An aerial photo shows a Boeing 737 Max aircraft parked on the runway at the Boeing Factory in Renton, Washington, on March 21, 2019.
Lindsey Wasson | Reuters
by Boeing Wednesday's quarterly report will be the most comprehensive to date on the fallout from the loss of a door plug on a 737 Max 9 mid-air in January, an accident that sparked a national security crisis. All other costs for the manufacturer.
Analysts expected the 737 maker to report its seventh straight quarterly loss, and it burned through more cash than expected because of the crash, prompting tighter federal oversight and production delays in turn, reducing the world's supply of new aircraft before the pandemic. busy summer tourist season.
Here's what Wall Street expects for Boeing in the period ending March 31, according to estimates from LSEG:
- Loss per share: $1.76 adjusted
- Revenue: 16.23 billion USD
Boeing has been hampered in ramping up production, especially of its best-selling 737 Max planes. After a door plug blew on the Alaska Airlines Max 9 on January 5, the Federal Aviation Administration banned Boeing from increasing production. The FAA also said it found multiple non-compliance issues in Boeing's supply chain.
There are a lot of questions for Boeing CEO Dave Calhoun, who announced in March that he would step down at the end of the year.
Among those questions: When will Boeing stabilize production lines and ramp up production of the 737 Max and other planes? When will Boeing appoint a new CEO? How much will the current crisis cost Boeing? When might Boeing complete a deal to buy the fuselage manufacturer? Spirit AeroSystems.
This is breaking news. Please check back for updates.
