Boeing Takes Hit To Profits From 737 MAX Issues | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited--08.12.19

Airborne UnManned--08.13.19

Airborne Unlimited--08.14.19

AMA Drone Report--08.15.19

Airborne Unlimited--08.16.19

Airborne-YouTube

Airborne Unlimited--08.12.19

Airborne UnManned--08.13.19

Airborne Unlimited--08.14.19

AMA Drone Report--08.15.19

Airborne Unlimited--08.16.19

Fri, Apr 26, 2019

Boeing Takes Hit To Profits From 737 MAX Issues

Planemaker Says It Does Not Yet Know The Full Impact Of The Grounding

Boeing reported first-quarter revenue of $22.9 billion, Generally Accepted Accounting Principles (GAAP) earnings per share of $3.75 and core earnings per share (non-GAAP) of $3.16, reflecting lower 737 deliveries partially offset by higher defense and services volume. Boeing generated operating cash flow of $2.8 billion and paid $1.2 billion of dividends.

Overall, company revenue was down two percent, but core operating earnings for the first quarter fell 21 percent, according to the company's earnings report.

The previously issued 2019 financial guidance does not reflect 737 MAX impacts. Due to the uncertainty of the timing and conditions surrounding return to service of the 737 MAX fleet, new guidance will be issued at a future date. Boeing is making steady progress on the path to final certification for a software update for the 737 MAX, with over 135 test and production flights of the software update complete. The company continues to work closely with global regulators and our airline partners to comprehensively test the software and finalize a robust package of training and educational resources.

"Across the company, we are focused on safety, returning the 737 MAX to service, and earning and re-earning the trust and confidence of customers, regulators and the flying public," said Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg. "As we work through this challenging time for our customers, stakeholders and the company, our attention remains on driving excellence in quality and performance and running a healthy sustained growth business built on strong, long-term fundamentals."

The quarter's operating performance was highlighted by key defense wins, strong commercial widebody performance and orders, continued robust services growth, and receiving Embraer shareholder approval for the proposed strategic partnership.

(Source: Boeing. Image from file)

FMI: boeing.mediaroom.com/2019-04-24-Boeing-Reports-First-Quarter-Results

Advertisement

More News

Airborne-Unmanned 08.13.19: 'HAWK30' Authorized, UKCG Trial, Public Safety Drone

Also: SimActive, Atlas Multi-Drone System, UAS Public Safety Workshop, San Pablo Police Drone Unit HAPSMobile has received a Certificate of Authorization from the FAA to fly &ldquo>[...]

Aero-FAQ: Dave Juwel's Aviation Marketing Stories -- ITBOA BNITBOB

Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]

Klyde Morris (08.16.19)

Klyde Looks Over Some GREAT Deals On A Used Airplane... FMI: www.klydemorris.com>[...]

AMA Drone Report 08.15.19: Amazon Petition, Mavic-Mini?, Eek! Drone Flamethrower

Also: Drone Shooter, DJI Pocket, DroneResponders, Passenger Drone Test Amazon has petitioned the FAA for a waiver from several current rules governing Unmanned Aerial Vehicles to a>[...]

Airborne 08.16.19: Icon Crash Prelim, WingX Upgrade, SpaceX Starhopper

Also: AAIB Blames Carbon Monoxide, Praetor 500 Cert, SNC Selects ULA, Dickson on B737Max Another Icon A5 accident has been reviewed by the NTSB.... Leading to questions about the a>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2019 Web Development & Design by Pauli Systems, LC