Boeing's $3.9 Billion Cash Burn Adds Urgency to Revival Plan [BNN Bloomberg (Canada)]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
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Source: BNN Bloomberg
embattled planemaker continues to slow output to get a handle on its manufacturing issues. The company reported an adjusted loss per share of $1.13, and revenue of $16.57 billion in the first three months, according to a statement on Wednesday. Boeing rose as much as 4.2% in premarket US trading after the figures. Boeing's first three months of the year have been overshadowed by the fallout from a near-catastrophic accident on Jan. 5 that's upended the company's manufacturing, financials and management. Chief Executive Officer Dave Calhoun, who plans to step down by the end of the year, told employees in a memo that Boeing is “leaving no stone unturned” as it reworks its factories, encourages workers to point out defects and slows its system to identify faults in its processes. “Near term, yes, we are in a tough moment,” Calhoun said in said in the memo. “Lower deliveries can be difficult for our customers and for our financials. But safety and quality must and will come above a
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News
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BA
Earnings
- 4/24/24 - Beat
BA
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form PX14A6G
- 4/24/24 - Form PX14A6G
- BA's page on the SEC website