Quantcast

Boeing ends iconic jumbo jet production; operation costs remain high

A No-Frills Airline Is Getting Into the Premium Game
US Senate panel criticizes rising airline seat fees, will call execs to testify
Spirit’s Demise Is a Lesson in ‘Airline-o-nomics’
Inside BA’s new first-class suites: £800 an hour for most private seat
Focus: US airline flight crews confident and angry as unions seek richer contracts
Hawaiian Airlines Eliminates Widebody Route Amid Alaska Airlines Merger
US budget airlines are struggling. Will pursuing premium passengers solve their problems?
Delta CEO says the Trump administration will reverse government ‘overreach’ seen under Biden
Spirit Airlines files for bankruptcy: How will it affect your travel plans?
British Airways yet to identify cause of latest IT meltdown
Delta Airlines Will Start Serving Shake Shack Cheeseburgers Next Month
United Sees Nearly 30% Surge in Travel to European Christmas Markets
Budget airline Israir to launch flights between Israel and NY, ending wartime monopoly by flagship carrier El Al
Asia's airlines blame supply chain woes for disrupted operations
Qantas and Qatar Airways: Planned partnership in the Australian aviation industry under the microscope
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Delta investigating after plane’s nose mysteriously suffered damage
What Elon Musk's Starlink means for airlines
CAP OFF Major twist in Dublin Airport passenger cap row as High Court pauses decision in victory for airlines next summer season
Riyadh Air plans new jet order decision early next year
Calls for a blanket ban on politicians receiving free flight upgrades
Wizz Air Loses Challenge Against EU-Approved Romanian Aid for TAROM
Southwest, Other Airlines Plan a Shake-Up. Why They Need More to Boost Their Stocks.
One of Boeing's biggest customers leveled fresh criticism over ongoing 737 Max delivery delays
Low-Cost Airlines Innovate with Subscription Models
LA Considers $25 And $30 Minimum Wages For Hotel And Airport Workers
Airlines are on the hook for more than you think if something goes wrong with your trip
WA Labor & Industries plans to create new airline worker protections
Airlines must now give automatic refunds for significant delays. Here's what to know.
American Airlines Technical Operations, Fleet Service, Cargo and Central Load Planning team members ratify new agreement
Boeing ends iconic jumbo jet production; operation costs remain high
Policy
Webp 747
Boeing 747 | Boeing Website

The Boeing 747, a significant figure in aviation history, continues to be a subject of interest despite the end of its production in 2023. Known as the 'Queen of the Skies,' this aircraft has been an icon since its introduction in the 1970s. While primarily used for freight today, over 40 passenger versions remain operational, mainly as the latest 747-8i variant.

Boeing ceased production due to decreased demand and competition from more efficient twin-engine jets like the Boeing 777 and Airbus A350. The operating costs for a Boeing 747 vary by model. The older 747-400 is less efficient than the newer 747-8 with GEnx engines. According to Tom Farrier, a retired US Air Force command pilot, "the generic operating cost of a 747-400 is $25,000 per flight hour," covering variable expenses such as fuel and crew.

Fuel consumption is substantial for these aircraft, ranging between 10-12 tons per hour. Other significant costs include maintenance and airport handling fees. In terms of seat cost efficiency, the 747-8i surpasses the older model due to higher seating capacity.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Currently, only four airlines operate scheduled passenger flights with Boeing 747s: Air China, Korean Air, Lufthansa, and Rossiya Airlines. Lufthansa holds the largest fleet among them with both variants in service.

For those interested in leasing or chartering a Boeing 747-400, costs start at over $30,000 per hour according to Paramount Business Jets or as low as $25,000 per Mercury Jets estimates. Leasing arrangements can range from $55,000 to $110,000 monthly for longer-term agreements.

Acquiring a new Boeing 747 directly from production is no longer possible; however, secondhand markets offer pre-owned models at significantly lower prices—though their economic viability remains uncertain.

Specialized versions like Air Force One incur much higher operational costs due to unique modifications required for presidential transport duties. These VC-25A planes are significantly more expensive to operate than commercial airline models.

The propulsion system of choice for newer models is GE Aerospace's GEnx engine family which offers improved fuel efficiency compared to earlier engines like CF6 used on older models such as the Boeing 747-400.

Organizations Included in this History
More News

The UNI Africa Regional Conference concluded with a strong focus on consolidating working-class power.

Jul 6, 2025

In a recent rally at Gwanghwamun Square, UNI Global Union affiliates, including the Korea Finance Industry Union (KFIU) and the Korean Health and Medical Workers’ Union (KHMU), joined forces with national labor federations to advocate for stronger...

Jul 6, 2025

The Emirates Group recently held an exhibition titled "Tomorrow Takes Flight," showcasing its sustainability initiatives in aviation.

Jul 4, 2025

Air France-KLM has announced plans to take control of SAS Scandinavian Airlines by increasing its ownership stake to 60.5% by the end of 2026.

Jul 4, 2025

The International Air Transport Association (IATA) has expressed concerns over the Global Solidarity Levy Task Force's (GSLTF) proposal to impose a premium flyer levy, citing potential negative impacts on the airline industry and broader economic...

Jul 4, 2025

American Airlines, known for its extensive network of hub airports, once operated a significant hub at St. Louis Lambert Airport (STL) in Missouri.

Jul 4, 2025