From NBC Universal: 2024-07-31 07:00:01

Boeing is expected to report another loss with lower revenue in its second-quarter results due to safety and manufacturing crises. Analysts predict a loss of $1.97 per share and revenue of $17.23 billion, as the company struggles with regulatory scrutiny and supply chain issues post-pandemic.

The door plug blowout incident earlier in the year has added to Boeing’s troubles, delaying deliveries of 737 Max planes and impacting financial targets. Lower production rates are causing financial strain, with CFO Brian West estimating another $4 billion burn in the second quarter.

Boeing is making long-term changes to training and quality control to address customer dissatisfaction, with CEO Stephanie Pope acknowledging the company’s failures. Delays and cost overruns in other business units, like the defense sector building Air Force One aircraft, are adding to Boeing’s challenges.

Stephanie Pope emphasized that Boeing’s transformation will take years to implement, as the company aims to regain trust and improve operations across its various business units. It remains to be seen how Boeing’s financial performance will be affected by ongoing challenges and restructuring efforts.



Read more at NBC Universal:: Boeing (BA) earnings Q2 2024