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Compared to the same period last year, sales were $17.9 billion, though sales were up 28 percent, and losses were reduced by nearly two-thirds. Also, Boeing burned less cash than analysts expected.
But issues with key aircraft types continue to pose problems for the manufacturer. Surprisingly low cash outflows were well received in the financial market: Boeing shares rose in premarket US trading.
Boeing was again in the red, both in the commercial aircraft business and in the armaments and aviation division. The group explained the operating loss of passenger and cargo jets in part through special fees and development costs, while it announced a $245 million pre-tax fee for the US Air Force due to quality issues in tanker aircraft.
In addition, Boeing has to make improvements due to defects in the fuselage of its 737 series medium-range jets. He said this should slow production and deliveries for now. But throughout the year, the manufacturer wants to continue to deliver 400 to 450 jets in series.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
