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Issues had been going so effectively at Boeing only a few months in the past. The corporate reported its full-year 2023 earnings Wednesday (Jan. 31), and there was quite a lot of excellent news: Income was up 17% to just about $78 billion, and losses narrowed by greater than half to only over $2 billion. The fourth quarter’s earnings had been higher than anticipated, and the inventory briefly jumped 5% in early buying and selling due to it.
However then—boom—the fuselage broke on an Alaska Airways flight’s 737 Max 9 airplane earlier this month, and the headaches started mounting. As soon as a key piece of the next-generation of Boeing planes, the airplane’s brief departure from the skies has made it tough to determine what the longer term seems to be like.
CNBC reports that Boeing CEO David Calhoun informed staff that “whereas we regularly use this time of yr to share or replace our monetary and operational goals, now shouldn’t be the time for that.”
Hassle with its already-delivered planes additionally makes it laborious to determine how shortly Boeing will have the ability to construct new ones. In October, the corporate advised that it might have the ability to bump 737 Max output from the present 38 planes a month to 50 by 2025 or so. However now it’s simply affirming its present price of manufacturing. If issues get too gradual, that may only further complicate Calhoun’s efforts to make 2024 a banner yr.
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