An aerial photo shows a Boeing 737 Max aircraft parked on the tarmac at the Boeing factory in Renton, Washington, on March 21, 2019.
Lindsay Watson | Reuters
Boeing’s The quarterly report released on Wednesday will be the most complete accounting yet of the aftermath of a door jam missing from a 737 Max 9 aircraft in mid-air in January, which triggered another costly safety crisis for the manufacturer.
Analysts expect the 737 maker to post its seventh straight quarter of losses and burn through more cash than expected due to the crash, which triggered more federal scrutiny and a production slowdown. Summer tourist season.
Wall Street’s expectations for Boeing as of March 31 are as follows, according to LSEG estimates:
- Loss per share: Adjusted $1.76
- income: US$16.23 billion
Boeing has been hampered in increasing production, especially of its best-selling 737 Max plane. The Federal Aviation Administration has banned Boeing from increasing production after a door jam burst on an Alaska Airlines Max 9 on January 5. The FAA also said it found numerous noncompliance issues in Boeing’s supply chain.
Boeing’s lame-duck CEO Dave Calhoun faces many questions when he announced in March that he would step down by the end of the year.
One of the questions: When will Boeing stabilize its production lines and increase production of the 737 Max and other planes? When will Boeing name a new CEO? How much will the current crisis cost Boeing?When might Boeing finalize deal to buy back airframe maker? spirit aviation systems inc..
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