We are in a dramatically changed business environment, ... The slow recovery of both air travel and airline profitability continues to hurt demand for both aircraft and aircraft support. Demand for commercial satellite launches may be several years away from recovery.
We don't have a problem with loans, but the terms of such loans, ... If they're on commercial terms all is well and good. But the company must accept losses on commercial terms.
We have experienced unsatisfactory financial performance with our commercial airplane operations, ... Our expectations are that commercial airplane operations produce significant, double-digit operating margins,
Boeing continued on its flight plan in the third quarter. We won considerable new business, ... We are realizing significant performance improvement in production and are confident in our ability to deliver about 620 commercial airplanes this year.
The company's outlook reflects the strength of the commercial airplane market and our continuing overall improved performance. Commercial airplane demand appears stable and we anticipate 2002 deliveries to look similar to 2001.