Boeing suspends outlook as 737 Max uncertainty clouds future [Business News Network (BNN) Energy & Resources (Canada)]
Spirit Aerosystems Holdings, Inc. (SPR)
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am
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Source: Business News Network
Boeing suspends outlook as 737 Max uncertainty clouds future Boeing Co. ( BA.N ) earnings missed analysts’ estimates for just the second time in five years as executives grapple with one of the worst crises in the planemaker’s century-long history. The manufacturer abandoned its 2019 financial forecast as it deals with the aftermath of two deadly crashes of its 737 Max aircraft, according to a company statement Wednesday. Boeing also revealed it hadn’t repurchased shares since mid-March after spending US$2.3 billion on its stock in the quarter. The second fatal accident within five months occurred March 10 in Ethiopia, spurring regulators globally to ground the single-aisle models. Boeing’s first-quarter results were weighed down by a US$1 billion cost as it slowed production of the 737 to conserve cash until the Max is cleared to resume commercial flights. The company also booked charges to revise training for pilots and update the Max’s software, which has been linked to both disast
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- Who can fix Boeing? Here are some potential CEO candidates [CNN]CNN
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SPR
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- 2/6/24 - Miss
SPR
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- 3/19/24 - Form 4
- 3/19/24 - Form 4
- 3/12/24 - Form ARS
- SPR's page on the SEC website