Boeing Shares Fall 6% as CEO Flags Production and Cash Flow Concerns

Willis Lease Finance Corp. is adding 13 aircraft engines and 12 commercial aircraft to its aviation asset holdings through a recently concluded transaction. CEO Austin C. Willis said the acquisitions offer a compelling opportunity to allocate capital toward assets that resonate with existing operations, building on the company's core strengths in aircraft and engine leasing. The additions expand the company's leasing and aftermarket revenue opportunities, though results will depend on utilization, lease economics, maintenance costs, and residual values. The deal follows a second quarter in which lease rent revenue grew 6.7% but total revenue slipped 0.8% to $194 million, dragged by a 30.2% drop in spare parts and equipment sales to $21.2 million and a 67.6% decline in interest revenue. Net income attributable to common shareholders fell 51.2% to $28.7 million and diluted EPS dropped from $2.81 to $1.31, while debt declined from $2.70 billion to $2.32 billion and the leased engine count fell from 363 to 334 as leased aircraft rose from 20 to 22.

Amazon.com plans to transition its air cargo fleet from Boeing 767 aircraft to Airbus A330 freighters, with Air Transport Services Group set to acquire and convert 30 Airbus A330 jets to support Amazon's air network. ATSG expects to begin operating the Airbus A330 cargo aircraft for Amazon in 2027 as part of the refreshed fleet. The switch gives Amazon access to larger, more modern cargo aircraft that can carry more volume per flight than the 767s they replace, potentially reshaping how the retailer positions inventory for Prime and marketplace orders, especially on longer domestic and transcontinental routes where aircraft range and payload matter most. The move marks a key shift in Amazon's air logistics strategy and lines up with the company's broader thesis of heavy capital spending on logistics and data centers as a trade off for efficiency and future return potential. The clearest proof point will arrive as ATSG starts flying the A330s in 2027, when Amazon discloses how much of its parcel volume flows through the new jets versus legacy aircraft and third party carriers, along with any commentary on unit costs per package or delivery speed.