End of the line for jumbo jet as Boeing ends 54-year run
◆ Boeing has officially announced it is killing off its long haul 747 jumbo jet after plunging to a bigger than expected second-quarter loss, writes Alan Tovey.
The last of the 184-ton jets will roll off the production line in 2022, bringing the curtain down on 54 years of manufacturing. Demand has long been falling as firms opt for newer and more efficient aircraft.
Bosses unveiled a $3bn (£2.3bn) operating loss for the second quarter of 2020, while revenues slumped 25pc from a year earlier to $11.8bn as carriers around the world rushed to cancel orders following a plunge in air travel. British Airways, the last major operator of the passenger version of the 747, announced earlier this month that it was retiring its fleet immediately because of the steep fall in demand for passenger lights.
Boeing’s chief executive Dave Calhoun confirmed reports that the company intends to stop building the jumbo. The company currently produces six of the planes each year, all for cargo use.
Boeing was already in trouble even before coronavirus stuck, following the grounding of the 737 Max early last year.