earlier this month, the international air transport association warned that industry profits would fallmore than $7 billion this year following a dip in global trade. boeing has other, bigger problems. the 737 model has remained grounded since mid—march. from then, and throughout april and may, boeing had precisely zero orders for any of its commercial planes. boeing isn't about to run out of work just yet, it still has around 5,500 commercial planes on its order book, worth nearly $400 billion. the start of 2019 saw the european plane maker airbus suffer more cancellations than new requests. of those cancellations, around a quarter relate to emirates' decision to end production of the a380 superjumbo. however, some analysts believe the aviation industry will continue to grow despite the rising challenges. airbus and boeing are both sitting in an industry which is continuing to show strong growth. if we look at what is driving passenger growth, it's coming out of asia and to some degree the middle east. this seems to be no sign of that slowing down. every year there is a new —— reve nu

. >> the international air transport association that represents more than 80% of air traffic expecthe sector to record its lowest profits in five years. this y year airlines will make a profit of $28 billion, down from the figure of 35 point $5 billion originally forecast in december. the main culprit, rising trade tensions between the world's two economic powerhouses, the u.s. and china. >> trade wars and protectionist measures are taking their toll on the cargo business. labor andts of fuel, infrastructure are squeezing margins. >> donald trump's escalating trade war with china has seen demand for air cargo dropping across the board in a downward trend that is set to continue for some time. with passenger growtwth expected to keep rising year on year, that could offset the drop in demand for airfreight. forecast doubled over the last decade. with the cost of travel 40% lower than a decade ago, the freedom to fly is reaching more people than ever. >> another headache for the air industry, the boeing 737 max 8. groundedaft was worldwide after an ethiopian airlines jet crashed in mar

be a bad year for companies that are in air travel and i think you've got the international air transportation association the global a global trade group they represent about 290 airlines. forecast about how the industry is on track to have its worst year since 24 seen a few years you have to have high speed rail now you have right i mean and that's where those things that get all blends i mean the vehicles they pain the airline industry has been like cramming us into smaller and smaller seats and they're making us pay more making us pay more of those they're just bleeding money stealing money out of the consumer uses their products but man at the end of the day now it's like i don't want to get on a plane if i know that you guys like had one faulty thing wrong with that but now $23.00 legged more comes out when you have time to suddenly inspect the plane. i mean anybody who travels a lot especially internationally. so there are these very large years late to level airplanes are very large very was there a blames and you know it takes a lot to get them up in the air and i. error the is. i think that comp

earlier this month, the international air transport association warned that industry profits would fall than $7 billion this year following a dip in global trade. boeing has other, bigger problems — the 737 max model is still grounded since and since march, the jet maker had no orders for any of its commercial planes. but boeing still has around 5,500 commercial planes on its order book — worth nearly $400 billion. and it's been a challenging for european rival airbus too, which suffered more cancellations than new orders. theo leggett is at the paris airshow. this is bound to dominate the events this week what's going on with boeing and the 737 max. absolutely. the sun is shining here, for borrowing the show has begun under a cloud, let's look fine. boeing has an order book of around five and thousand aircraft at 4400 or so 737 max and that playing is not allowed to fly. it's not allowed to fly because after two accidents it's become apparent a software system incorporated into the aircraft, flight incorporated into the aircraft, flight control system was the root cause of two major acc

major airlines are on pace for their worst year since 2014 the international air transport associationnnounced today, the aviation industry expects to earn $28 billion in profits this year. but that is 21% lower than the associations previous forecasts which came out in december. it would be the lowest profit for the industry that has recorded in the past 5 years, some factors affecting the industry include high fuel prices, an international trade war and the groundings of those 7.37 max planes. >>well tonight you want to check your fridge for this you can see right here perdue foods is recalling more than 31,000 pounds of it's ready to eat chicken products because they may be contaminated with pieces of bone material. the usda says the items were produced on march 21th and had been distributed nationwide. recalled items have best if used by date of may 20th 2019. they include organics refrigerated gluten-free breaded chicken breast tenders whole grain chicken breast strips and whole grain chicken breast nuggets also will close more than 400 of its stores this wednesday morning to host

the international air transport association expects the aviation industry will earn a $28 billion int forecast for the industry since 2014. the trade group also expects airlines costs to grow 7.4% this yo year mainly because of higher oil price, the group didn't mention the boeing groundings, that plane, the 737 still one of the industry's most important. airlines are dealing with cancelled flights because of that crisis and that's hurting their profits. >>> all right. there's a new king at the box office. yep, "godzilla" took the number one spot over the weekend, bringing in just over 49 million. the film beat out aladdin and "rocketman", two of the year's biggest films haven't hit theaters, disney's remake of the lion king debuts july 19th. many analysts think it could be one of the highest grossing fil films of the year, and there's this, yep, disney world released "star wars, rise of skywalker" in december. we'll be right back. ...when a plan stops being a plan and gets set into motion. today's merrill can help you get there with the people, tools, and personalized advice to help

around the world also the other stories you take a look at shares of boeing is the international air transport associationying, look, there has to be standardization in terms of training or max pilots around the world and does that training paeshlly have to involve more than laptop computer-based training when it comes to the mcas session one last thing, andrew, you mentioned about whether or not it's significant that the faa leaked this out or someone within the faa leaked out this problem. i think it's very significant. because i think that we have not seen this between the faa and boeing since the max issue began and now you've got somebody leaking out, they found a problem, boeing potentially was resisting making changes i think that is very significant. >> phil, before you go, real quick, there was a headline that ford is going to be eliminating 12,000 jobs in europe and france, a country in the midst of being this whole fiat-renault-nissan situation. what does it mean? >> remember, they laid out this plan to restructure europe about 66 months ago. this is the de-- about six months ago this is the de