Aircraft manufacturer Boeing is on a roll.
Boeing recently released their first quarter numbers, including a nice profit of $923 million. What is more impressive is the now-record backlog of $380 billion of aircraft orders! Since many of these aircraft will be powered (we hope) by G.E. Aviation engines, the news is especially gratifying.
The recent increase in Boeing orders is helping to reverse the trend which had European aircraft manufacturer Airbus capturing a larger market share for new commercial jets. Airbus has been plagued with several recent issues, including cracks in the engine mounts of their new super jumbo jet A380, causing many airlines to question an aircraft of that size. Boeing too has been hindered by production delays, such as the three year delay of the Dreamliner aircraft.
As each new Boeing is ordered, jobs for the next decade and beyond are being created - most of them here in the Unites States. As the commercial aviation field grows into previously underdeveloped areas in the world, the jobs created could continue to grow at a most impressive rate.
Nothing immediate, but at least Boeing is headed in the right direction!
-
Jay Ratliff has served as 700WLW's Aviation Expert since 2002, calling upon his 20+ year in the airline industry as a former General Manager for Northwest Airlines.
After being born in Frankfurt (that would be Germany, not Kentucky), Jay's family moved to Vandalia, Ohio where Jay spent his time learning to play the greatest game ever (baseball), by smacking the daylights out of fastballs from his next door neighbor Roger Clemens. (Disclaimer: At 9 years of age, this would have been a pre-steroid era.)
During his high school years at Carlisle High School, Jay spent most of his free time at the Jack Nicklaus Golf Center helping his Dad to build the condominiums at the course for a variety of Cincinnati sport's legends like Nancy Lopez, Ross Browner, Tom Seaver and others. In 1981 he watched his father build the ATP Tennis Stadium for the likes of Connors, McEnroe, Lendl and Borg.
Jay's passion for baseball continued thru 1983 when he was invited to tryout for the 1984 US Olympic Baseball Team. A torn hamstring six weeks before the tryouts ended his baseball dream. (He was able to write about the greatest game ever played for Reader's Digest, winning their Editor's Choice award and having it read by more than 88 million people worldwide.)
It was then Jay's attention turned towards the airline industry, where he loved the daily challenges of cancelled flights, delayed luggage (they weren't referred to as 'lost' until they were MIA for 90 days), weather problems and the always-wonderful Sunday after Thanksgiving! Cities Jay worked at included Monroe (LA), Florence (AL), Cincinnati, and Dayton. It was also during these years Jay was able to serve as the Travel Coordinator for the Detroit Lions - spending his Sunday afternoons on the NFL sidelines!
Jay continues that adrenaline rush by educating travelers with information specifically designed to help them find the cheapest of fares, resolve complaints, and having multiple options when flights are cancelled.
Jay lives in the Dayton area with his wife, Sherry and their two boys, and his older daughters serve as nurses to Dayton area hospitals.
If you have any questions, you can contact Jay through his Day Trading website - he is an avid Day Trader and teaches others on his system. (www.daytradefun.com)
-
Mornings on Jim Scott's show
