Boeing said Wednesday 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. Boeing’s CEO said the company is in “a tough moment,” and its focus is on fixing its manufacturing issues, not the financial results. Company executives have been forced to talk more about safety and less about finances since a door plug blew out of a Boeing 737 Max during an Alaska Airlines flight in January, leaving a gaping hole in the plane. The accident halted progress that Boeing seemed to be making while recovering from two deadly crashes of Max jets in 2018 and 2019. Now those crashes are back in the spotlight, too.
Boeing Posts A $355 Million Loss As The Plane Maker Tries To Dig Out From Under Its Latest Crisis
Associated Press, David Koenig, Chicago Tribune: Business
Wed, 04/24/2024 - 5:58am
Topics: boeing s ceo max january u.s justice department although alaska airlines flight boeing ceo david calhoun near revenue federal aviation administration investigators fbi congress dreamliners airbus pentagon richard aboulafia aerodynamic advisory even this general motors lockheed buy overweight sell hold boeing company alaska airlines alaska calhoun calhoun factset aboulafia million loss plane crisis manufacturing customers wednesday quality crashes told safety survey share tough problems reported results analysts major shares work financial moment focus issues door progress accident people industry billion high ratings plug actions first-quarter massive
BING NEWS:
- Boeing posts a $355M loss, as plane maker tries to dig out from latest crisis
Boeing stock has plunged by about one-third since the blowout. The Federal Aviation Administration has stepped up its oversight and given Boeing until late May to produce a plan to fix problems in ...
04/24/2024 - 2:03 pm | View Link - Boeing's financial woes continue, while families of crash victims urge US to prosecute the company
Boeing said Wednesday that it lost $355 million on falling revenue in the ... leaving a gaping hole in the plane. The accident halted progress that Boeing seemed to be making while recovering ...
04/24/2024 - 4:58 am | View Link - Boeing is reporting a $355 million loss for the first quarter
Boeing is reporting a $355 million loss for the first quarter. But the CEO said the results announced Wednesday aren't the most important thing right now for Boeing. That's fixing ...
04/24/2024 - 1:14 am | View Link - Boeing posts a $355M loss as the plane maker tries to dig out from under its latest crisis
Boeing said Wednesday that it lost $355 million on falling revenue in the ... leaving a gaping hole in the plane. The accident halted progress that Boeing seemed to be making while recovering ...
04/23/2024 - 9:31 pm | View Link - Boeing posts $355 million loss as it tries to dig out from under its latest crisis
Boeing said Wednesday that it lost $355 million on falling revenue in the ... leaving a gaping hole in the plane. The accident halted progress that Boeing seemed to be making while recovering ...
04/23/2024 - 9:17 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more