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0.000286697247706487 0.000114678899082627 0.0017201834862386 0.00682339449541283 0.00430045871559633 0.0166284403669725 -0.0192660550458715 -0.0117499999999999
Stock impact report

Boeing reports better-than-feared quarter, says supply chain is stabilizing amid 737 Max crisis [MSNBC.com]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: MSNBC.com
Boeing737 Max safety crisisBoeing burned $3.9 billion in the first quarter, beating a previous company forecast and Wall Street analysts' expectations for cash burn of as much as $4.5 billion for the three-month period."Near term, yes, we are in a tough moment," CEO Dave Calhoun, who announced in March that he wouldstep down by year-endBoeing has been hamstrung in ramping up production, especially of its best-selling 737 Max planes, and instead has lowered output. After the door plug blew out on the Alaska Airlines Max 9 on Jan. 5, the Federal Aviation Administration has barred Boeing from increasing output. The FAA also said it found numerous issues of noncompliance along Boeing's supply chain.Calhoun said the company has lowered production to below 38 Max jets per month. Deries haveslowed sharplyBoeing's all-important commercial airplane unit revenue dropped 31% to $4.65 billion in the quarter compared with last year, with negative margins widening to 24.6% from 9.2%"We are using th Show less Read more
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