Shadow of 2 deadly crashes hangs over Boeing's 1Q earnings - News Summed Up

Shadow of 2 deadly crashes hangs over Boeing's 1Q earnings


They’ll want to know how close engineers are to completing a fix to flight-control software at the centre of investigations into two deadly crashes involving the Boeing 737 Max. Analysts surveyed by FactSet expect Boeing to report adjusted earnings of $3.19 per share on revenue of $22.94 billion. When the market closed Tuesday, Boeing Co. shares stood 4% higher than before the October crash of a 737 Max operated by Indonesia’s Lion Air. After a slump, they skyrocketed from late December until early March when another 737 Max crashed, this one operated by Ethiopian Airlines. Analysts treated the Lion Air crash off the coast of Indonesia as a one-time event and noted confidently that Boeing was working on a software fix.


Source: Ethiopian News April 24, 2019 04:07 UTC



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