Boeing reports Q4 loss but reaffirms 2023 targets
1 year, 10 months ago

Boeing reports Q4 loss but reaffirms 2023 targets

Live Mint  

Persistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand. Boeing said its commercial plane business was dented by "abnormal costs," while labor instability and supply chain disruption weighed on its defense, space and security unit. He predicted that 2023 would remain "bumpy" as far as the supply chain, but said the ramp-up was aided by shared knowledge that demand for aviation remains strong. CFRA Research analyst Colin Scarola, who has a "strong buy" recommendation on Boeing with a $255 price target, expects supply chain problems to ease in the second half of 2023 and predicted that China's shift on Covid-19 "will boost 737 demand as well as aid the supply chain."

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Boeing loses $663 million in 4Q despite higher revenue
1 year, 10 months ago

Boeing loses $663 million in 4Q despite higher revenue

Associated Press  

Boeing said Wednesday it lost $663 million in the fourth quarter as higher production costs and supply-chain problems offset rising revenue. Boeing, based in Arlington, Virginia, has seen deliveries rise since regulators approved the 737 Max to fly again in late 2021 and after the company satisfied regulators that it fixed production problems on another plane, the larger 787 Dreamliner. …

Boeing posts three-month loss of $2.4 billion
4 years, 4 months ago

Boeing posts three-month loss of $2.4 billion

CNN  

New York CNN Business — Boeing lost $2.4 billion over the past three months, the company revealed Wednesday. The company is still in the early stages of resuming production of its 737 Max jets, which was Boeing’s best-selling aircraft but has been grounded since March 2019 following two crashes that killed 346 people. “The reality is the pandemic’s impact on …

Boeing got hit with a new wave of canceled plane orders
4 years, 5 months ago

Boeing got hit with a new wave of canceled plane orders

CNN  

New York CNN Business — The flood of canceled Boeing plane orders has returned. But counted among those tenuous orders are 97 planes that Norwegian Air Shuttle says it has canceled, but which Boeing has yet to acknowledge in its cancellation total. Most of the planes canceled or dropped from the backlog were the 737 Max, the troubled jet that …

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