Boeing (BA) on Wednesday reported results that beat Wall Street
Boeing is expected to report first quarter earnings before the bell on Wednesday, following a quarter that could be called rocky to say the least.
Planemaker beat lowered expectations but still burned billions in response to crisis and reported first revenue drop in seven quartersBoeing burned through nearly $4bn in the last quarter as it scrambled to contain a safety crisis unleashed by a mid-flight blowout of a cabin panel on a brand-new 737 Max 9 jet.The US planemaker has been left reeling by the incident in January, which raised questions about its bestselling commercial plane, and warnings from a whistleblower about other sections of...
The aircraft maker has cut production to fix quality problems after door panel blowout.
Boeing reported a slightly smaller loss in the first quarter compared to the same time a year ago, but said fixing the problems that got attention after the Alaska Air incident will push back its financial recovery.
Boeing is expected to report first quarter earnings before the bell on
The airline is evolving its fleet strategy due to shifting delivery timelines from Boeing.
Boeing reported a slightly smaller loss in the first quarter compared to the same time a year ago, and warned investors and employees it will have to cut back production further to deal with quality and safety issues on its production line. Boeing reported a core operating loss of $388 million, or $1.13 a share, from the $440 million it lost on that basis a year earlier. That was significantly less than analysts’ forecast of $1.63 a share in the quarter. But the improvement came from outside its...
Australian tech billionaire Scott Farquhar has announced he will step down as head of Atlassian, 23 years after he founded the software start-up alongside university classmate Mike Cannon-Brookes. Mr Cannon-Brookes will continue as the company’s sole chief executive, Atlassian announced in a letter to shareholders early on Friday morning AEST. Mr Farquhar will take up […]
By: Casey Harper | The Center Square Lawmakers and aviation experts raised major concerns about the American aerospace company, Boeing, at two Senate hearings on Wednesday. The hearings come as Boeing has faced mounting criticism over mechanical malfunctions and questions over quality. In particular, Boeing whistleblower Sam Salehpour testified at the Senate Committee on Homeland
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