Boeing Abandons Financial Outlook, Sees $1 Billion in Extra Cost on 737 MAX - News Summed Up

Boeing Abandons Financial Outlook, Sees $1 Billion in Extra Cost on 737 MAX


FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. It met sharply lowered Wall Street profit estimates, largely due to stopping deliveries of the 737 MAX jets and a slowdown in production. Boeing also booked unspecified charges related to developing a MAX software fix and pilot training. Boeing said it would issue a new financial forecast when it has more clarity around the issues surrounding the 737 MAX. First-quarter operating cash flow declined to $2.79 billion, from $3.14 billion, missing the Wall Street's average estimate of $2.82 billion.


Source: Ethiopian News April 24, 2019 11:53 UTC



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