Boeing to report Q1 2025 earnings despite challenges, including trade war and supply chain issues
From CNBC: 2025-04-23 07:01:00
Boeing is set to report earnings with Wall Street expecting improvements despite trade war and supply chain issues. CEO Kelly Ortberg to discuss progress, including production rates of 737 Max. Tariffs are a concern due to Trump’s trade war. Boeing selling digital aviation businesses for $10.55 billion. Analysts expect a loss per share of $1.29 and revenue of $19.45 billion in the first quarter.
GE Aerospace CEO Larry Culp met with Trump to discuss restoring duty-free trade for aerospace industry. GE and RTX anticipate tariffs to cost over $1 billion this year. Ortberg highlights improved safety and manufacturing processes following accidents. Boeing needs FAA approval to increase 737 Max production to above 38 jets a month. Employee survey shows decreased confidence in senior leaders.
Boeing has faced safety and manufacturing challenges, including accidents and production delays. CEO Ortberg is focused on improving processes and safety measures to move past these issues. Employee survey results show decreasing confidence in senior leadership. FAA approval needed to increase 737 Max production. Tariffs remain a concern due to trade war.
Read more at CNBC:: Boeing (BA) Q1 2025 earnings
