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 (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...
Alaska Airlines said Boeing paid it $162 million so far in compensation for the 737 Max grounding.
Boeing is expected to report first quarter earnings before the bell on
Two Boeing engineers said their poor—and identical—performance reviews were the company lashing out over their raised safety concerns.
(Associated Press) – Boeing said Wednesday that it lost $355 million on falling revenue in the first
Boeing said today that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.
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The aircraft maker has cut production to fix quality problems after door panel blowout.
The data that the Canadian government relied on to ground Boeing MAX-8 jets in 2019 was the result of a chance encounter at a European aviation conference, documents suggest.