An aerial photograph reveals Boeing 737 Max airplanes parked on the tarmac on the Boeing Manufacturing unit in Renton, Washington, on March 21, 2019.
Lindsey Wasson | Reuters
Boeing’s quarterly report on Wednesday would be the most full accounting thus far of the fallout from the midair lack of a door plug from a 737 Max 9 aircraft in January, an accident that sparked one other pricey security disaster for the producer.
Analysts anticipate the maker of the 737 to report its seventh consecutive quarterly loss and that it burned by additional cash than anticipated due to the accident, which has introduced in additional federal scrutiny and a manufacturing slowdown, crimping the world’s provide of recent planes forward of the busy summer time journey season.
Here’s what Wall Road expects for Boeing for the interval that ended March 31, in accordance with estimates from LSEG:
- Loss per share: $1.76 adjusted
- Income: $16.23 billion
Boeing has been hamstrung in ramping up manufacturing, particularly of its best-selling 737 Max planes. After the door plug blew out on the Alaska Airways Max 9 on Jan. 5, the Federal Aviation Administration has barred Boeing from rising output. The FAA additionally mentioned it discovered quite a few problems with noncompliance alongside Boeing’s provide chain.
Questions abound for Boeing’s lame duck CEO Dave Calhoun, who introduced in March that he would step down by year-end.
Amongst these questions: When will Boeing stabilize its manufacturing line and enhance manufacturing of the 737 Max and different planes? When will Boeing appoint a brand new CEO? How a lot will the present disaster value Boeing? When may Boeing finalize a deal to purchase again fuselage maker Spirit AeroSystems.
That is breaking information. Please test again for updates.
