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this post was submitted on 08 Jul 2024
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Boeing made $76B in revenue in 2023. This is slightly more than 1 day's revenue for them ($210M / day) or a bit more than 10 days profit for them ($21M / day). They will keep doing what they're doing, but increase their spending on a PR campaign to improve their public image.
Wrong.
This plea deal helps them quantify the cost of safety lapses, which they didn't have before. Now they know that they'll only get fined a tiny bit, they know that it'll be worth it to cut further corners if that helps them sell maybe 5-10 more planes in total.
Just part of the cost of doing business.
Exactly. This is like if you charged the average person $1 for causing a major motorway accident.
It's a joke of a fine in the face of Boeing's profits - basically telling them they can get away with severe and wreckless disregard for human life in return for just over a week's profits.
You make 1$/day?
No, but it's on a similar scale as far as Boeing is concerned.
No it isn't, you were just replying to someone saying that it's slightly more than their daily revenue (equivalent to a person's income before taxes and spendings)...
If my maths is right that works out to just over 48 minutes of profit per person killed...
I rolled through a stop sign at 3mph several months ago and have to pay ~$500 in fees/traffic school. That’s a much higher hit to me percentage wise as Boeing who literally killed hundreds of people with their shitty planes. Our rules are stupid and broken.