Boeing reported second quarter earnings of $751 million. That's down from last year, but higher than the first quarter. Boeing employees in Wichita believe the news could slow future layoffs.
One aviation expert believes the report gives the machinist union a stronger bargaining position. David Richard thinks Boeing could start hiring workers, if the 767 becomes the replacement for the KC-135 tanker. "If that gets approved by Congress, that's a good employment prospect for Wichita", said Richard.
Responding to the second quarter report, Bioeing Chairman Phil Condit said, "our core business performed well, delivering strong earnings, margins and cash flows".