Categories: Market

Boeing flew another loss

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US aircraft manufacturer Boeing does not appear out of nowhere. The company, which had a loss for four years in a row, posted a deficit of $425 million in the first quarter. These include the higher costs for the breakdown jet 737 Max (Archive image)

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

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