Published 12 days ago

Boeing reports better-than-feared quarter, says supply chain is stabilizing amid 737 Max crisis

Summary by Ground News

Boeing on Wednesday reported a narrower-than-expected loss and less cash burn than analysts expected, and said it is stabilizing its supply chain as it grapples with its latest 737 Max safety crisis.

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Reuters

Boeing's lower MAX production will slow planemaker's recovery, CEO says

Boeing's lower 737 MAX production will slow the pace of its recovery, as it faces a "difficult" period following a harrowing mid-air blowout on one of its jets in January, CEO Dave Calhoun told employees on Wednesday.

12 days ago·United Kingdom

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CNN

Boeing losses, problems continue to mount

Boeing reported a slight smaller loss in the first quarter and warned investors and employees it will have to cut back production further to deal with quality and safety issues on its production line.

12 days ago·Atlanta, United States

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CNBC

Boeing reports better-than-feared quarter, says supply chain is stabilizing amid 737 Max crisis

Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.

12 days ago·United States

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Bloomberg

Boeing’s $3.9 Billion Cash Burn Adds Urgency to Quality Reboot

Boeing Co. burned through $3.93 billion in cash in the first quarter, adding to pressure on the planemaker as it seeks to resolve concerns around the quality of its manufacturing.

12 days ago·United States

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Investing.com

Boeing earnings beat by $0.50, revenue topped estimates

Boeing reported first quarter EPS of $-1.13, $0.50 better than the analyst estimate of $-1.63. Revenue for the quarter came in at $16.57B versus the consensus estimate of $16.5B.

12 days ago

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