Boeing Loses $355 Million in Latest Quarter [The New York Times]
Boeing Company (The) (BA)
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Source: The New York Times
Boeing on Wednesday reported a $355 million loss for the first three months of the year, as it deals with a quality crisis stemming from a Jan. 5 flight in which a panel blew off one of its planes.The loss was not as steep as analysts had expected. Boeing brought in more than $16.5 billion in revenue in the first quarter, less than it reported the same period last year but also a bit more than analysts expected, and burned through almost $4 billion in cash.The panel blowout on a 737 Max 9 jet during an Alaska Airlines flight resulted in no major injuries, but dealt a heavy blow to the company,reigniting concerns about Boeing’s practices“We are absolutely committed to doing everything we can to make certain our regulators, customers, employees and the flying public are 100 percent confident in Boeing,” Dave Calhoun, Boeing’s chief executive, said in a letter to employees on Wednesday.Last month, Mr. Calhoun said he would step down by the end of the year, part of abroader management sha
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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