop and build parts for multiple new jets, including Boeing Co.’s Dreamliner, at the same time.
Boeing Co. forecast a smaller 2012 profit than analysts estimated, dragged down by rising pension expenses and declining U.S. defense spending, as the planemaker works to boost commercial production to a record.