From CNBC:

Boeing to report fourth-quarter results following a midair blowout on a 737 Max 9. While the effect won’t be felt in earnings, it will likely affect Boeing’s outlook. Analysts expect an adjusted loss per share of 78 cents and revenue of $21.1 billion for the last three months of 2023.

CEO Dave Calhoun is under pressure to clean up Boeing’s reputation after the recent accident on Alaska Flight 1282. Federal investigators are examining whether the door plug was improperly installed before the Max 9 plane was handed off to Alaska Airlines late last year.

The accident is the most serious in a series of production flaws that have slowed down deliveries of new planes. The FAA cleared the Max 9 to fly again but halted Boeing’s planned production ramp-up, affecting Boeing’s financial targets and suppliers preparing for higher output.

The Boeing 737 Max is the company’s best-selling plane, and a delay to production increases could affect post-Covid travel demand. Calhoun has vowed transparency and to fix any shortfalls in manufacturing, visiting company and supplier production lines as well as lawmakers on Capitol Hill.

Boeing had the first of several production stand-downs last week to discuss manufacturing problems and potential improvements to their processes. Please check back for updates as this is breaking news.



Read more: Boeing (BA) Q4 2023 earnings