Boeing's Delivery Forecast and Earnings Take a Hit
TL;DR Summary
Boeing announced that it will deliver fewer 737 Max aircraft this year due to production flaws, revising its estimate to between 375 and 400 planes, down from the previous range of 400 to 450. The company reported a wider-than-expected adjusted loss for the third quarter, with a net loss of nearly $1.64 billion. Despite the challenges, Boeing's CEO expressed confidence in the company's ability to address the issues and maintain its expectations for future cash flow.
- Boeing cuts 737 Max delivery forecast as production issues dent third-quarter results CNBC
- Boeing Earnings: Smaller Losses Seen, Cash Flow In Spotlight After Sweeping Deal Investor's Business Daily
- Boeing trims annual 737 delivery target due to supplier errors Reuters
- Boeing Posts a Wider-Than-Expected Loss Though the Results Aren't That Bad - Barrons Barron's
- Boeing Shares Have a Bumpy Ride Ahead RealMoney
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