Boeing’s latest financial report exceeded expectations, showcasing a strong quarter despite ongoing challenges in production. The company faced significant cash burn as it worked to address issues stemming from a 737 Max incident earlier this year.
In the first quarter, Boeing reported a cash burn of $3.9 billion, surpassing both its own projections and those of analysts on Wall Street. CEO Dave Calhoun acknowledged the current difficulties but emphasized the company’s unwavering commitment to safety and quality above all else.
While production delays have impacted deliveries, Boeing remains dedicated to regaining trust from regulators, customers, employees, and the public. The company continues to prioritize safety and quality assurance in all its operations.
Despite challenges in ramping up production, particularly for the 737 Max aircraft, Boeing remains focused on addressing these issues effectively. The company has adjusted its output to manage the situation and is working towards a resolution.
2024-04-24 08:43:29
Original from www.cnbc.com